First Quantum Minerals (OTCMKTS:FQVLF) Reaches New 12-Month High - Still a Buy?

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $15.30 and last traded at $15.18, with a volume of 162039 shares changing hands. The stock had previously closed at $14.78.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on FQVLF shares. Stifel Canada upgraded First Quantum Minerals to a "hold" rating in a report on Wednesday. Canaccord Genuity Group cut First Quantum Minerals from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

First Quantum Minerals Stock Performance

The company has a market capitalization of $12.91 billion, a price-to-earnings ratio of -774.00 and a beta of 1.49. The company has a 50 day moving average price of $13.24 and a 200 day moving average price of $13.19. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 2.08.

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