First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Given Consensus Recommendation of "Moderate Buy" by Analysts

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine analysts that are covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $28.45.

Several research analysts have recently weighed in on FQVLF shares. Raymond James lifted their price objective on First Quantum Minerals from $13.00 to $16.00 and gave the stock a "market perform" rating in a research report on Wednesday, March 20th. Royal Bank of Canada raised First Quantum Minerals from a "sector perform" rating to an "outperform" rating in a research report on Monday, March 4th.

First Quantum Minerals Price Performance

Shares of FQVLF stock traded up $0.29 during trading hours on Friday, reaching $10.78. The company's stock had a trading volume of 111,206 shares, compared to its average volume of 249,856. The company has a quick ratio of 1.10, a current ratio of 1.72 and a debt-to-equity ratio of 0.61. First Quantum Minerals has a fifty-two week low of $6.92 and a fifty-two week high of $29.79. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of -7.81 and a beta of 1.80. The firm's 50 day simple moving average is $9.56 and its 200-day simple moving average is $12.87.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its earnings results on Tuesday, February 20th. The basic materials company reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.21). The company had revenue of $1.22 billion for the quarter. First Quantum Minerals had a positive return on equity of 2.19% and a negative net margin of 14.78%. Sell-side analysts forecast that First Quantum Minerals will post -0.37 earnings per share 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.