First Quantum Minerals (OTCMKTS:FQVLF) Upgraded by Stifel Canada to "Strong-Buy" Rating

Key Points

• First Quantum Minerals was upgraded by Stifel Canada from a "hold" rating to a "strong-buy" rating, indicating a positive sentiment from analysts regarding the stock's potential.
• The company has a market cap of $17.74 billion, with a price-to-earnings ratio of 88.63 and a current stock price of $21.27.
• Quarterly earnings showed a profit of $0.02 EPS, exceeding the consensus estimate, with revenues of $1.23 billion surpassing forecasts.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) was upgraded by stock analysts at Stifel Canada from a "hold" rating to a "strong-buy" rating in a note issued to investors on Tuesday,Zacks.com reports.

A number of other equities analysts also recently commented on FQVLF. Citigroup reiterated a "buy" rating on shares of First Quantum Minerals in a research note on Wednesday, October 8th. TD Securities reiterated a "hold" rating on shares of First Quantum Minerals in a research note on Monday, September 29th. Barclays reiterated an "overweight" rating on shares of First Quantum Minerals in a research note on Monday, July 28th. Scotiabank reiterated a "sector perform" rating on shares of First Quantum Minerals in a research note on Tuesday, July 8th. Finally, Royal Bank Of Canada reiterated an "outperform" rating on shares of First Quantum Minerals in a research note on Friday, July 25th. Four investment analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, First Quantum Minerals currently has a consensus rating of "Buy".

First Quantum Minerals Stock Performance

OTCMKTS:FQVLF opened at $21.27 on Tuesday. The company has a fifty day simple moving average of $19.74 and a two-hundred day simple moving average of $16.76. The company has a market cap of $17.74 billion, a price-to-earnings ratio of 88.63 and a beta of 1.36. The company has a quick ratio of 1.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.48. First Quantum Minerals has a 52 week low of $10.18 and a 52 week high of $24.75.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.03) by $0.05. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.06 billion. First Quantum Minerals had a net margin of 4.08% and a return on equity of 1.44%. As a group, equities analysts anticipate 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.

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