First Quantum Minerals (OTCMKTS:FQVLF) Upgraded by Barclays to “Strong-Buy” Rating

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

First Quantum Minerals Stock Performance

FQVLF stock traded down $0.05 on Tuesday, hitting $12.75. The company’s stock had a trading volume of 226,348 shares, compared to its average volume of 204,196. The firm has a 50 day moving average of $13.09 and a two-hundred day moving average of $12.80. First Quantum Minerals has a 1 year low of $6.92 and a 1 year high of $15.20. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of -5.72 and a beta of 1.51. The company has a current ratio of 1.80, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings data on Tuesday, October 22nd. The basic materials company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.12. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.09 billion. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%. Equities analysts predict 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.