First Quantum Minerals (OTCMKTS:FQVLF) Sets New 52-Week High – Should You Buy?

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) reached a new 52-week high during trading on Wednesday . The stock traded as high as $16.23 and last traded at $14.96, with a volume of 406525 shares trading hands. The stock had previously closed at $15.85.

Wall Street Analysts Forecast Growth

FQVLF has been the topic of a number of research reports. Stifel Canada upgraded shares of First Quantum Minerals to a “hold” rating in a report on Wednesday, March 19th. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, First Quantum Minerals has an average rating of “Moderate Buy”.

First Quantum Minerals Price Performance

The firm has a market cap of $11.39 billion, a P/E ratio of -682.85 and a beta of 1.49. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.08 and a quick ratio of 0.93. The stock’s 50-day simple moving average is $13.39 and its two-hundred day simple moving average is $13.32.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). First Quantum Minerals had a net margin of 0.04% and a negative return on equity of 0.15%. Equities research analysts forecast that First Quantum Minerals Ltd. will post 0.03 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.