First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives $16.00 Consensus Target Price from Brokerages

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has received a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $16.00.

Separately, Barclays raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

First Quantum Minerals Stock Performance

Shares of FQVLF opened at $12.50 on Friday. The firm’s 50 day moving average is $13.13 and its 200-day moving average is $12.79. The stock has a market capitalization of $10.43 billion, a P/E ratio of -5.61 and a beta of 1.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.80 and a quick ratio of 0.93. First Quantum Minerals has a 12-month low of $6.92 and a 12-month high of $15.20.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.12. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.09 billion. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%. Equities research analysts anticipate that First Quantum Minerals will post -0.13 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.