First Quantum Minerals (OTCMKTS:FQVLF) Cut to Hold at Canaccord Genuity Group

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) was downgraded by analysts at Canaccord Genuity Group from a "buy" rating to a "hold" rating in a research report issued on Thursday, Marketbeat.com reports.

Separately, Barclays raised shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 12th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.00.

First Quantum Minerals Trading Down 4.5 %

Shares of OTCMKTS:FQVLF traded down $0.61 on Thursday, hitting $12.99. The company had a trading volume of 150,151 shares, compared to its average volume of 230,635. The firm's 50-day simple moving average is $13.46 and its two-hundred day simple moving average is $12.93. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of -5.83, a P/E/G ratio of 29.59 and a beta of 1.50. The company has a quick ratio of 0.93, a current ratio of 1.80 and a debt-to-equity ratio of 0.48. First Quantum Minerals has a 1 year low of $8.22 and a 1 year high of $15.23.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The basic materials company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.02 by $0.12. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%. The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.09 billion. Equities analysts anticipate that First Quantum Minerals will post -0.07 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.