Analysts Set First Quantum Minerals Ltd. (OTCMKTS:FQVLF) PT at $16.00

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts 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 research report on Tuesday, November 12th.

First Quantum Minerals Price Performance

Shares of OTCMKTS:FQVLF traded down $0.09 during midday trading on Tuesday, reaching $14.32. 63,451 shares of the company were exchanged, compared to its average volume of 262,836. The stock has a market cap of $11.95 billion, a PE ratio of -6.46 and a beta of 1.50. The business's fifty day moving average is $13.43 and its two-hundred day moving average is $12.80. 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 has a one year low of $6.92 and a one year high of $15.23.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.09 billion. As a group, 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.