First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Receives $31.00 Average PT from Brokerages

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLFGet Rating) have earned a consensus recommendation of “Moderate Buy” from the seventeen research firms that are currently covering the company, reports. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.00.

A number of analysts have weighed in on the stock. Scotiabank raised their price objective on shares of First Quantum Minerals from C$40.00 to C$41.00 in a research note on Tuesday, April 18th. JPMorgan Chase & Co. upgraded shares of First Quantum Minerals from an “underweight” rating to a “neutral” rating in a research note on Thursday, March 9th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of First Quantum Minerals from C$33.00 to C$35.00 in a research note on Wednesday, March 1st. TD Securities upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, April 26th. Finally, National Bank Financial upgraded shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a research report on Thursday, April 27th.

First Quantum Minerals Trading Down 0.1 %

Shares of OTCMKTS FQVLF opened at $21.70 on Friday. First Quantum Minerals has a 1 year low of $14.48 and a 1 year high of $31.06. The stock has a market cap of $15.03 billion, a P/E ratio of 20.87, a price-to-earnings-growth ratio of 5.96 and a beta of 1.95. The firm has a 50-day moving average of $23.58 and a 200 day moving average of $22.41. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.40 and a quick ratio of 1.56.

First Quantum Minerals (OTCMKTS:FQVLFGet Rating) last issued its quarterly earnings results on Tuesday, April 25th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.07. First Quantum Minerals had a net margin of 10.31% and a return on equity of 5.36%. The company had revenue of $1.56 billion during the quarter. As a group, sell-side analysts expect that First Quantum Minerals will post 1.2 EPS for the current fiscal year.

First Quantum Minerals Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, May 8th. Shareholders of record on Monday, April 17th were given a dividend of $0.0969 per share. This represents a yield of 0.89%. The ex-dividend date was Friday, April 14th. First Quantum Minerals’s dividend payout ratio (DPR) is 18.27%.

About First Quantum Minerals

(Get Rating)

First Quantum Minerals Ltd. engages in the production, exploration and development of copper, nickel, gold, zinc and acid, and related activities. It operates through the following segments: Kansanshi, Sentinel, Cobre Panama, Las Cruces, Guelb Moghrein, Çayeli, Pyhäsalmi, Ravensthorpe, and Corporate and Other.

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Analyst Recommendations for First Quantum Minerals (OTCMKTS:FQVLF)

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