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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued ratings 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 Price Performance

Shares of FQVLF opened at $13.21 on Friday. The stock has a market cap of $11.02 billion, a P/E ratio of -5.92 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 stock’s 50-day moving average price is $13.38 and its two-hundred day moving average price is $12.89. 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 (OTCMKTS:FQVLF) last posted its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share for the quarter, topping the consensus estimate 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. On average, equities analysts predict that First Quantum Minerals will post -0.12 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.