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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLFGet Free Report) have earned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $16.00.

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

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First Quantum Minerals Price Performance

OTCMKTS FQVLF opened at $13.61 on Friday. 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 company has a market cap of $11.35 billion, a PE ratio of -6.10 and a beta of 1.50. First Quantum Minerals has a 52 week low of $8.22 and a 52 week high of $15.23. The firm’s 50-day simple moving average is $13.38 and its two-hundred day simple moving average is $12.90.

First Quantum Minerals (OTCMKTS:FQVLFGet Free Report) last announced its quarterly earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.12. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.09 billion. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%. Research analysts predict that First Quantum Minerals will post -0.12 earnings per share for the current year.

First Quantum Minerals Company Profile

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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.

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Analyst Recommendations for First Quantum Minerals (OTCMKTS:FQVLF)

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