First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have been assigned an average rating of “Moderate Buy” from the nine brokerages that are covering the company, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company.

Several analysts recently issued reports on FQVLF shares. Stifel Canada raised shares of First Quantum Minerals to a “hold” rating in a research note on Wednesday, March 19th. Raymond James Financial raised shares of First Quantum Minerals to a “hold” rating in a research note on Monday. Scotiabank reaffirmed a “sector perform” rating on shares of First Quantum Minerals in a research report on Friday, April 25th. 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, Barclays reiterated an “overweight” rating on shares of First Quantum Minerals in a report on Tuesday, May 6th.

First Quantum Minerals Trading Up 4.4%

Shares of First Quantum Minerals stock opened at $18.47 on Friday. First Quantum Minerals has a fifty-two week low of $10.18 and a fifty-two week high of $19.00. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.94 and a current ratio of 1.87. The firm has a 50-day simple moving average of $15.04 and a two-hundred day simple moving average of $13.75. The company has a market cap of $15.41 billion, a P/E ratio of 115.44 and a beta of 1.38.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.03. First Quantum Minerals had a net margin of 2.78% and a return on equity of 1.19%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.04 billion. As a group, equities analysts predict that First Quantum Minerals 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.