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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has received a consensus recommendation of “Buy” from the twelve research firms that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation, eight have issued a buy recommendation and two have issued a strong buy recommendation on the company.

A number of research analysts have weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 8th. TD Securities raised shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, July 14th. Barclays restated an “overweight” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft upgraded First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, June 3rd. Finally, Citigroup reaffirmed a “positive” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th.

First Quantum Minerals Price Performance

OTCMKTS:FQVLF opened at $29.89 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.42 and a quick ratio of 0.86. The firm has a market cap of $24.93 billion, a price-to-earnings ratio of -271.68 and a beta of 1.36. The company has a 50 day moving average price of $28.50 and a 200-day moving average price of $27.23. First Quantum Minerals has a 1-year low of $15.60 and a 1-year high of $33.33.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its earnings results on Tuesday, July 28th. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 2.28%. The firm had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.40 billion. Equities research analysts forecast that First Quantum Minerals will post 0.29 EPS for the current year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.