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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat 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 1-year target price among analysts that have issued a report on 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 Stock Performance

Shares of OTCMKTS FQVLF opened at $13.72 on Tuesday. 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 firm’s 50-day moving average price is $13.43 and its two-hundred day moving average price is $12.82. First Quantum Minerals has a 52-week low of $6.92 and a 52-week high of $15.23. The stock has a market capitalization of $11.44 billion, a P/E ratio of -6.40 and a beta of 1.50.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.12. The business had revenue of $1.28 billion for the quarter, compared to the consensus estimate 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 -0.12 earnings per share for the current year.

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.