First Quantum Minerals (OTCMKTS:FQVLF) Upgraded at Barclays

Barclays upgraded shares of First Quantum Minerals (OTCMKTS:FQVLF) from a hold rating to a strong-buy rating in a research note issued to investors on Tuesday,Zacks.com reports.

First Quantum Minerals Stock Down 2.0 %

Shares of FQVLF stock opened at $12.50 on Tuesday. First Quantum Minerals has a 1 year low of $6.92 and a 1 year high of $15.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.80. The business’s fifty day moving average is $13.09 and its 200-day moving average is $12.80. The stock has a market cap of $10.43 billion, a PE ratio of -5.72 and a beta of 1.51.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.12. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.09 billion. Equities analysts expect that First Quantum Minerals will post -0.13 earnings per share for the current fiscal year.

About First Quantum Minerals

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.