First Quantum Minerals (OTCMKTS:FQVLF) Stock Rating Lowered by 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 report released on Thursday, MarketBeat.com reports.

Separately, Barclays upgraded shares of 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

First Quantum Minerals Price Performance

Shares of First Quantum Minerals stock opened at $13.16 on Thursday. The business’s 50-day moving average price is $13.42 and its 200-day moving average price is $12.92. The firm has a market capitalization of $10.97 billion, a PE ratio of -5.90, a price-to-earnings-growth ratio of 29.59 and a beta of 1.50. First Quantum Minerals has a 12 month low of $8.22 and a 12 month 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.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.12. The business had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.09 billion. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%. Sell-side analysts forecast 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.