Analysts Set First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Price Target at $16.00

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have received an average rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $16.00.

Separately, Barclays upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th.

First Quantum Minerals Price Performance

Shares of OTCMKTS:FQVLF opened at $13.64 on Friday. The company has a 50 day moving average of $13.29 and a 200 day moving average of $12.79. The company has a current ratio of 1.80, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48. The stock has a market cap of $11.38 billion, a P/E ratio of -6.12 and a beta of 1.51. First Quantum Minerals has a 12 month low of $6.92 and a 12 month high of $15.20.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.12. The firm had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.09 billion. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%. As a group, sell-side analysts forecast that First Quantum Minerals will post -0.13 EPS for the current fiscal 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.