First Quantum Minerals (OTCMKTS:FQVLF) Coverage Initiated by Analysts at Desjardins

Desjardins assumed coverage on shares of First Quantum Minerals (OTCMKTS:FQVLF) in a report published on Friday, MarketBeat Ratings reports. The firm issued a hold rating on the basic materials company’s stock.

A number of other research analysts also recently issued reports on FQVLF. Stifel Canada upgraded shares of First Quantum Minerals to a “hold” rating in a research report on Wednesday, March 19th. Canaccord Genuity Group cut shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

First Quantum Minerals Stock Performance

Shares of OTCMKTS:FQVLF opened at $11.21 on Friday. The business has a fifty day moving average of $13.39 and a 200-day moving average of $13.39. The firm has a market cap of $9.35 billion, a PE ratio of -560.50 and a beta of 1.32. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 2.08. First Quantum Minerals has a twelve month low of $10.23 and a twelve month high of $16.23.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its 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 negative return on equity of 0.15% and a net margin of 0.04%. On average, equities research analysts predict that First Quantum Minerals will post 0.03 EPS 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.