First Quantum Minerals (OTCMKTS:FQVLF) Hits New 12-Month High – Here’s What Happened

by · The Cerbat Gem

First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report)’s share price reached a new 52-week high during trading on Friday . The company traded as high as $25.2901 and last traded at $24.97, with a volume of 4074 shares changing hands. The stock had previously closed at $24.55.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Stifel Canada raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Scotiabank reissued a “sector perform” rating on shares of First Quantum Minerals in a report on Tuesday, October 28th. TD Securities reaffirmed a “hold” rating on shares of First Quantum Minerals in a report on Monday, September 29th. Raymond James Financial reiterated a “market perform” rating on shares of First Quantum Minerals in a research report on Friday, October 10th. Finally, Zacks Research cut shares of First Quantum Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy”.

Check Out Our Latest Stock Report on First Quantum Minerals

First Quantum Minerals Stock Up 0.4%

The company has a debt-to-equity ratio of 0.45, a current ratio of 1.94 and a quick ratio of 1.08. The company has a market capitalization of $20.57 billion, a PE ratio of 493.30 and a beta of 1.40. The business’s 50 day simple moving average is $21.98 and its 200 day simple moving average is $18.99.

First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.10). The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.47 billion. First Quantum Minerals had a net margin of 0.92% and a return on equity of 0.29%. As a group, analysts anticipate that First Quantum Minerals Ltd. will post 0.03 earnings per share for the current fiscal year.

About First Quantum Minerals

(Get Free Report)

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.

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