First Quantum Minerals (FQVLF) Upgraded to Buy by Canaccord Genuity

First Quantum Minerals (OTCMKTS:FQVLF) was upgraded by equities researchers at Canaccord Genuity from a “hold” rating to a “buy” rating in a research report issued on Thursday, The Fly reports.

FQVLF has been the topic of several other research reports. ValuEngine downgraded First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, July 11th. Scotiabank raised First Quantum Minerals from an “outperform” rating to a “focus list” rating in a report on Monday, June 25th. Deutsche Bank raised First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Wednesday, July 11th. Finally, TD Securities raised First Quantum Minerals to a “buy” rating in a report on Thursday, June 14th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy”.

OTCMKTS:FQVLF opened at $11.20 on Thursday. First Quantum Minerals has a 52-week low of $10.67 and a 52-week high of $17.74. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.17 and a current ratio of 1.77. The firm has a market cap of $7.90 billion, a price-to-earnings ratio of 17.10 and a beta of 3.26.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data on Monday, July 30th. The basic materials company reported $0.27 earnings per share (EPS) for the quarter. First Quantum Minerals had a return on equity of 4.39% and a net margin of 0.41%. The firm had revenue of $1.05 billion for the quarter.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, gold, and zinc ores, as well as produces acid. The company operates in seven mines and one copper smelter, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine in Zambia; the Sentinel copper operation in North Western Province of Zambia; the Guelb Moghrein copper-gold mine in Mauritania; the Çayeli copper-zinc mine in Turkey; the Las Cruces copper mine in Spain; and the Pyhäsalmi copper-zinc mine in Finland.

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