First Quantum Minerals (OTCMKTS:FQVLF) Lifted to “Buy” at Citigroup

Citigroup upgraded shares of First Quantum Minerals (OTCMKTS:FQVLFFree Report) from a neutral rating to a buy rating in a report published on Thursday, Marketbeat Ratings reports.

FQVLF has been the subject of several other research reports. BMO Capital Markets cut First Quantum Minerals from an outperform rating to a market perform rating in a report on Tuesday, May 21st. Royal Bank of Canada raised First Quantum Minerals from a sector perform rating to an outperform rating in a report on Monday, March 4th. Raymond James increased their price target on First Quantum Minerals from $13.00 to $16.00 and gave the company a market perform rating in a report on Wednesday, March 20th. Finally, The Goldman Sachs Group began coverage on First Quantum Minerals in a report on Tuesday, May 21st. They issued a buy rating for the company. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $33.33.

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First Quantum Minerals Stock Performance

OTCMKTS FQVLF opened at $12.52 on Thursday. The stock has a market capitalization of $10.44 billion, a price-to-earnings ratio of -7.36 and a beta of 1.63. First Quantum Minerals has a twelve month low of $6.92 and a twelve month high of $29.79. The company has a current ratio of 2.68, a quick ratio of 1.32 and a debt-to-equity ratio of 0.49. The stock has a 50-day moving average of $12.75 and a 200 day moving average of $10.65.

First Quantum Minerals (OTCMKTS:FQVLFGet Free Report) last announced its earnings results on Tuesday, April 23rd. The basic materials company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.06). First Quantum Minerals had a negative net margin of 20.02% and a positive return on equity of 0.26%. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $931.34 million. Sell-side analysts anticipate that First Quantum Minerals will post -0.15 EPS for the current fiscal year.

First Quantum Minerals Company Profile

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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.

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