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

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

FQVLF has been the subject of a number of recent analyst reports. BMO Capital Markets reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday, October 29th. Zacks Research cut shares of First Quantum Minerals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Morgan Stanley reiterated an “overweight” rating on shares of First Quantum Minerals in a research report on Tuesday, December 16th. Scotiabank reissued a “sector perform” rating on shares of First Quantum Minerals in a research note on Friday, January 16th. Finally, Stifel Nicolaus upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st.

First Quantum Minerals Price Performance

FQVLF stock opened at $27.30 on Friday. First Quantum Minerals has a 52-week low of $10.18 and a 52-week high of $33.30. The company has a quick ratio of 1.08, a current ratio of 1.94 and a debt-to-equity ratio of 0.45. The stock has a market cap of $22.77 billion, a price-to-earnings ratio of 546.11 and a beta of 1.32. The business has a fifty day moving average of $27.05 and a two-hundred day moving average of $22.27.

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.