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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has been assigned an average rating of “Moderate Buy” from the twelve brokerages that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have assigned a strong buy recommendation to the company.

A number of equities research analysts have weighed in on the stock. Raymond James Financial reiterated a “market perform” rating on shares of First Quantum Minerals in a research report on Friday, October 10th. TD Securities reiterated 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 report on Wednesday, October 8th. Stifel Canada upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. Finally, Zacks Research downgraded First Quantum Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at $20.93 on Tuesday. First Quantum Minerals has a 52 week low of $10.18 and a 52 week high of $24.75. The business’s fifty day simple moving average is $21.42 and its 200-day simple moving average is $18.26. The firm has a market cap of $17.46 billion, a PE ratio of 418.68 and a beta of 1.47. The company has a quick ratio of 1.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.48.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings data on Tuesday, October 28th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). First Quantum Minerals had a return on equity of 0.29% and a net margin of 0.92%.The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.47 billion. Equities analysts forecast 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.