Analysts Set First Quantum Minerals Ltd. (OTCMKTS:FQVLF) PT at $16.00

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $16.00.

FQVLF has been the topic of several analyst reports. Canaccord Genuity Group lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Barclays upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th.

First Quantum Minerals Stock Performance

Shares of FQVLF stock opened at $12.67 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.80. First Quantum Minerals has a one year low of $8.22 and a one year high of $15.23. The company’s 50-day simple moving average is $13.36 and its 200-day simple moving average is $12.87. The stock has a market capitalization of $10.57 billion, a price-to-earnings ratio of -5.68, a PEG ratio of 43.12 and a beta of 1.50.

First Quantum Minerals Company Profile

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.