First Quantum Minerals (OTCMKTS:FQVLF) Reaches New 52-Week High – Still a Buy?

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) reached a new 52-week high during trading on Tuesday . The company traded as high as $15.30 and last traded at $15.18, with a volume of 162039 shares. The stock had previously closed at $14.78.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, First Quantum Minerals has an average rating of “Moderate Buy” and an average price target of $16.00.

First Quantum Minerals Trading Up 2.7 %

The business’s fifty day moving average is $13.10 and its 200-day moving average is $13.12. The firm has a market cap of $12.66 billion, a P/E ratio of -759.00 and a beta of 1.49. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 2.08.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). First Quantum Minerals had a net margin of 0.04% and a negative return on equity of 0.15%. Analysts predict that First Quantum Minerals Ltd. will post 0.03 EPS for the current 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.