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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has earned an average recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have issued a strong buy recommendation on the company.

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

First Quantum Minerals Price Performance

OTCMKTS FQVLF opened at $27.58 on Thursday. The company has a quick ratio of 1.08, a current ratio of 1.94 and a debt-to-equity ratio of 0.45. The stock has a market capitalization of $23.01 billion, a PE ratio of -689.50 and a beta of 1.27. First Quantum Minerals has a 12-month low of $10.18 and a 12-month high of $33.30. The company has a 50 day moving average price of $28.31 and a two-hundred day moving average price of $23.65.

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