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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have earned an average recommendation of “Moderate Buy” from the fifteen research firms that are presently covering the company, Marketbeat reports. Five analysts have rated the stock with a hold rating, seven have given a buy rating and three have assigned a strong buy rating to the company.

A number of brokerages have weighed in on FQVLF. Raymond James Financial reiterated a “market perform” rating on shares of First Quantum Minerals in a report on Wednesday, January 14th. TD Securities restated a “hold” rating on shares of First Quantum Minerals in a report on Thursday, February 12th. Morgan Stanley reiterated an “overweight” rating on shares of First Quantum Minerals in a research report on Tuesday, December 16th. UBS Group raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. Finally, Scotiabank reaffirmed an “outperform” rating on shares of First Quantum Minerals in a research report on Tuesday, February 24th.

First Quantum Minerals Price Performance

FQVLF stock opened at $25.12 on Monday. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.44. The firm has a market cap of $20.96 billion, a price-to-earnings ratio of -628.00 and a beta of 1.27. The company’s fifty day simple moving average is $26.39 and its 200 day simple moving average is $24.48. First Quantum Minerals has a 12-month low of $10.18 and a 12-month high of $33.30.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings results on Tuesday, February 10th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). First Quantum Minerals had a positive return on equity of 0.07% and a negative net margin of 0.53%.The business had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.33 billion. On average, analysts expect that First Quantum Minerals will post 0.03 earnings per share for the current 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.