First Quantum Minerals (OTCMKTS:FQVLF) Earns Hold Rating from Analysts at Desjardins

Desjardins started coverage on shares of First Quantum Minerals (OTCMKTS:FQVLF) in a report released on Friday, Marketbeat.com reports. The brokerage issued a hold rating on the basic materials company’s stock.

Several other research firms also recently commented on FQVLF. Canaccord Genuity Group downgraded First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Stifel Canada upgraded shares of First Quantum Minerals to a “hold” rating in a research note on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

First Quantum Minerals Stock Down 12.8 %

Shares of FQVLF stock opened at $11.21 on Friday. The firm’s fifty day moving average price is $13.39 and its two-hundred day moving average price is $13.40. First Quantum Minerals has a 1 year low of $10.23 and a 1 year high of $16.23. The company has a current ratio of 2.08, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $9.35 billion, a P/E ratio of -560.50 and a beta of 1.32.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Tuesday, February 11th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). First Quantum Minerals had a net margin of 0.04% and a negative return on equity of 0.15%. On average, equities analysts predict that First Quantum Minerals will post 0.03 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.