Barclays Lowers First Quantum Minerals (OTCMKTS:FQVLF) to Underweight

First Quantum Minerals (OTCMKTS:FQVLFGet Rating) was downgraded by research analysts at Barclays from an “equal weight” rating to an “underweight” rating in a research report issued to clients and investors on Thursday, The Fly reports. They presently have a $23.00 price objective on the basic materials company’s stock. Barclays‘s price objective would suggest a potential downside of 1.46% from the stock’s current price.

Several other research firms also recently issued reports on FQVLF. JPMorgan Chase & Co. downgraded First Quantum Minerals from an “overweight” rating to an “underweight” rating in a research note on Friday, November 11th. Scotiabank dropped their price target on First Quantum Minerals from C$33.00 to C$30.00 in a research note on Thursday, October 27th. Rowe decreased their price objective on First Quantum Minerals from C$35.00 to C$31.00 and set a “buy” rating for the company in a report on Thursday, October 27th. TD Securities cut First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. Finally, Citigroup upgraded First Quantum Minerals from a “sell” rating to a “neutral” rating in a report on Wednesday. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to, the stock currently has an average rating of “Hold” and a consensus price target of $35.68.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at $23.34 on Thursday. The company has a market capitalization of $16.16 billion, a PE ratio of 13.89 and a beta of 1.92. First Quantum Minerals has a 12 month low of $14.48 and a 12 month high of $37.76. The company has a current ratio of 2.43, a quick ratio of 1.52 and a debt-to-equity ratio of 0.53. The stock’s fifty day simple moving average is $22.37 and its 200 day simple moving average is $19.35.

First Quantum Minerals (OTCMKTS:FQVLFGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The basic materials company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. First Quantum Minerals had a return on equity of 10.14% and a net margin of 14.82%. The business had revenue of $1.73 billion for the quarter. On average, research analysts predict that First Quantum Minerals will post 1.25 EPS for the current year.

First Quantum Minerals Company Profile

(Get Rating)

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, gold, silver, 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.

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