First Quantum Minerals (OTCMKTS:FQVLF) Cut to Market Perform at BMO Capital Markets

BMO Capital Markets downgraded shares of First Quantum Minerals (OTCMKTS:FQVLF) from an outperform rating to a market perform rating in a research note published on Tuesday morning, Marketbeat Ratings reports.

Other equities research analysts have also recently issued reports about the company. Raymond James boosted their price objective on First Quantum Minerals from $13.00 to $16.00 and gave the stock a market perform rating in a research note on Wednesday, March 20th. Royal Bank of Canada upgraded First Quantum Minerals from a sector perform rating to an outperform rating in a research report on Monday, March 4th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, First Quantum Minerals currently has a consensus rating of Hold and a consensus target price of $33.33.

First Quantum Minerals Trading Down 4.9 %

FQVLF stock opened at $12.93 on Tuesday. The firm has a fifty day moving average price of $11.97 and a 200 day moving average price of $10.24. First Quantum Minerals has a fifty-two week low of $6.92 and a fifty-two week high of $29.79. The firm has a market cap of $10.78 billion, a PE ratio of -7.61 and a beta of 1.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.93 and a current ratio of 1.72.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings data on Tuesday, April 23rd. The basic materials company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.06). First Quantum Minerals had a positive return on equity of 0.26% and a negative net margin of 20.02%. The business had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $931.34 million. Sell-side analysts anticipate that First Quantum Minerals will post -0.15 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.