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

First Quantum Minerals (OTCMKTS:FQVLF) was downgraded by analysts at Canaccord Genuity Group from a “buy” rating to a “hold” rating in a note issued to investors on Thursday,Briefing.com Automated Import reports.

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

First Quantum Minerals Stock Performance

Shares of OTCMKTS:FQVLF opened at $13.60 on Thursday. The stock has a market capitalization of $11.35 billion, a P/E ratio of -6.10, a P/E/G ratio of 29.59 and a beta of 1.50. First Quantum Minerals has a 1-year low of $8.22 and a 1-year 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. The business has a 50-day moving average price of $13.46 and a two-hundred day moving average price of $12.92.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.09 billion. Equities analysts predict that First Quantum Minerals will post -0.07 earnings per share for the current 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.