First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives Average “Buy” Rating from Brokerages

The shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Rating) have been assigned an average rating of “Buy” by the nineteen rating agencies that currently cover the company, MarketBeat reports. Four equity research analysts rated the stock with a hold recommendation and five gave the company a buy recommendation. The 12-month average target price among analysts who have covered the stock over the past year is $41.39.

FQVLF has been the subject of several recent research reports. BMO Capital Markets launched a hedge on the shares of First Quantum Minerals in a research report on Tuesday, March 29. They set a “hold” rating and a target price of $37.00 for the company. Deutsche Bank Aktiengesellschaft raised its price target on shares of First Quantum Minerals from C$38.00 to C$40.00 in a Thursday, March 10 research report. Barclays raised its price target on shares of First Quantum Minerals from C$23.00 to C$27.00 in a research report Thursday, April 21. Royal Bank of Canada cut its price target on First Quantum Minerals shares from C$43.00 to C$42.00 in a Thursday, April 28 research report. Finally, CIBC raised its price target on shares of First Quantum Minerals from C$40.00 to C$42.50 in a Monday, May 2 research report.

Shares of OTCMKTS FQVLF opened at $25.55 on Monday. The company’s 50-day moving average price is $31.21 and its 200-day moving average price is $26.72. First Quantum Minerals has a 1-year low of $16.19 and a 1-year high of $37.76. The company has a market capitalization of $17.68 billion, a P/E ratio of 16.38, a P/E/G ratio of 3.68 and a beta of 2.01. The company has a current ratio of 2.34, a quick ratio of 1.56 and a debt ratio of 0.66.

First Quantum Minerals (OTCMKTS:FQVLF – Get Rating) last released its results on Tuesday, February 15. The basic materials company reported EPS of $0.44 for the quarter. The company had revenue of $2.06 billion in the quarter. First Quantum Minerals posted a net margin of 13.65% and a return on equity of 10.16%. Equity research analysts expect First Quantum Minerals to post EPS of 3.04 for the current year.

The company also recently declared a dividend, which was paid on Friday, May 6. Investors of record on Thursday, April 14 received a dividend of $0.0039 per share. This represents a dividend yield of 0.02%. The ex-dividend date was Wednesday, April 13. First Quantum Minerals’ payout ratio is currently 0.64%.

First Quantum Minerals Company Profile (Get an evaluation)

First Quantum Minerals Ltd., together with its subsidiaries, is engaged in the exploration, development and production of mineral properties. It mainly explores copper, nickel, pyrite, gold, silver 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.

Further reading

Analyst Recommendations for First Quantum Minerals (OTCMKTS: FQVLF)

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