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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has been assigned an average recommendation of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company.

Several equities analysts recently commented on FQVLF shares. Stifel Canada upgraded First Quantum Minerals to a “hold” rating in a research note on Wednesday, March 19th. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. National Bankshares reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday, April 2nd. Finally, Desjardins began coverage on shares of First Quantum Minerals in a report on Friday, April 4th. They issued a “hold” rating for the company.

First Quantum Minerals Price Performance

First Quantum Minerals stock opened at $11.68 on Monday. The firm’s 50-day moving average is $13.20 and its two-hundred day moving average is $13.29. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.08 and a quick ratio of 0.93. The stock has a market capitalization of $9.74 billion, a P/E ratio of -584.00 and a beta of 1.32. First Quantum Minerals has a 12-month low of $10.18 and a 12-month high of $16.23.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Tuesday, February 11th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). First Quantum Minerals had a negative return on equity of 0.15% and a net margin of 0.04%. Equities analysts predict that First Quantum Minerals will post 0.03 earnings per share for the current year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.