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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven analysts that are covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $16.00.

Separately, Barclays upgraded 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 Stock Up 0.5 %

Shares of FQVLF traded up $0.07 during midday trading on Friday, reaching $13.21. The stock had a trading volume of 459,752 shares, compared to its average volume of 272,626. The company has a market cap of $11.02 billion, a price-to-earnings ratio of -5.92 and a beta of 1.50. The company's fifty day simple moving average is $13.38 and its two-hundred day simple moving average is $12.89. First Quantum Minerals has a 1-year low of $8.22 and a 1-year high of $15.23. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.80 and a quick ratio of 0.93.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.02 by $0.12. The company 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 expect 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.