Analysts Set First Quantum Minerals Ltd. (OTCMKTS:FQVLF) PT at $16.00

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has received an average recommendation of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $16.00.

FQVLF has been the subject of a number of recent analyst reports. Barclays raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Canaccord Genuity Group cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Thursday, January 16th.

First Quantum Minerals Stock Up 1.7 %

FQVLF opened at $12.56 on Friday. First Quantum Minerals has a fifty-two week low of $8.95 and a fifty-two week high of $15.23. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 2.08. The company has a fifty day moving average of $13.18 and a two-hundred day moving average of $13.06. The stock has a market capitalization of $10.48 billion, a price-to-earnings ratio of -628.00 and a beta of 1.47.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). First Quantum Minerals had a net margin of 0.04% and a negative return on equity of 0.15%. On average, research 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., 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.