First Quantum Minerals (OTCMKTS:FQVLF) Shares Up 6.4% - Time to Buy?

Key Points

• First Quantum Minerals' stock price rose 6.4% to $18.27 during recent trading, with a notable decline in trading volume compared to the average.
• Analysts have issued a consensus rating of “Moderate Buy”, with two strong buy ratings, three buy ratings, and five hold ratings.
• For the last quarter, First Quantum reported earnings of $1.23 billion, beating estimates, and a net margin of 4.08%.

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) were up 6.4% during trading on Wednesday . The stock traded as high as $18.28 and last traded at $18.27. Approximately 25,552 shares traded hands during trading, a decline of 86% from the average daily volume of 187,645 shares. The stock had previously closed at $17.17.

Analysts Set New Price Targets

Several equities analysts recently commented on FQVLF shares. Royal Bank Of Canada reaffirmed an "outperform" rating on shares of First Quantum Minerals in a research report on Friday, July 25th. Barclays reaffirmed an "overweight" rating on shares of First Quantum Minerals in a research report on Monday, July 28th. TD Securities reaffirmed a "hold" rating on shares of First Quantum Minerals in a research report on Friday, July 25th. Raymond James Financial raised shares of First Quantum Minerals to a "hold" rating in a research report on Monday, June 30th. Finally, National Bankshares reaffirmed an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat, First Quantum Minerals presently has a consensus rating of "Moderate Buy".

First Quantum Minerals Stock Up 0.9%

The firm has a market capitalization of $14.93 billion, a PE ratio of 74.59 and a beta of 1.35. The firm's 50 day moving average price is $17.24 and its two-hundred day moving average price is $15.06. 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 announced its earnings results on Wednesday, July 23rd. The basic materials company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.05. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.06 billion. First Quantum Minerals had a net margin of 4.08% and a return on equity of 1.44%. As a group, research analysts forecast that First Quantum Minerals Ltd. will post 0.03 EPS for the current fiscal 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.