First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Sees Significant Decline in Short Interest

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 6,707,300 shares, a decline of 6.4% from the November 15th total of 7,168,100 shares. Based on an average daily volume of 369,900 shares, the short-interest ratio is presently 18.1 days.

First Quantum Minerals Stock Performance

First Quantum Minerals stock traded down $0.54 on Monday, reaching $13.07. 88,774 shares of the stock were exchanged, compared to its average volume of 262,998. The stock has a market cap of $10.90 billion, a PE ratio of -6.10 and a beta of 1.50. The company has a current ratio of 1.80, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48. First Quantum Minerals has a twelve month low of $7.72 and a twelve month high of $15.23. The firm has a fifty day moving average price of $13.43 and a two-hundred day moving average price of $12.83.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its quarterly earnings data on Tuesday, October 22nd. The basic materials company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.02 by $0.12. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.09 billion. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%. Sell-side analysts anticipate that First Quantum Minerals will post -0.12 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Barclays upgraded shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a report on Tuesday, November 12th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, First Quantum Minerals presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

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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