First Quantum Minerals (OTCMKTS:FQVLF) Sets New 1-Year High – Time to Buy?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) hit a new 52-week high during trading on Friday . The stock traded as high as $25.6735 and last traded at $25.6735, with a volume of 1645 shares. The stock had previously closed at $24.86.

Wall Street Analysts Forecast Growth

Several research firms have commented on FQVLF. Deutsche Bank Aktiengesellschaft downgraded First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Zacks Research lowered First Quantum Minerals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Citigroup reissued a “buy” rating on shares of First Quantum Minerals in a research note on Wednesday, October 8th. Raymond James Financial restated a “market perform” rating on shares of First Quantum Minerals in a research report on Friday, October 10th. Finally, TD Securities reiterated a “hold” rating on shares of First Quantum Minerals in a report on Monday, September 29th. Two investment analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy”.

First Quantum Minerals Stock Up 2.1%

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’s 50-day simple moving average is $22.13 and its 200 day simple moving average is $19.32. The firm has a market cap of $21.18 billion, a P/E ratio of 507.90 and a beta of 1.40.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data 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 return on equity of 0.29% and a net margin of 0.92%.The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.47 billion. As a group, research analysts forecast that First Quantum Minerals Ltd. will post 0.03 EPS for the current fiscal 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.