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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) has been assigned an average rating of “Moderate Buy” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $16.00.

Separately, Barclays upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

First Quantum Minerals Stock Performance

OTCMKTS FQVLF opened at $13.86 on Friday. The firm has a market cap of $11.56 billion, a P/E ratio of -6.22 and a beta of 1.50. 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’s 50 day moving average is $13.42 and its 200-day moving average is $12.93. First Quantum Minerals has a 12-month low of $8.22 and a 12-month high of $15.23.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.12. The business 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%. Sell-side analysts predict 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.