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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report) have been given an average rating of “Moderate Buy” by the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

Several research firms recently commented on FQVLF. TD Securities reissued a “hold” rating on shares of First Quantum Minerals in a report on Thursday, February 12th. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a report on Monday, May 4th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of First Quantum Minerals in a report on Wednesday, April 15th. Scotiabank reissued an “outperform” rating on shares of First Quantum Minerals in a report on Wednesday, May 13th. Finally, UBS Group raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th.

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First Quantum Minerals Price Performance

Shares of OTCMKTS FQVLF opened at $26.80 on Tuesday. The stock has a market cap of $22.36 billion, a P/E ratio of -107.20 and a beta of 1.26. The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. First Quantum Minerals has a 12-month low of $14.30 and a 12-month high of $33.30. The business’s fifty day simple moving average is $25.35 and its 200-day simple moving average is $25.70.

First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last posted its earnings results on Tuesday, April 28th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.22). The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.21%. As a group, equities analysts predict that First Quantum Minerals will post 0.41 EPS for the current fiscal year.

First Quantum Minerals Company Profile

(Get Free Report)

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.

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