First Quantum Minerals (OTCMKTS:FQVLF) Reaches New 52-Week High – Here’s Why

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) reached a new 52-week high during trading on Tuesday . The company traded as high as $30.05 and last traded at $29.7899, with a volume of 116484 shares changing hands. The stock had previously closed at $29.2290.

Analyst Ratings Changes

Several research analysts have recently weighed in on FQVLF shares. Deutsche Bank Aktiengesellschaft downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 26th. TD Securities reiterated a “hold” rating on shares of First Quantum Minerals in a research report on Monday, September 29th. BMO Capital Markets restated an “outperform” rating on shares of First Quantum Minerals in a report on Wednesday, October 29th. Scotiabank reaffirmed a “sector perform” rating on shares of First Quantum Minerals in a research report on Friday. Finally, Citigroup reissued a “buy” rating on shares of First Quantum Minerals in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Price Performance

The company has a current ratio of 1.94, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $24.78 billion, a P/E ratio of 594.18 and a beta of 1.33. The company has a fifty day simple moving average of $24.81 and a two-hundred day simple moving average of $21.16.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings results on Tuesday, October 28th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.10). The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.47 billion. First Quantum Minerals had a return on equity of 0.29% and a net margin of 0.92%. Sell-side analysts expect that First Quantum Minerals Ltd. will post 0.03 EPS 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.