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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have received an average recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $16.00.

Separately, Barclays upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at $12.75 on Friday. First Quantum Minerals has a one year low of $6.92 and a one year high of $15.20. The company has a market cap of $10.64 billion, a PE ratio of -5.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.80. The business has a 50-day simple moving average of $13.05 and a 200-day simple moving average of $12.79.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.12. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.09 billion. On average, equities research analysts forecast that First Quantum Minerals will post -0.13 EPS for the current fiscal year.

First Quantum Minerals Company Profile

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.