First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have received a consensus rating of “Moderate Buy” from the fifteen brokerages that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and three have assigned a strong buy recommendation to the company.

Several analysts have issued reports on FQVLF shares. UBS Group upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Raymond James Financial restated a “market perform” rating on shares of First Quantum Minerals in a report on Wednesday, January 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research note on Tuesday, December 16th. TD Securities reiterated a “hold” rating on shares of First Quantum Minerals in a report on Thursday, February 12th. Finally, Scotiabank reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Tuesday, February 24th.

First Quantum Minerals Price Performance

Shares of OTCMKTS FQVLF opened at $22.43 on Monday. The stock has a market capitalization of $18.71 billion, a P/E ratio of -560.75 and a beta of 1.27. First Quantum Minerals has a one year low of $10.18 and a one year high of $33.30. The firm’s 50 day simple moving average is $26.74 and its two-hundred day simple moving average is $24.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.42 and a quick ratio of 0.86.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings data on Tuesday, February 10th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). First Quantum Minerals had a positive return on equity of 0.07% and a negative net margin of 0.53%.The business had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.33 billion. As a group, analysts expect that First Quantum Minerals will post 0.03 EPS 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.