Brokerages Set First Quantum Minerals Ltd. (OTCMKTS:FQVLF) PT at $27.61

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $27.61.

FQVLF has been the subject of a number of research reports. Raymond James increased their target price on First Quantum Minerals from $13.00 to $16.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 20th. Royal Bank of Canada raised First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 4th.

First Quantum Minerals Price Performance

OTCMKTS FQVLF opened at $13.37 on Tuesday. The business has a 50 day simple moving average of $10.50 and a 200 day simple moving average of $10.96. First Quantum Minerals has a 52-week low of $6.92 and a 52-week high of $29.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.72. The stock has a market cap of $11.14 billion, a price-to-earnings ratio of -7.86 and a beta of 1.82.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its earnings results on Tuesday, April 23rd. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.06). First Quantum Minerals had a positive return on equity of 0.26% and a negative net margin of 20.02%. The business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $931.34 million. Analysts anticipate that First Quantum Minerals will post -0.14 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.