First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Short Interest Down 6.4% in November

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) was the target of a large decline in short interest in the month of November. As of November 30th, there was short interest totalling 6,707,300 shares, a decline of 6.4% from the November 15th total of 7,168,100 shares. Based on an average daily volume of 369,900 shares, the days-to-cover ratio is presently 18.1 days.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock opened at $13.07 on Wednesday. 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 has a market cap of $10.90 billion, a price-to-earnings ratio of -5.86 and a beta of 1.50. The stock’s 50-day moving average is $13.42 and its 200-day moving average is $12.83. First Quantum Minerals has a one year low of $7.72 and a one year high of $15.23.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.12. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%. The business had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.09 billion. Equities analysts predict that First Quantum Minerals will post -0.12 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Barclays upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, First Quantum Minerals presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

First Quantum Minerals Company Profile

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.