First Quantum Minerals (OTCMKTS:FQVLF) Reaches New 1-Year High – Should You Buy?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $16.23 and last traded at $14.96, with a volume of 406525 shares traded. The stock had previously closed at $15.85.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on FQVLF shares. Canaccord Genuity Group lowered First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Stifel Canada upgraded shares of First Quantum Minerals to a “hold” rating in a research report on Wednesday, March 19th. Four equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy”.

First Quantum Minerals Price Performance

The firm has a market capitalization of $12.48 billion, a P/E ratio of -748.00 and a beta of 1.49. The company has a fifty day moving average of $13.33 and a 200 day moving average of $13.30. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.08 and a quick ratio of 0.93.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $0.04 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%. Sell-side analysts predict that First Quantum Minerals Ltd. will post 0.03 earnings per share 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.