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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has been given an average recommendation of “Moderate Buy” by the fourteen brokerages that are covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold recommendation, six have given a buy recommendation and two have given a strong buy recommendation to the company.

A number of brokerages have recently issued reports on FQVLF. Morgan Stanley reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research report on Tuesday, December 16th. Zacks Research lowered shares of First Quantum Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lowered First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, November 26th. Stifel Canada raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Finally, Raymond James Financial reiterated a “market perform” rating on shares of First Quantum Minerals in a research note on Wednesday.

First Quantum Minerals Trading Down 1.1%

Shares of OTCMKTS FQVLF opened at $29.23 on Wednesday. First Quantum Minerals has a fifty-two week low of $10.18 and a fifty-two week high of $30.05. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.94. The company has a market cap of $24.38 billion, a price-to-earnings ratio of 584.70 and a beta of 1.33. The business’s 50 day moving average price is $24.66 and its 200-day moving average price is $21.08.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings data on Tuesday, October 28th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.10). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.47 billion. First Quantum Minerals had a net margin of 0.92% and a return on equity of 0.29%. On average, sell-side analysts expect that First Quantum Minerals will post 0.03 earnings per share for the current year.

First Quantum Minerals Company Profile

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.