First Quantum Minerals (OTCMKTS:FQVLF) Sets New 52-Week High – Should You Buy?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) shares reached a new 52-week high on Tuesday . The stock traded as high as $15.30 and last traded at $15.18, with a volume of 162039 shares traded. The stock had previously closed at $14.78.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FQVLF. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Stifel Canada raised First Quantum Minerals to a “hold” rating in a research note on Wednesday. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $16.00.

First Quantum Minerals Stock Down 3.7 %

The stock has a market capitalization of $12.97 billion, a price-to-earnings ratio of -777.50 and a beta of 1.49. The company has a quick ratio of 0.93, a current ratio of 2.08 and a debt-to-equity ratio of 0.49. The business’s 50-day moving average is $13.17 and its two-hundred day moving average is $13.16.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). First Quantum Minerals had a negative return on equity of 0.15% and a net margin of 0.04%. Equities analysts anticipate that First Quantum Minerals Ltd. will post 0.03 EPS 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.