First Quantum Minerals (OTCMKTS:FQVLF) Upgraded by Barclays to "Strong-Buy" Rating

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) was upgraded by equities research analysts at Barclays from a "hold" rating to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

First Quantum Minerals Stock Down 2.0 %

FQVLF traded down $0.26 during trading on Tuesday, reaching $12.49. The company had a trading volume of 78,450 shares, compared to its average volume of 262,867. The company has a market cap of $10.42 billion, a P/E ratio of -5.72 and a beta of 1.51. First Quantum Minerals has a 12 month low of $6.92 and a 12 month high of $15.20. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.80 and a quick ratio of 0.93. The business's fifty day moving average price is $13.09 and its 200 day moving average price is $12.80.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The basic materials company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.02 by $0.12. The business had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.09 billion. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%. Equities analysts anticipate that First Quantum Minerals will post -0.13 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.