First Quantum Minerals (OTCMKTS:FQVLF) Sets New 12-Month High - Should You Buy?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $16.25 and last traded at $16.24, with a volume of 4645 shares trading hands. The stock had previously closed at $15.89.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on FQVLF. Desjardins assumed coverage on shares of First Quantum Minerals in a research note on Friday, April 4th. They set a "hold" rating on the stock. 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. Stifel Canada upgraded First Quantum Minerals to a "hold" rating in a research note on Wednesday, March 19th. National Bankshares reaffirmed an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, April 2nd. Finally, Barclays reiterated an "overweight" rating on shares of First Quantum Minerals in a report on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock presently 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 fifty day moving average price is $14.30 and its 200-day moving average price is $13.58. The stock has a market capitalization of $13.66 billion, a price-to-earnings ratio of 102.38 and a beta of 1.36.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last released its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, beating 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 return on equity of 1.19% and a net margin of 2.78%. On average, research analysts forecast that First Quantum Minerals Ltd. will post 0.03 EPS for the current year.

About First Quantum Minerals

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.

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