First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have been assigned a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have assigned a strong buy recommendation to the company.

FQVLF has been the topic of a number of research analyst reports. Stifel Canada upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Scotiabank reiterated a “sector perform” rating on shares of First Quantum Minerals in a research note on Tuesday, October 28th. Zacks Research cut shares of First Quantum Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. TD Securities reissued a “hold” rating on shares of First Quantum Minerals in a report on Monday, September 29th. Finally, Deutsche Bank Aktiengesellschaft cut First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 26th.

First Quantum Minerals Price Performance

FQVLF opened at $29.24 on Wednesday. First Quantum Minerals has a 12-month low of $10.18 and a 12-month high of $29.60. The company has a current ratio of 1.94, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The business’s fifty day simple moving average is $24.12 and its 200-day simple moving average is $20.84. The company has a market capitalization of $24.39 billion, a price-to-earnings ratio of 584.92 and a beta of 1.33.

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

First Quantum Minerals Company Profile

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.