First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating on the company.

Several research firms have weighed in on FQVLF. Deutsche Bank Aktiengesellschaft cut First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 26th. BMO Capital Markets reaffirmed an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday, October 29th. Raymond James Financial reissued a “market perform” rating on shares of First Quantum Minerals in a report on Friday, October 10th. TD Securities restated a “hold” rating on shares of First Quantum Minerals in a research report on Monday, September 29th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of First Quantum Minerals in a report on Tuesday, October 28th.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at $25.57 on Friday. The company has a market capitalization of $21.33 billion, a price-to-earnings ratio of 511.40 and a beta of 1.40. The company has a current ratio of 1.94, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. First Quantum Minerals has a 12 month low of $10.18 and a 12 month high of $25.67. The stock’s 50 day moving average is $22.19 and its 200-day moving average is $19.40.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings results on Tuesday, October 28th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.10). The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.47 billion. First Quantum Minerals had a return on equity of 0.29% and a net margin of 0.92%. Equities research analysts expect that First Quantum Minerals will post 0.03 EPS for the current year.

About First Quantum Minerals

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.