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

Key Points

• First Quantum Minerals Ltd. reached a new 52-week high of $24.75 during trading, with a closing price of $22.70.
• Equities research analysts have generally positive outlooks on the stock, with ratings including "Strong Buy" from three analysts and an average rating of "Moderate Buy."
• The company reported a $1.23 billion revenue for the last quarter, exceeding estimates and achieving a net margin of 4.08%.

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $24.75 and last traded at $22.70, with a volume of 7150 shares. The stock had previously closed at $23.48.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on FQVLF shares. Citigroup reiterated a "buy" rating on shares of First Quantum Minerals in a report on Wednesday, October 8th. TD Securities reissued a "hold" rating on shares of First Quantum Minerals in a research report on Monday, September 29th. Scotiabank reaffirmed a "sector perform" rating on shares of First Quantum Minerals in a research report on Tuesday, July 8th. National Bankshares reiterated an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, August 13th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of First Quantum Minerals in a research note on Friday, July 25th. Three analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

First Quantum Minerals Trading Down 1.0%

The stock has a market cap of $19.39 billion, a P/E ratio of 96.86 and a beta of 1.36. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.00 and a quick ratio of 1.00. The firm's 50 day moving average price is $19.33 and its 200-day moving average price is $16.49.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The basic materials company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.05. First Quantum Minerals had a return on equity of 1.44% and a net margin of 4.08%.The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.06 billion. As a group, equities research analysts forecast that First Quantum Minerals Ltd. will post 0.03 earnings per share 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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