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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have received a consensus recommendation of “Buy” from the twelve analysts that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of brokerages recently commented on FQVLF. Deutsche Bank Aktiengesellschaft upgraded First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, June 3rd. Morgan Stanley reiterated an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 8th. TD Securities raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, July 14th. Scotiabank restated an “outperform” rating on shares of First Quantum Minerals in a research report on Monday, June 15th. Finally, Barclays reaffirmed an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th.

First Quantum Minerals Trading Up 4.8%

Shares of OTCMKTS:FQVLF opened at $31.31 on Friday. The company has a market capitalization of $26.12 billion, a P/E ratio of -284.64 and a beta of 1.36. First Quantum Minerals has a 1 year low of $15.60 and a 1 year high of $33.33. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.42 and a quick ratio of 0.86. The business’s 50 day simple moving average is $28.54 and its 200 day simple moving average is $27.27.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings data on Tuesday, July 28th. The basic materials company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.40 billion. First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 2.28%. On average, research analysts anticipate that First Quantum Minerals will post 0.27 EPS for the current fiscal year.

About First Quantum Minerals

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.