Brokerages Set First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Price Target at $16.00

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat reports. Three equities research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $16.00.

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

First Quantum Minerals Stock Performance

Shares of FQVLF stock opened at $12.50 on Friday. The company has a market cap of $10.43 billion, a price-to-earnings ratio of -5.61 and a beta of 1.51. The stock has a 50 day simple moving average of $13.13 and a 200-day simple moving average of $12.79. First Quantum Minerals has a 12-month low of $6.92 and a 12-month high of $15.20. 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 issued its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.12. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.09 billion. On average, equities analysts forecast that First Quantum Minerals will post -0.13 EPS 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.