First Quantum Minerals (OTCMKTS:FQVLF) Downgraded to “Hold” Rating by Zacks Research

Zacks Research cut shares of First Quantum Minerals (OTCMKTS:FQVLF) from a strong-buy rating to a hold rating in a report released on Tuesday,Zacks.com reports.

Several other analysts have also recently issued reports on the company. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of First Quantum Minerals in a research report on Friday, July 25th. National Bankshares reaffirmed an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday, August 13th. Barclays reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research report on Monday, July 28th. BMO Capital Markets reaffirmed an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday, October 29th. Finally, Stifel Canada upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Stock Performance

Shares of FQVLF opened at $20.15 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.00 and a quick ratio of 1.00. First Quantum Minerals has a one year low of $10.18 and a one year high of $24.75. The firm has a market capitalization of $16.81 billion, a P/E ratio of 403.16 and a beta of 1.36. The business has a fifty day moving average of $20.67 and a 200 day moving average of $17.53.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings data on Tuesday, October 28th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.47 billion. First Quantum Minerals had a return on equity of 0.29% and a net margin of 0.92%. As a group, sell-side analysts anticipate 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.