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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has earned an average rating of “Buy” from the eleven ratings firms that are covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and two have assigned a strong buy recommendation to the company.

Several research firms have recently issued reports on FQVLF. Scotiabank reaffirmed an “outperform” rating on shares of First Quantum Minerals in a research note on Monday, June 15th. TD Securities upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, July 14th. Barclays restated an “overweight” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Citigroup reiterated a “positive” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Finally, Morgan Stanley reissued an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 8th.

First Quantum Minerals Stock Down 1.6%

Shares of OTCMKTS:FQVLF opened at $34.30 on Thursday. First Quantum Minerals has a 1-year low of $16.80 and a 1-year high of $35.48. 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 stock has a market cap of $28.61 billion, a P/E ratio of -311.82 and a beta of 1.36. The firm has a fifty day moving average price of $29.14 and a 200 day moving average price of $27.67.

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

About First Quantum Minerals

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.