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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have been assigned an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat.com reports. Five 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 objective among analysts that have issued a report on the stock in the last year is $21.00.

Several brokerages have issued reports on FQVLF. BMO Capital Markets lowered First Quantum Minerals from an “outperform” rating to a “market perform” rating in a research report on Tuesday, May 21st. Morgan Stanley downgraded First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 8th. Citigroup raised First Quantum Minerals from a “neutral” rating to a “buy” rating in a research report on Thursday, June 20th. Finally, The Goldman Sachs Group began coverage on First Quantum Minerals in a research report on Tuesday, May 21st. They set a “buy” rating on the stock.

First Quantum Minerals Trading Down 3.3 %

FQVLF opened at $10.80 on Thursday. First Quantum Minerals has a one year low of $6.92 and a one year high of $28.55. The business has a 50 day simple moving average of $12.70 and a two-hundred day simple moving average of $11.53. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.68 and a quick ratio of 1.32. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of -6.35 and a beta of 1.57.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its earnings results on Tuesday, July 23rd. The basic materials company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.04) by $0.02. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.04 billion. First Quantum Minerals had a negative return on equity of 0.57% and a negative net margin of 24.07%. Analysts predict that First Quantum Minerals will post -0.23 EPS for the current 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.