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

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

A number of analysts recently commented on FQVLF shares. Morgan Stanley restated an “overweight” rating on shares of First Quantum Minerals in a research report on Tuesday, December 16th. Scotiabank reissued an “outperform” rating on shares of First Quantum Minerals in a research note on Tuesday, February 24th. Deutsche Bank Aktiengesellschaft downgraded First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, November 26th. Raymond James Financial reaffirmed a “market perform” rating on shares of First Quantum Minerals in a research report on Wednesday, January 14th. Finally, TD Securities reiterated a “hold” rating on shares of First Quantum Minerals in a research report on Thursday, February 12th.

First Quantum Minerals Price Performance

Shares of FQVLF opened at $24.12 on Thursday. The stock has a market cap of $20.12 billion, a P/E ratio of -603.00 and a beta of 1.27. First Quantum Minerals has a 1 year low of $10.18 and a 1 year high of $33.30. The stock’s 50-day moving average price is $28.22 and its two-hundred day moving average price is $23.76. The company has a current ratio of 1.94, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45.

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