First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has received an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating on the company.

A number of equities research analysts have issued reports on FQVLF shares. Barclays reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research report on Tuesday, May 6th. National Bankshares reaffirmed an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday, April 2nd. BMO Capital Markets raised shares of First Quantum Minerals to a “strong-buy” rating in a research report on Tuesday, April 15th. Canaccord Genuity Group raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 16th. Finally, Stifel Canada raised shares of First Quantum Minerals to a “hold” rating in a research report on Wednesday, March 19th.

First Quantum Minerals Trading Down 0.7%

OTCMKTS:FQVLF opened at $14.35 on Friday. 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 firm has a 50-day moving average of $13.35 and a 200-day moving average of $13.27. The company has a market cap of $11.97 billion, a PE ratio of -717.50 and a beta of 1.33. First Quantum Minerals has a one year low of $10.18 and a one year high of $16.23.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its earnings results on Wednesday, April 23rd. The basic materials company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.03. First Quantum Minerals had a net margin of 0.04% and a negative return on equity of 0.15%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.04 billion. As a group, equities research analysts expect that First Quantum Minerals will post 0.03 EPS for the current fiscal year.

About First Quantum Minerals

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.