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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has received a consensus recommendation of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating on the company.

Several analysts have commented on FQVLF shares. Morgan Stanley raised shares of First Quantum Minerals from an “overweight” rating to an “overweight” rating in a research report on Monday. UBS Group raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of First Quantum Minerals in a research report on Wednesday, April 15th. Scotiabank reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday, May 13th. Finally, Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a research report on Monday, May 4th.

First Quantum Minerals Stock Performance

Shares of FQVLF stock opened at $25.07 on Tuesday. The firm has a market cap of $20.91 billion, a price-to-earnings ratio of -100.28 and a beta of 1.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.86 and a current ratio of 1.42. First Quantum Minerals has a 52 week low of $13.47 and a 52 week high of $33.30. The firm’s 50-day simple moving average is $25.17 and its two-hundred day simple moving average is $25.51.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.22). The company had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. First Quantum Minerals had a negative return on equity of 1.21% and a negative net margin of 3.69%. As a group, equities analysts forecast that First Quantum Minerals will post 0.49 earnings per share for the current 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.