First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Given Average Rating of “Hold” by Brokerages

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has earned an average rating of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $21.00.

Several equities research analysts have recently weighed in on the stock. Morgan Stanley cut shares of First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 8th. Citigroup upgraded shares of First Quantum Minerals from a “neutral” rating to a “buy” rating in a research note on Thursday, June 20th.

First Quantum Minerals Price Performance

FQVLF stock opened at $13.82 on Friday. The stock has a 50-day moving average price of $11.95 and a two-hundred day moving average price of $12.22. First Quantum Minerals has a 1 year low of $6.92 and a 1 year high of $23.97. The company has a current ratio of 2.68, a quick ratio of 1.32 and a debt-to-equity ratio of 0.49. The stock has a market cap of $11.53 billion, a PE ratio of -8.13 and a beta of 1.51.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings data on Tuesday, July 23rd. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. First Quantum Minerals had a negative return on equity of 0.57% and a negative net margin of 24.07%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Equities analysts forecast that First Quantum Minerals will post -0.25 EPS for the current fiscal year.

About First Quantum Minerals

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.