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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as $16.25 and last traded at $16.24, with a volume of 4645 shares traded. The stock had previously closed at $15.89.

Analyst Upgrades and Downgrades

A number of research analysts have commented on FQVLF shares. BMO Capital Markets raised shares of First Quantum Minerals to a "strong-buy" rating in a research report on Tuesday, April 15th. Scotiabank reiterated a "sector perform" rating on shares of First Quantum Minerals in a report on Friday, April 25th. Barclays reaffirmed an "overweight" rating on shares of First Quantum Minerals in a report on Tuesday, May 6th. Desjardins began coverage on shares of First Quantum Minerals in a report on Friday, April 4th. They set a "hold" rating on the stock. Finally, Canaccord Genuity Group raised shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy".

First Quantum Minerals Price Performance

The company has a market cap of $14.55 billion, a PE ratio of 109.01 and a beta of 1.36. The stock has a 50-day simple moving average of $14.58 and a 200 day simple moving average of $13.64. The company has a quick ratio of 0.94, a current ratio of 1.87 and a debt-to-equity ratio of 0.50.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The basic materials company reported ($0.03) earnings per share 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%. Equities analysts expect 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.