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

Stifel Canada upgraded shares of First Quantum Minerals (OTCMKTS:FQVLF) to a hold rating in a research note issued to investors on Wednesday,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 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 company. According to data from MarketBeat.com, First Quantum Minerals has an average rating of “Moderate Buy” and an average target price of $16.00.

First Quantum Minerals Stock Performance

FQVLF opened at $16.15 on Wednesday. The firm has a market cap of $13.47 billion, a P/E ratio of -807.50 and a beta of 1.49. First Quantum Minerals has a 52-week low of $9.76 and a 52-week high of $16.22. 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 business’s fifty day moving average is $13.17 and its 200-day moving average is $13.16.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results 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 negative return on equity of 0.15% and a net margin of 0.04%. Sell-side analysts expect that First Quantum Minerals will post 0.03 EPS 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.