First Quantum Minerals (OTCMKTS:FQVLF) Reaches New 52-Week High – Should You Buy?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $28.46 and last traded at $28.36, with a volume of 10413 shares traded. The stock had previously closed at $27.10.

Wall Street Analyst Weigh In

Several research firms recently weighed in on FQVLF. Zacks Research cut shares of First Quantum Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Raymond James Financial restated a “market perform” rating on shares of First Quantum Minerals in a research note on Friday, October 10th. Morgan Stanley reiterated an “overweight” rating on shares of First Quantum Minerals in a research report on Tuesday, December 16th. Stifel Canada raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Finally, TD Securities reaffirmed a “hold” rating on shares of First Quantum Minerals in a report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, First Quantum Minerals has an average rating of “Moderate Buy”.

First Quantum Minerals Stock Up 5.1%

The business’s 50 day moving average price is $23.10 and its 200-day moving average price is $20.24. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.94 and a quick ratio of 1.08. The company has a market cap of $23.77 billion, a P/E ratio of 569.91 and a beta of 1.33.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data on Tuesday, October 28th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). First Quantum Minerals had a return on equity of 0.29% and a net margin of 0.92%.The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.47 billion. On average, analysts anticipate that First Quantum Minerals Ltd. will post 0.03 earnings per share for the current fiscal 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.