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

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

FQVLF has been the topic of several research reports. UBS Group upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Morgan Stanley upgraded First Quantum Minerals from an “overweight” rating to an “overweight” rating in a research note on Monday, May 18th. Scotiabank restated an “outperform” rating on shares of First Quantum Minerals in a report on Monday, June 15th. Deutsche Bank Aktiengesellschaft raised First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, June 3rd. Finally, Barclays reiterated an “overweight” rating on shares of First Quantum Minerals in a report on Monday, May 4th.

First Quantum Minerals Stock Performance

Shares of FQVLF stock opened at $25.61 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.86 and a current ratio of 1.42. The firm has a market capitalization of $21.37 billion, a price-to-earnings ratio of -102.46 and a beta of 1.36. First Quantum Minerals has a one year low of $15.60 and a one year high of $33.33. The company has a 50 day moving average price of $27.81 and a 200 day moving average price of $27.23.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings results on Tuesday, April 28th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.22). The company had revenue of $1.40 billion during the quarter, compared to analyst estimates 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 anticipate that First Quantum Minerals will post 0.36 EPS for the current year.

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.