First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives Average Rating of "Moderate Buy" from Brokerages

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) has received an average recommendation of "Moderate Buy" from the seven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $16.00.

Separately, Barclays raised First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Tuesday.

First Quantum Minerals Stock Performance

OTCMKTS FQVLF traded down $0.25 during trading on Friday, hitting $12.50. The company's stock had a trading volume of 80,410 shares, compared to its average volume of 263,122. The company has a quick ratio of 0.93, a current ratio of 1.80 and a debt-to-equity ratio of 0.48. The firm has a 50 day moving average price of $13.09 and a 200 day moving average price of $12.80. The firm has a market cap of $10.43 billion, a P/E ratio of -5.72 and a beta of 1.51. First Quantum Minerals has a 52 week low of $6.92 and a 52 week high of $15.20.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.12. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.09 billion. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%. Equities research analysts forecast that First Quantum Minerals will post -0.13 earnings per share for the current fiscal 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.