First Quantum Minerals (OTCMKTS:FQVLF) Stock Rating Upgraded by Barclays

First Quantum Minerals (OTCMKTS:FQVLF) was upgraded by equities researchers at Barclays from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

First Quantum Minerals Stock Down 0.4 %

FQVLF opened at $12.75 on Tuesday. The company has a fifty day moving average price of $13.05 and a 200-day moving average price of $12.79. The firm has a market capitalization of $10.64 billion, a P/E ratio of -5.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.80 and a quick ratio of 0.93. First Quantum Minerals has a one year low of $6.92 and a one year high of $15.20.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.12. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.09 billion. Equities research analysts expect that First Quantum Minerals will post -0.13 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.