Goldman Sachs Group downgraded shares of First Quantum Minerals (OTCMKTS:FQVLF) from a buy rating to a neutral rating in a report released on Monday morning, The Fly reports.
Several other equities analysts also recently issued reports on FQVLF. JPMorgan Chase & Co. upgraded shares of First Quantum Minerals from a neutral rating to an overweight rating in a research note on Monday, November 19th. BMO Capital Markets initiated coverage on shares of First Quantum Minerals in a research note on Tuesday, January 8th. They issued an outperform rating for the company. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of Buy.
OTCMKTS:FQVLF opened at $10.59 on Monday. The firm has a market capitalization of $7.30 billion, a P/E ratio of 11.07 and a beta of 3.22. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.20 and a current ratio of 1.80. First Quantum Minerals has a 12 month low of $7.10 and a 12 month high of $17.74.
First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates in seven mines and one copper smelter, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.
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