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

Key Points

• First Quantum Minerals' share price reached a new 52-week high at $20.00, with the last trading price at $19.30 and a daily trading volume of 236,149 shares.
• The company posted a net margin of 4.08% and reporting earnings of $0.02 per share, surpassing expectations, with quarterly revenue of $1.23 billion against a consensus estimate of $1.06 billion.
• Analyst ratings for First Quantum Minerals include two Strong Buy ratings and five Hold ratings, indicating a consensus rating of "Moderate Buy."

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as $20.00 and last traded at $19.30, with a volume of 236149 shares traded. The stock had previously closed at $19.62.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on FQVLF shares. Barclays reaffirmed an "overweight" rating on shares of First Quantum Minerals in a research report on Monday, July 28th. Raymond James Financial upgraded shares of First Quantum Minerals to a "hold" rating in a report on Monday, June 30th. Royal Bank Of Canada restated an "outperform" rating on shares of First Quantum Minerals in a research note on Friday, July 25th. National Bankshares restated an "outperform" rating on shares of First Quantum Minerals in a report on Wednesday, August 13th. Finally, TD Securities restated a "hold" rating on shares of First Quantum Minerals in a report on Friday, July 25th. Two investment analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy".

First Quantum Minerals Trading Up 3.0%

The firm's 50-day simple moving average is $17.46 and its 200 day simple moving average is $15.50. The stock has a market capitalization of $16.36 billion, a P/E ratio of 81.71 and a beta of 1.35. The company has a quick ratio of 1.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.48.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.05. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.06 billion. First Quantum Minerals had a net margin of 4.08% and a return on equity of 1.44%. Equities research analysts anticipate 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.