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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has been given an average rating of “Buy” by the twelve research firms that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating on the company.

Several research firms recently issued reports on FQVLF. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. TD Securities raised First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, July 14th. Citigroup restated a “positive” rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Wednesday, June 3rd. Finally, Scotiabank reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Monday, June 15th.

First Quantum Minerals Stock Performance

Shares of FQVLF stock opened at $29.88 on Friday. The business’s fifty day simple moving average is $28.53 and its 200-day simple moving average is $27.24. First Quantum Minerals has a 12-month low of $15.60 and a 12-month high of $33.33. The company has a market cap of $24.93 billion, a PE ratio of -271.64 and a beta of 1.36. The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings results on Tuesday, July 28th. The basic materials company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 2.28%. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.40 billion. Analysts expect that First Quantum Minerals will post 0.29 earnings per share 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.