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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has been given an average rating of “Buy” by the eleven ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation, seven have given a buy recommendation and two have issued a strong buy recommendation on the company.

Several equities analysts have weighed in on FQVLF shares. Scotiabank restated an “outperform” rating on shares of First Quantum Minerals in a report on Monday, June 15th. Citigroup reiterated a “positive” rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. Morgan Stanley reissued an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 8th. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. Finally, TD Securities raised First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, July 14th.

First Quantum Minerals Stock Performance

Shares of FQVLF opened at $31.43 on Thursday. The company’s fifty day moving average is $29.41 and its 200-day moving average is $27.76. First Quantum Minerals has a 12 month low of $17.14 and a 12 month high of $35.48. The firm has a market cap of $26.22 billion, a price-to-earnings ratio of -285.68 and a beta of 1.40. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.44.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings data on Tuesday, July 28th. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The business 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 2.29%. Equities analysts expect that First Quantum Minerals will post 0.29 EPS for the current fiscal 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.