First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives $21.00 Consensus Price Target from Brokerages

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $21.00.

FQVLF has been the topic of a number of research reports. Citigroup upgraded First Quantum Minerals from a “neutral” rating to a “buy” rating in a report on Thursday, June 20th. The Goldman Sachs Group initiated coverage on First Quantum Minerals in a report on Tuesday, May 21st. They issued a “buy” rating on the stock. Morgan Stanley downgraded First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a report on Monday, July 8th. Finally, BMO Capital Markets downgraded First Quantum Minerals from an “outperform” rating to a “market perform” rating in a report on Tuesday, May 21st.

First Quantum Minerals Price Performance

Shares of First Quantum Minerals stock opened at $12.60 on Monday. 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 company’s 50-day moving average price is $12.51 and its two-hundred day moving average price is $11.91. First Quantum Minerals has a 52 week low of $6.92 and a 52 week high of $27.32. The stock has a market cap of $10.51 billion, a PE ratio of -7.41 and a beta of 1.57.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings results on Tuesday, July 23rd. The basic materials company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 0.57%. The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.04 billion. As a group, sell-side analysts anticipate that First Quantum Minerals will post -0.23 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.