First Quantum Minerals (OTCMKTS:FQVLF) Raised to Strong-Buy at UBS Group

First Quantum Minerals (OTCMKTS:FQVLF) was upgraded by equities researchers at UBS Group from a “hold” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

FQVLF has been the subject of several other research reports. Deutsche Bank Aktiengesellschaft cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Morgan Stanley restated an “overweight” rating on shares of First Quantum Minerals in a research report on Tuesday, December 16th. Raymond James Financial reaffirmed a “market perform” rating on shares of First Quantum Minerals in a report on Wednesday, January 14th. TD Securities reiterated a “hold” rating on shares of First Quantum Minerals in a research report on Thursday, February 12th. Finally, Scotiabank reiterated an “outperform” rating on shares of First Quantum Minerals in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, First Quantum Minerals presently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Stock Performance

Shares of OTCMKTS FQVLF opened at $23.56 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.94 and a quick ratio of 1.08. The stock’s fifty day moving average price is $27.96 and its two-hundred day moving average price is $23.98. First Quantum Minerals has a one year low of $10.18 and a one year high of $33.30. The firm has a market cap of $19.65 billion, a price-to-earnings ratio of -589.00 and a beta of 1.27.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data on Tuesday, February 10th. The basic materials company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.05). The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.33 billion. First Quantum Minerals had a positive return on equity of 0.07% and a negative net margin of 0.53%. On average, equities analysts forecast that First Quantum Minerals will post 0.03 EPS for the current year.

About First Quantum Minerals

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.