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

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

Several research firms have recently issued reports on FQVLF. Barclays restated an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft raised First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, June 3rd. Scotiabank restated an “outperform” rating on shares of First Quantum Minerals in a research note on Monday, June 15th. TD Securities raised First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, July 14th. Finally, Citigroup reiterated a “positive” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th.

First Quantum Minerals Stock Down 3.1%

Shares of FQVLF stock opened at $33.23 on Thursday. First Quantum Minerals has a 12 month low of $16.80 and a 12 month high of $35.48. The firm has a market cap of $27.72 billion, a PE ratio of -302.05 and a beta of 1.36. The stock has a 50 day moving average of $29.21 and a 200-day moving average of $27.70. 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 announced 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). First Quantum Minerals had a negative return on equity of 2.28% and a negative net margin of 1.44%.The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.40 billion. On average, equities analysts predict that First Quantum Minerals will post 0.29 EPS 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.