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

First Quantum Minerals (OTCMKTS:FQVLF) was upgraded by stock analysts at UBS Group from a “hold” rating to a “strong-buy” rating in a research report issued on Thursday,Zacks.com reports.

FQVLF has been the topic of several other reports. TD Securities reaffirmed a “hold” rating on shares of First Quantum Minerals in a report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft lowered First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Morgan Stanley reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research note on Tuesday, December 16th. Raymond James Financial reaffirmed a “market perform” rating on shares of First Quantum Minerals in a report on Wednesday, January 14th. Finally, Scotiabank reiterated an “outperform” rating on shares of First Quantum Minerals in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Price Performance

OTCMKTS:FQVLF opened at $24.85 on Thursday. The firm’s fifty day moving average is $28.03 and its two-hundred day moving average is $23.93. The firm has a market cap of $20.73 billion, a price-to-earnings ratio of -621.25 and a beta of 1.27. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.94. First Quantum Minerals has a one year low of $10.18 and a one year high of $33.30.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings data on Tuesday, February 10th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The company had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.33 billion. First Quantum Minerals had a negative net margin of 0.53% and a positive return on equity of 0.07%. Research analysts expect that First Quantum Minerals will post 0.03 EPS for the current year.

About First Quantum Minerals

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.