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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $16.00.

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

First Quantum Minerals Stock Performance

OTCMKTS FQVLF opened at $13.86 on Friday. The company has a market cap of $11.56 billion, a P/E ratio of -6.22 and a beta of 1.50. The company has a fifty day simple moving average of $13.42 and a 200 day simple moving average of $12.93. The company has a current ratio of 1.80, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48. First Quantum Minerals has a 12-month low of $8.22 and a 12-month high of $15.23.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings data on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Sell-side analysts predict that First Quantum Minerals will post -0.12 earnings per share for the current fiscal 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.