First Quantum Minerals (OTCMKTS:FQVLF) Sets New 1-Year High - Time to Buy?

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on FQVLF. Canaccord Genuity Group cut First Quantum Minerals from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. Stifel Canada upgraded shares of First Quantum Minerals to a "hold" rating in a research report on Wednesday, March 19th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, First Quantum Minerals has an average rating of "Moderate Buy".

First Quantum Minerals Stock Performance

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 firm has a 50-day simple moving average of $13.40 and a 200 day simple moving average of $13.37. The company has a market cap of $11.39 billion, a price-to-earnings 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 EPS 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%. On average, sell-side analysts predict that First Quantum Minerals Ltd. will post 0.03 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.