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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have earned a consensus recommendation of “Moderate Buy” from the thirteen research firms that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating on the company.

A number of research firms have recently issued reports on FQVLF. Morgan Stanley upgraded First Quantum Minerals from an “overweight” rating to an “overweight” rating in a research note on Monday, May 18th. Barclays restated an “overweight” rating on shares of First Quantum Minerals in a research note on Monday, May 4th. Scotiabank restated an “outperform” rating on shares of First Quantum Minerals in a research note on Wednesday, May 13th. UBS Group upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of First Quantum Minerals in a research note on Wednesday, April 15th.

First Quantum Minerals Stock Up 1.6%

First Quantum Minerals stock opened at $26.80 on Tuesday. The firm has a market cap of $22.36 billion, a price-to-earnings ratio of -107.20 and a beta of 1.26. First Quantum Minerals has a 12 month low of $14.30 and a 12 month high of $33.30. The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. The stock has a fifty day simple moving average of $25.31 and a two-hundred day simple moving average of $25.61.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings results on Tuesday, April 28th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.22). The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. First Quantum Minerals had a negative return on equity of 1.21% and a negative net margin of 3.69%. Equities analysts predict that First Quantum Minerals will post 0.41 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.