First Quantum Minerals (OTCMKTS:FQVLF) Reaches New 52-Week High - Time to Buy?

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

Analyst Ratings Changes

FQVLF has been the topic of several recent analyst reports. BMO Capital Markets raised shares of First Quantum Minerals to a "strong-buy" rating in a research report on Tuesday, April 15th. Barclays reiterated an "overweight" rating on shares of First Quantum Minerals in a report on Tuesday, May 6th. National Bankshares restated an "outperform" rating on shares of First Quantum Minerals in a report on Wednesday, April 2nd. Raymond James Financial raised First Quantum Minerals to a "hold" rating in a research report on Monday. Finally, Canaccord Genuity Group raised First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, First Quantum Minerals currently has an average rating of "Moderate Buy".

First Quantum Minerals Price Performance

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 business's 50 day moving average price is $15.13 and its 200 day moving average price is $13.78. The stock has a market capitalization of $15.37 billion, a P/E ratio of 115.19 and a beta of 1.38.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $1.04 billion. First Quantum Minerals had a net margin of 2.78% and a return on equity of 1.19%. Sell-side analysts forecast that First Quantum Minerals Ltd. will post 0.03 EPS for the current 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.