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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have been given an average rating of “Moderate Buy” by the thirteen research firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, eight have given a buy recommendation and two have assigned a strong buy recommendation to the company.

Several research analysts have recently issued reports on the company. Barclays restated an “overweight” rating on shares of First Quantum Minerals in a research note on Monday, May 4th. Morgan Stanley upgraded First Quantum Minerals from an “overweight” rating to an “overweight” rating in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, June 3rd. Scotiabank reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday, May 13th. Finally, 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.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at $31.02 on Friday. The firm has a market capitalization of $25.88 billion, a P/E ratio of -124.08 and a beta of 1.33. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average price of $27.42 and a 200 day moving average price of $26.59. First Quantum Minerals has a 52 week low of $14.80 and a 52 week high of $33.33.

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 analysts’ expectations of $1.36 billion. First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.21%. Sell-side analysts expect that First Quantum Minerals will post 0.32 EPS 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.