Brokerages Set First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Target Price at $21.00

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have earned a consensus rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $21.00.

A number of research analysts have issued reports on FQVLF shares. Morgan Stanley lowered shares of First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 8th. Citigroup upgraded First Quantum Minerals from a “neutral” rating to a “buy” rating in a research note on Thursday, June 20th.

First Quantum Minerals Trading Up 5.4 %

OTCMKTS:FQVLF opened at $14.37 on Friday. The firm has a 50 day moving average of $11.97 and a 200 day moving average of $12.24. The company has a quick ratio of 1.32, a current ratio of 2.68 and a debt-to-equity ratio of 0.49. First Quantum Minerals has a 52 week low of $6.92 and a 52 week high of $23.97. The stock has a market capitalization of $11.99 billion, a price-to-earnings ratio of -8.46 and a beta of 1.51.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results on Tuesday, July 23rd. The basic materials company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.04) by $0.02. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.04 billion. First Quantum Minerals had a negative return on equity of 0.57% and a negative net margin of 24.07%. As a group, sell-side analysts anticipate that First Quantum Minerals will post -0.28 earnings per share for the current fiscal 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.