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

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

Separately, Canaccord Genuity Group cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, First Quantum Minerals currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

First Quantum Minerals Stock Up 6.4 %

Shares of OTCMKTS:FQVLF opened at $16.15 on Wednesday. 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 firm has a market capitalization of $13.47 billion, a PE ratio of -807.50 and a beta of 1.49. The firm has a fifty day moving average of $13.17 and a 200 day moving average of $13.16. First Quantum Minerals has a 52-week low of $9.76 and a 52-week high of $16.22.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Tuesday, February 11th. The basic materials company reported $0.04 earnings per share 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%. As a group, research analysts anticipate 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.