First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Given Average Rating of “Moderate Buy” by Brokerages

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company.

A number of equities research analysts recently commented on the stock. BMO Capital Markets upgraded shares of First Quantum Minerals to a “strong-buy” rating in a research report on Tuesday, April 15th. Barclays reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research note on Tuesday, May 6th. Desjardins initiated coverage on First Quantum Minerals in a report on Friday, April 4th. They set a “hold” rating on the stock. Raymond James Financial upgraded First Quantum Minerals to a “hold” rating in a report on Monday. Finally, National Bankshares restated an “outperform” rating on shares of First Quantum Minerals in a report on Wednesday, April 2nd.

First Quantum Minerals Trading Up 4.4%

Shares of First Quantum Minerals stock opened at $18.47 on Friday. First Quantum Minerals has a 1 year low of $10.18 and a 1 year high of $19.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.94 and a current ratio of 1.87. The company has a market capitalization of $15.41 billion, a P/E ratio of 115.44 and a beta of 1.38. The company’s fifty day moving average is $15.04 and its two-hundred day moving average is $13.75.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its earnings results on Wednesday, April 23rd. The basic materials company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.04 billion. First Quantum Minerals had a net margin of 2.78% and a return on equity of 1.19%. Analysts forecast that First Quantum Minerals will post 0.03 earnings per share for the current 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.