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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, six have issued a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of equities research analysts have recently weighed in on the stock. TD Securities restated a “hold” rating on shares of First Quantum Minerals in a report on Monday, September 29th. Citigroup reissued a “buy” rating on shares of First Quantum Minerals in a research note on Wednesday, October 8th. Scotiabank restated a “sector perform” rating on shares of First Quantum Minerals in a research report on Friday. Morgan Stanley reissued an “overweight” rating on shares of First Quantum Minerals in a research note on Tuesday, December 16th. Finally, Deutsche Bank Aktiengesellschaft cut First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, November 26th.

First Quantum Minerals Price Performance

FQVLF opened at $29.75 on Wednesday. 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 $24.82 billion, a P/E ratio of 595.12 and a beta of 1.33. The stock has a 50-day moving average price of $24.98 and a 200-day moving average price of $21.24. First Quantum Minerals has a 12-month low of $10.18 and a 12-month high of $30.05.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Tuesday, October 28th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.47 billion. First Quantum Minerals had a return on equity of 0.29% and a net margin of 0.92%. Equities analysts predict that First Quantum Minerals will post 0.03 earnings per share for the current fiscal year.

About First Quantum Minerals

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.