Analysts Set First Quantum Minerals Ltd. (OTCMKTS:FQVLF) PT at $21.00

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have received an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $21.00.

A number of equities analysts have issued reports on FQVLF shares. Citigroup upgraded First Quantum Minerals from a “neutral” rating to a “buy” rating in a research report on Thursday, June 20th. Morgan Stanley lowered First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 8th.

First Quantum Minerals Stock Performance

FQVLF opened at $14.37 on Friday. The firm has a fifty day moving average price of $11.97 and a 200 day moving average price of $12.24. First Quantum Minerals has a 1 year low of $6.92 and a 1 year high of $23.97. The stock has a market cap of $11.99 billion, a P/E ratio of -8.46 and a beta of 1.51. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.68 and a quick ratio of 1.32.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings data on Tuesday, July 23rd. The basic materials company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.04 billion. Equities research analysts anticipate that First Quantum Minerals will post -0.28 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.