First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Sees Large Decrease in Short Interest

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 6,252,200 shares, a decrease of 6.8% from the November 30th total of 6,707,300 shares. Based on an average trading volume of 299,800 shares, the short-interest ratio is currently 20.9 days.

First Quantum Minerals Trading Down 0.4 %

FQVLF stock opened at $12.92 on Thursday. The business has a fifty day moving average price of $13.39 and a 200 day moving average price of $12.88. 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 fifty-two week low of $8.20 and a fifty-two week high of $15.23. The stock has a market capitalization of $10.78 billion, a price-to-earnings ratio of -5.79 and a beta of 1.50.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Analysts expect that First Quantum Minerals will post -0.12 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Barclays upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target 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.