First Quantum Minerals (OTCMKTS:FQVLF) Reaches New 1-Year High - Should You Buy?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The company traded as high as $17.79 and last traded at $17.75, with a volume of 6784 shares. The stock had previously closed at $17.44.

Wall Street Analyst Weigh In

FQVLF has been the subject of a number of recent analyst reports. Scotiabank reissued a "sector perform" rating on shares of First Quantum Minerals in a research report on Friday, April 25th. Barclays reaffirmed an "overweight" rating on shares of First Quantum Minerals in a research report on Tuesday, May 6th. Canaccord Genuity Group upgraded shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. National Bankshares restated an "outperform" rating on shares of First Quantum Minerals in a report on Wednesday, April 2nd. Finally, Stifel Canada upgraded First Quantum Minerals to a "hold" rating in a research note on Wednesday, March 19th. Five analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy".

First Quantum Minerals Trading Up 2.8%

The company has a debt-to-equity ratio of 0.50, a current ratio of 1.87 and a quick ratio of 0.94. The firm's fifty day moving average is $14.93 and its two-hundred day moving average is $13.71. The firm has a market capitalization of $15.17 billion, a PE ratio of 113.63 and a beta of 1.38.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.06) by $0.03. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.04 billion. First Quantum Minerals had a return on equity of 1.19% and a net margin of 2.78%. On average, equities analysts predict that First Quantum Minerals Ltd. will post 0.03 EPS for the current fiscal year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.