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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company.

FQVLF has been the subject of several recent research reports. Morgan Stanley restated an “overweight” rating on shares of First Quantum Minerals in a research note on Tuesday, December 16th. Scotiabank reiterated an “outperform” rating on shares of First Quantum Minerals in a research report on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Raymond James Financial restated a “market perform” rating on shares of First Quantum Minerals in a research note on Wednesday, January 14th. Finally, TD Securities reaffirmed a “hold” rating on shares of First Quantum Minerals in a research report on Thursday, February 12th.

First Quantum Minerals Trading Down 1.5%

Shares of FQVLF stock opened at $23.79 on Thursday. First Quantum Minerals has a 12-month low of $10.18 and a 12-month high of $33.30. The company has a market capitalization of $19.85 billion, a PE ratio of -594.75 and a beta of 1.27. The firm has a 50 day moving average price of $28.17 and a two-hundred day moving average price of $23.87. The company has a quick ratio of 1.08, a current ratio of 1.94 and a debt-to-equity ratio of 0.45.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its earnings results on Tuesday, February 10th. The basic materials company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.05). The firm had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.33 billion. First Quantum Minerals had a negative net margin of 0.53% and a positive return on equity of 0.07%. As a group, analysts predict that First Quantum Minerals will post 0.03 earnings per share for the current 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.