First Quantum Minerals (OTCMKTS:FQVLF) Now Covered by Desjardins

Desjardins initiated coverage on shares of First Quantum Minerals (OTCMKTS:FQVLF) in a research note published on Friday, MarketBeat.com reports. The brokerage issued a hold rating on the basic materials company’s stock.

Several other research analysts have also recently commented on FQVLF. Stifel Canada raised shares of First Quantum Minerals to a “hold” rating in a research report on Wednesday, March 19th. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

First Quantum Minerals Stock Performance

FQVLF opened at $11.21 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.08 and a quick ratio of 0.93. The company has a market capitalization of $9.35 billion, a price-to-earnings ratio of -560.50 and a beta of 1.32. The business’s 50-day moving average price is $13.39 and its two-hundred day moving average price is $13.39. First Quantum Minerals has a 1 year low of $10.23 and a 1 year high of $16.23.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Tuesday, February 11th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate 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%. Equities analysts expect that First Quantum Minerals will post 0.03 EPS for the current fiscal year.

About First Quantum Minerals

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.