First Quantum Minerals (OTCMKTS:FQVLF) Upgraded at Barclays

Barclays upgraded shares of First Quantum Minerals (OTCMKTS:FQVLF) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

First Quantum Minerals Trading Down 0.4 %

Shares of First Quantum Minerals stock traded down $0.05 during trading on Tuesday, hitting $12.75. The stock had a trading volume of 226,348 shares, compared to its average volume of 204,196. 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 firm’s fifty day simple moving average is $13.09 and its 200-day simple moving average is $12.80. The stock has a market cap of $10.64 billion, a PE ratio of -5.72 and a beta of 1.51.

First Quantum Minerals (OTCMKTS:FQVLF) last announced 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 company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.09 billion. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%. As a group, sell-side analysts expect that First Quantum Minerals will post -0.13 EPS 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.