First Quantum Minerals (OTCMKTS:FQVLF) Upgraded at Stifel Canada

First Quantum Minerals (OTCMKTS:FQVLF) was upgraded by equities research analysts at Stifel Canada from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

FQVLF has been the subject of several other reports. Raymond James Financial reissued a “market perform” rating on shares of First Quantum Minerals in a report on Friday, October 10th. Zacks Research raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Monday, October 6th. Citigroup reissued a “buy” rating on shares of First Quantum Minerals in a report on Wednesday, October 8th. Scotiabank reissued a “sector perform” rating on shares of First Quantum Minerals in a report on Tuesday, July 8th. Finally, National Bankshares reissued an “outperform” rating on shares of First Quantum Minerals in a report on Wednesday, August 13th. Four equities research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, First Quantum Minerals currently has an average rating of “Buy”.

First Quantum Minerals Price Performance

Shares of OTCMKTS:FQVLF opened at $21.27 on Tuesday. The company has a 50-day simple moving average of $19.74 and a 200-day simple moving average of $16.76. First Quantum Minerals has a one year low of $10.18 and a one year high of $24.75. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.00 and a current ratio of 2.00. The stock has a market capitalization of $17.74 billion, a price-to-earnings ratio of 88.63 and a beta of 1.36.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results on Wednesday, July 23rd. The basic materials company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.05. First Quantum Minerals had a net margin of 4.08% and a return on equity of 1.44%. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.06 billion. On average, analysts predict that First Quantum Minerals will post 0.03 EPS for the current 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.