First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives $16.00 Consensus Target Price from Brokerages

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have earned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $16.00.

A number of research analysts recently commented on the stock. Barclays raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th.

First Quantum Minerals Stock Performance

Shares of FQVLF opened at $13.21 on Wednesday. The company’s 50 day moving average price is $13.33 and its 200 day moving average price is $12.87. First Quantum Minerals has a 52 week low of $8.22 and a 52 week high of $15.23. The company has a market capitalization of $11.02 billion, a PE ratio of -5.92, a PEG ratio of 49.30 and a beta of 1.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.80.

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.