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

First Quantum Minerals (OTCMKTS:FQVLF) was downgraded by research 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 upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, First Quantum Minerals presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

First Quantum Minerals Stock Performance

FQVLF opened at $13.60 on Thursday. The business’s fifty day moving average is $13.46 and its 200-day moving average is $12.92. The firm has a market cap of $11.35 billion, a P/E ratio of -6.10, a price-to-earnings-growth ratio of 29.59 and a beta of 1.50. 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 has a 52-week low of $8.22 and a 52-week high of $15.23.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings data on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share for the quarter, beating 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 business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.09 billion. Sell-side analysts expect that First Quantum Minerals will post -0.07 EPS 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.