First Quantum Minerals (OTCMKTS:FQVLF) Rating Increased to Strong-Buy at BMO Capital Markets

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) was upgraded by investment analysts at BMO Capital Markets to a "strong-buy" rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on FQVLF. Canaccord Genuity Group lowered shares of First Quantum Minerals from a "buy" rating to a "hold" rating in a report on Thursday, January 16th. National Bankshares reaffirmed an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, April 2nd. Desjardins assumed coverage on shares of First Quantum Minerals in a research report on Friday, April 4th. They issued a "hold" rating for the company. Finally, Stifel Canada upgraded shares of First Quantum Minerals to a "hold" rating in a report on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy".

First Quantum Minerals Price Performance

Shares of First Quantum Minerals stock traded down $0.08 during trading on Tuesday, hitting $11.95. The stock had a trading volume of 153,458 shares, compared to its average volume of 209,466. The business has a fifty day moving average of $13.04 and a two-hundred day moving average of $13.22. First Quantum Minerals has a fifty-two week low of $10.18 and a fifty-two week high of $16.23. The firm has a market cap of $9.97 billion, a P/E ratio of -597.45 and a beta of 1.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.08 and a quick ratio of 0.93.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate 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, sell-side analysts expect that First Quantum Minerals will post 0.03 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.