First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Given Consensus Recommendation of "Buy" by Analysts

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) have been assigned an average rating of "Buy" from the nine research firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and three have issued a strong buy rating on the company.

A number of research analysts have issued reports on FQVLF shares. BMO Capital Markets raised First Quantum Minerals to a "strong-buy" rating in a report on Tuesday. Desjardins initiated coverage on First Quantum Minerals in a report on Friday, April 4th. They issued a "hold" rating on the stock. Stifel Canada raised First Quantum Minerals to a "hold" rating in a report on Wednesday, March 19th. Canaccord Genuity Group upgraded First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Finally, National Bankshares reaffirmed an "outperform" rating on shares of First Quantum Minerals in a report on Wednesday, April 2nd.

First Quantum Minerals Stock Performance

Shares of FQVLF traded down $0.08 on Monday, reaching $11.95. 153,458 shares of the stock traded hands, compared to its average volume of 209,466. First Quantum Minerals has a 12 month low of $10.18 and a 12 month high of $16.23. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.08 and a quick ratio of 0.93. The stock's 50-day moving average price is $13.04 and its 200-day moving average price is $13.23. The firm has a market cap of $9.97 billion, a price-to-earnings ratio of -597.45 and a beta of 1.32.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted its earnings results on Tuesday, February 11th. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). First Quantum Minerals had a net margin of 0.04% and a negative return on equity of 0.15%. Equities analysts forecast that First Quantum Minerals will post 0.03 EPS 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.