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 fourteen research firms that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and two have given a strong buy rating to the company.

Several research analysts have recently weighed in on FQVLF shares. Deutsche Bank Aktiengesellschaft lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, November 26th. BMO Capital Markets reiterated an “outperform” rating on shares of First Quantum Minerals in a report on Wednesday, October 29th. Scotiabank restated a “sector perform” rating on shares of First Quantum Minerals in a research note on Tuesday, October 28th. Morgan Stanley reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research report on Tuesday. Finally, Stifel Canada raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st.

First Quantum Minerals Trading Up 2.8%

Shares of First Quantum Minerals stock opened at $25.57 on Friday. The stock has a market cap of $21.33 billion, a P/E ratio of 511.40 and a beta of 1.40. The company has a quick ratio of 1.08, a current ratio of 1.94 and a debt-to-equity ratio of 0.45. First Quantum Minerals has a 12-month low of $10.18 and a 12-month high of $25.67. The business’s 50 day moving average is $22.19 and its 200-day moving average is $19.40.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Tuesday, October 28th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.10). First Quantum Minerals had a net margin of 0.92% and a return on equity of 0.29%. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.47 billion. Equities research analysts predict that First Quantum Minerals will post 0.03 earnings per share for the current fiscal 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.