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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has been given an average rating of “Hold” by the eight research firms that are covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $21.00.

FQVLF has been the subject of several recent analyst reports. Citigroup raised First Quantum Minerals from a “neutral” rating to a “buy” rating in a research note 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

Shares of FQVLF stock opened at $13.82 on Friday. The business has a 50-day simple moving average of $11.95 and a 200-day simple moving average of $12.22. First Quantum Minerals has a 52-week low of $6.92 and a 52-week high of $23.97. The stock has a market cap of $11.53 billion, a PE ratio of -8.13 and a beta of 1.51. The company has a quick ratio of 1.32, a current ratio of 2.68 and a debt-to-equity ratio of 0.49.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings results on Tuesday, July 23rd. The basic materials company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.04 billion. First Quantum Minerals had a negative return on equity of 0.57% and a negative net margin of 24.07%. On average, equities analysts expect that First Quantum Minerals will post -0.25 EPS 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.