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

Stock analysts at Desjardins began coverage on shares of First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm set a "hold" rating on the basic materials company's stock.

Several other research firms also recently issued reports on FQVLF. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. Stifel Canada upgraded First Quantum Minerals to a "hold" rating in a research note on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, First Quantum Minerals presently has an average rating of "Moderate Buy".

First Quantum Minerals Stock Down 3.0 %

Shares of OTCMKTS FQVLF traded down $0.33 during trading hours on Friday, hitting $10.60. 443,737 shares of the stock were exchanged, compared to its average volume of 205,318. The company has a market cap of $8.84 billion, a PE ratio of -530.00 and a beta of 1.32. First Quantum Minerals has a 12 month low of $10.23 and a 12 month high of $16.23. The company has a quick ratio of 0.93, a current ratio of 2.08 and a debt-to-equity ratio of 0.49. The firm has a fifty day moving average price of $13.29 and a 200-day moving average price of $13.34.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). First Quantum Minerals had a net margin of 0.04% and a negative return on equity of 0.15%. On average, sell-side analysts expect that First Quantum Minerals will post 0.03 EPS for the current 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.