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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $16.23 and last traded at $14.96, with a volume of 406525 shares. The stock had previously closed at $15.85.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on FQVLF. Stifel Canada raised First Quantum Minerals to a “hold” rating in a report on Wednesday, March 19th. Canaccord Genuity Group downgraded First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Price Performance

The firm has a market cap of $11.39 billion, a PE ratio of -682.85 and a beta of 1.49. The stock has a 50 day simple moving average of $13.39 and a 200-day simple moving average of $13.32. The company has a current ratio of 2.08, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49.

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