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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have earned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $16.00.

Separately, Barclays upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

First Quantum Minerals Stock Down 1.2 %

Shares of OTCMKTS:FQVLF opened at $13.69 on Friday. The firm has a market capitalization of $11.42 billion, a PE ratio of -6.14 and a beta of 1.50. First Quantum Minerals has a 1 year low of $8.22 and a 1 year high of $15.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.80 and a quick ratio of 0.93. The firm’s 50-day moving average is $13.45 and its two-hundred day moving average is $12.94.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.12. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%. The company had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.09 billion. Analysts predict that First Quantum Minerals will post -0.12 EPS for the current year.

About First Quantum Minerals

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.