First Quantum Minerals (OTCMKTS:FQVLF) Upgraded by Stifel Canada to “Hold” Rating

First Quantum Minerals (OTCMKTS:FQVLF) was upgraded by Stifel Canada to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

Separately, Canaccord Genuity Group downgraded First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Trading Down 3.7 %

Shares of FQVLF opened at $15.55 on Wednesday. The company has a market capitalization of $12.97 billion, a P/E ratio of -777.50 and a beta of 1.49. First Quantum Minerals has a one year low of $9.76 and a one year 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 stock has a 50-day moving average price of $13.20 and a 200 day moving average price of $13.17.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). First Quantum Minerals had a net margin of 0.04% and a negative return on equity of 0.15%. Sell-side analysts forecast 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.