First Quantum Minerals (OTCMKTS:FQVLF) Trading 6.4% Higher - 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%.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. National Bankshares restated an "outperform" rating on shares of First Quantum Minerals in a report on Wednesday, August 13th. Raymond James Financial upgraded shares of First Quantum Minerals to a "hold" rating in a report on Monday, June 30th. Scotiabank reiterated a "sector perform" rating on shares of First Quantum Minerals in a report on Tuesday, July 8th. Barclays reiterated an "overweight" rating on shares of First Quantum Minerals in a report on Monday, July 28th. Finally, TD Securities reiterated 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

First Quantum Minerals Price Performance

The company's fifty day moving average is $17.20 and its 200 day moving average is $14.96. The company has a quick ratio of 1.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.48. The stock has a market cap of $15.01 billion, a PE ratio of 75.00 and a beta of 1.35.

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 EPS for the quarter, beating the consensus estimate of ($0.03) by $0.05. First Quantum Minerals had a net margin of 4.08% and a return on equity of 1.44%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.06 billion. As a group, sell-side analysts anticipate that First Quantum Minerals Ltd. will post 0.03 earnings per share 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.

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