First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives Consensus Rating of “Buy” from Brokerages

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has been assigned an average rating of “Buy” from the thirteen ratings firms that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company.

Several research analysts have weighed in on FQVLF shares. Deutsche Bank Aktiengesellschaft raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Wednesday, June 3rd. Scotiabank reissued an “outperform” rating on shares of First Quantum Minerals in a research note on Monday, June 15th. Morgan Stanley reiterated an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 8th. TD Securities raised First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Barclays reiterated an “overweight” rating on shares of First Quantum Minerals in a research report on Monday, May 4th.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at $27.66 on Wednesday. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.44. First Quantum Minerals has a 52-week low of $15.60 and a 52-week high of $33.33. The firm has a fifty day moving average of $28.05 and a 200-day moving average of $27.26. The firm has a market capitalization of $23.07 billion, a P/E ratio of -110.64 and a beta of 1.36.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings results on Tuesday, April 28th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.22). First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.21%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. As a group, analysts predict that First Quantum Minerals will post 0.36 EPS for the current 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.