Barclays Upgrades First Quantum Minerals (OTCMKTS:FQVLF) to “Strong-Buy”

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

First Quantum Minerals Trading Down 2.0 %

FQVLF opened at $12.50 on Tuesday. The stock has a market capitalization of $10.43 billion, a PE ratio of -5.72 and a beta of 1.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.80 and a quick ratio of 0.93. First Quantum Minerals has a 12-month low of $6.92 and a 12-month high of $15.20. The firm’s fifty day moving average price is $13.09 and its 200 day moving average price is $12.80.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.02 by $0.12. The company had revenue of $1.28 billion during the quarter, compared to analyst estimates 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, research analysts expect that First Quantum Minerals will post -0.13 EPS for the current fiscal year.

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.