Barclays Upgrades First Quantum Minerals (OTCMKTS:FQVLF) to “Strong-Buy”

Barclays upgraded shares of First Quantum Minerals (OTCMKTS:FQVLF) from a hold rating to a strong-buy rating in a research note published on Tuesday,Zacks.com reports.

First Quantum Minerals Stock Down 0.4 %

First Quantum Minerals stock traded down $0.05 during mid-day trading on Tuesday, reaching $12.75. 226,348 shares of the company were exchanged, compared to its average volume of 204,196. First Quantum Minerals has a 12-month low of $6.92 and a 12-month high of $15.20. The business has a fifty day moving average of $13.09 and a 200 day moving average of $12.80. The firm has a market cap 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 quick ratio of 0.93 and a current ratio of 1.80.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings data on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.12. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%. The firm had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Research analysts anticipate that First Quantum Minerals will post -0.13 earnings per share for the current fiscal year.

First Quantum Minerals Company Profile

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.