First Quantum Minerals (OTCMKTS:FQVLF) Stock Rating Upgraded by UBS Group

First Quantum Minerals (OTCMKTS:FQVLF) was upgraded by research analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a note issued to investors on Thursday,Zacks.com reports.

Other analysts also recently issued research reports about the stock. Scotiabank reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Tuesday, February 24th. Raymond James Financial reaffirmed a “market perform” rating on shares of First Quantum Minerals in a report on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Morgan Stanley reissued an “overweight” rating on shares of First Quantum Minerals in a report on Tuesday, December 16th. Finally, TD Securities restated a “hold” rating on shares of First Quantum Minerals in a research note on Thursday, February 12th. Three research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Price Performance

Shares of OTCMKTS FQVLF opened at $24.85 on Thursday. First Quantum Minerals has a fifty-two week low of $10.18 and a fifty-two week high of $33.30. The company has a market cap of $20.73 billion, a PE ratio of -621.25 and a beta of 1.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.94. The business has a 50-day simple moving average of $28.03 and a two-hundred day simple moving average of $23.93.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data on Tuesday, February 10th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.05). The company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.33 billion. First Quantum Minerals had a negative net margin of 0.53% and a positive return on equity of 0.07%. As a group, equities analysts expect that First Quantum Minerals will post 0.03 EPS for the current fiscal year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.