Brokerages Set First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Price Target at $28.45

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLFGet Free Report) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $27.61.

Several analysts have issued reports on FQVLF shares. Raymond James upped their target price on First Quantum Minerals from $13.00 to $16.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 20th. Royal Bank of Canada upgraded shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 4th.

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First Quantum Minerals Stock Performance

First Quantum Minerals stock opened at $10.78 on Friday. First Quantum Minerals has a fifty-two week low of $6.92 and a fifty-two week high of $29.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.10 and a current ratio of 1.72. The stock has a market cap of $8.99 billion, a P/E ratio of -7.81 and a beta of 1.80. The firm’s fifty day moving average price is $9.59 and its 200-day moving average price is $12.67.

First Quantum Minerals (OTCMKTS:FQVLFGet Free Report) last released its quarterly earnings results on Tuesday, February 20th. The basic materials company reported ($0.37) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). First Quantum Minerals had a negative net margin of 14.78% and a positive return on equity of 2.19%. The firm had revenue of $1.22 billion for the quarter. On average, equities research analysts expect that First Quantum Minerals will post -0.37 earnings per share for the current fiscal year.

About First Quantum Minerals

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First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.

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