Canaccord Genuity Group Upgrades First Quantum Minerals (OTCMKTS:FQVLF) to Strong-Buy

Canaccord Genuity Group upgraded shares of First Quantum Minerals (OTCMKTS:FQVLF - Free Report) from a hold rating to a strong-buy rating in a research note issued to investors on Wednesday, April 16th,Zacks.com reports.

FQVLF has been the topic of a number of other reports. Desjardins initiated coverage on First Quantum Minerals in a report on Friday, April 4th. They issued a "hold" rating on the stock. National Bankshares reaffirmed an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, April 2nd. Stifel Canada upgraded First Quantum Minerals to a "hold" rating in a report on Wednesday, March 19th. Finally, BMO Capital Markets upgraded First Quantum Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy".

First Quantum Minerals Trading Up 5.3 %

Shares of OTCMKTS FQVLF traded up $0.61 on Wednesday, reaching $12.09. 263,855 shares of the company traded hands, compared to its average volume of 209,280. The stock has a market capitalization of $10.09 billion, a PE ratio of -604.50 and a beta of 1.32. First Quantum Minerals has a fifty-two week low of $10.18 and a fifty-two week high of $16.23. The company has a current ratio of 2.08, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $12.96 and a 200 day moving average of $13.19.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). First Quantum Minerals had a net margin of 0.04% and a negative return on equity of 0.15%. On average, equities research analysts forecast that First Quantum Minerals will post 0.03 earnings per share 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.