First Quantum Minerals (OTCMKTS:FQVLF) Reaches New 52-Week High - Still a Buy?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report)'s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $16.23 and last traded at $14.96, with a volume of 406525 shares changing hands. The stock had previously closed at $15.85.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Stifel Canada raised First Quantum Minerals to a "hold" rating in a research note on Wednesday, March 19th. Canaccord Genuity Group lowered shares of First Quantum Minerals from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy".

First Quantum Minerals Stock Performance

The stock's 50-day moving average price is $13.40 and its 200 day moving average price is $13.34. The company has a quick ratio of 0.93, a current ratio of 2.08 and a debt-to-equity ratio of 0.49. The company has a market cap of $11.39 billion, a P/E ratio of -682.85 and a beta of 1.49.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate 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%. As a group, research analysts expect that First Quantum Minerals Ltd. will post 0.03 EPS for the current fiscal year.

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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.