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

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

Several research analysts have weighed in on FQVLF shares. Zacks Research upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 6th. Citigroup reiterated a “buy” rating on shares of First Quantum Minerals in a research note on Wednesday. Raymond James Financial reiterated a “market perform” rating on shares of First Quantum Minerals in a research note on Friday. National Bankshares reiterated an “outperform” rating on shares of First Quantum Minerals in a research note on Wednesday, August 13th. Finally, Barclays reiterated an “overweight” rating on shares of First Quantum Minerals in a research note on Monday, July 28th.

First Quantum Minerals Price Performance

Shares of OTCMKTS FQVLF opened at $22.69 on Monday. The firm has a market capitalization of $18.93 billion, a PE ratio of 94.55 and a beta of 1.36. First Quantum Minerals has a fifty-two week low of $10.18 and a fifty-two week high of $24.30. The stock’s 50-day simple moving average is $18.94 and its 200-day simple moving average is $16.30. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.00.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.06 billion. First Quantum Minerals had a return on equity of 1.44% and a net margin of 4.08%. As a group, equities research analysts forecast that First Quantum Minerals will post 0.03 EPS for the current fiscal year.

About First Quantum Minerals

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.