First Quantum Minerals (OTCMKTS:FQVLF) Cut to “Hold” at Canaccord Genuity Group

Canaccord Genuity Group cut shares of First Quantum Minerals (OTCMKTS:FQVLF) from a buy rating to a hold rating in a research report sent to investors on Thursday, Marketbeat Ratings reports.

Separately, Barclays raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

First Quantum Minerals Stock Up 1.3 %

Shares of FQVLF opened at $13.16 on Thursday. The business’s 50 day moving average is $13.42 and its 200 day moving average is $12.92. The company has a market capitalization of $10.97 billion, a PE ratio of -5.90, a price-to-earnings-growth ratio of 29.59 and a beta of 1.50. First Quantum Minerals has a 12-month low of $8.22 and a 12-month high of $15.23. The company has a current ratio of 1.80, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.12. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.09 billion. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%. Research analysts expect that First Quantum Minerals will post -0.07 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.