First Quantum Minerals (OTCMKTS:FQVLF) Upgraded by Barclays to Strong-Buy Rating

First Quantum Minerals (OTCMKTS:FQVLF) was upgraded by investment analysts at Barclays from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday,Zacks.com reports.

First Quantum Minerals Price Performance

Shares of FQVLF stock traded down $0.05 during midday trading on Tuesday, reaching $12.75. 226,348 shares of the company were exchanged, compared to its average volume of 204,196. The company’s 50 day moving average price is $13.09 and its two-hundred day moving average price is $12.80. The company has a market cap of $10.64 billion, a P/E ratio of -5.72 and a beta of 1.51. First Quantum Minerals has a 12 month low of $6.92 and a 12 month high of $15.20. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.80.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.12. The firm had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.09 billion. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%. On average, sell-side analysts expect that First Quantum Minerals will post -0.13 earnings per share for the current 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.