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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has earned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $16.00.

A number of equities research analysts recently commented on FQVLF shares. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Barclays upgraded 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 FQVLF stock opened at $12.67 on Wednesday. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of -5.68, a PEG ratio of 43.12 and a beta of 1.50. First Quantum Minerals has a 12 month low of $8.22 and a 12 month high of $15.23. The company has a quick ratio of 0.93, a current ratio of 1.80 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $13.38 and a 200 day moving average price of $12.87.

About First Quantum Minerals

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.