First Quantum Minerals (OTCMKTS:FQVLF) Raised to Strong-Buy at BMO Capital Markets

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) was upgraded by research analysts at BMO Capital Markets to a "strong-buy" rating in a report released on Tuesday, April 15th,Zacks.com reports.

Other equities analysts have also issued reports about the stock. Stifel Canada raised shares of First Quantum Minerals to a "hold" rating in a report on Wednesday, March 19th. Canaccord Genuity Group lowered shares of First Quantum Minerals from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. National Bankshares restated an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, April 2nd. Finally, Desjardins began coverage on First Quantum Minerals in a research note on Friday, April 4th. They issued a "hold" rating for the company. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

First Quantum Minerals Stock Down 3.9 %

OTCMKTS:FQVLF traded down $0.47 during mid-day trading on Tuesday, hitting $11.48. 166,062 shares of the company's stock traded hands, compared to its average volume of 208,917. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 2.08. The company has a market capitalization of $9.58 billion, a P/E ratio of -574.00 and a beta of 1.32. The company has a fifty day moving average of $13.00 and a 200 day moving average of $13.20. First Quantum Minerals has a twelve month low of $10.18 and a twelve month high of $16.23.

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