First Quantum Minerals (OTCMKTS:FQVLF) Upgraded by Stifel Canada to Hold Rating

Stifel Canada upgraded shares of First Quantum Minerals (OTCMKTS:FQVLF) to a hold rating in a research report report published on Wednesday morning,Zacks.com reports.

Separately, Canaccord Genuity Group lowered First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $16.00.

First Quantum Minerals Price Performance

Shares of FQVLF opened at $16.15 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 2.08. The stock has a 50 day simple moving average of $13.17 and a 200 day simple moving average of $13.16. First Quantum Minerals has a 52-week low of $9.76 and a 52-week high of $16.22. The firm has a market capitalization of $13.47 billion, a PE ratio of -807.50 and a beta of 1.49.

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 (EPS) for the quarter, missing the consensus estimate 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%. Sell-side analysts predict that First Quantum Minerals will post 0.03 EPS for the current fiscal year.

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.