First Quantum Minerals Limited (FQVLF) Receives Average Rating of “Hold” from Brokerages

First Quantum Minerals Limited (OTCMKTS:FQVLF) has received a consensus recommendation of “Hold” from the eleven analysts that are covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company.

Several brokerages have recently weighed in on FQVLF. BMO Capital Markets reiterated a “buy” rating on shares of First Quantum Minerals in a research note on Thursday, May 23rd. TD Securities downgraded shares of First Quantum Minerals to a “buy” rating in a research note on Thursday, May 23rd. JPMorgan Chase & Co. downgraded shares of First Quantum Minerals from an “overweight” rating to a “neutral” rating in a research note on Friday, April 5th. Deutsche Bank reiterated a “buy” rating on shares of First Quantum Minerals in a research note on Tuesday, March 26th. Finally, Macquarie downgraded shares of First Quantum Minerals from an “outperform” rating to an “underperform” rating in a research note on Friday, April 12th.

OTCMKTS FQVLF traded up $0.06 during trading hours on Thursday, hitting $7.72. The company had a trading volume of 6,500 shares, compared to its average volume of 21,061. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.26. First Quantum Minerals has a 1-year low of $7.10 and a 1-year high of $17.74. The company has a market capitalization of $5.32 billion, a PE ratio of 9.12 and a beta of 3.21.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings data on Monday, April 29th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter. First Quantum Minerals had a net margin of 11.35% and a return on equity of 5.54%. The company had revenue of $857.00 million during the quarter.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.

See Also: Cost of Debt

Analyst Recommendations for First Quantum Minerals (OTCMKTS:FQVLF)

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