First Quantum Minerals (OTCMKTS:FQVLF) Cut to “Hold” at TD Securities

First Quantum Minerals (OTCMKTS:FQVLF) was downgraded by equities researchers at TD Securities from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday, July 31st, The Fly reports.

Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. downgraded shares of First Quantum Minerals from a “neutral” rating to an “underweight” rating in a report on Wednesday, June 19th. BMO Capital Markets reaffirmed a “buy” rating on shares of First Quantum Minerals in a report on Tuesday, June 11th. ValuEngine raised shares of First Quantum Minerals from a “sell” rating to a “hold” rating in a report on Friday, June 21st. Macquarie downgraded shares of First Quantum Minerals from an “outperform” rating to an “underperform” rating in a report on Friday, April 12th. Finally, Deutsche Bank downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Tuesday, April 9th. Two analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold”.

Shares of First Quantum Minerals stock traded down $0.31 on Wednesday, reaching $6.38. 9,375 shares of the company traded hands, compared to its average volume of 60,660. The company has a 50 day moving average of $8.32 and a 200 day moving average of $9.63. The firm has a market capitalization of $4.66 billion, a PE ratio of 9.38 and a beta of 3.35. First Quantum Minerals has a 52 week low of $6.35 and a 52 week high of $13.96. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.99 and a quick ratio of 1.26.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings data on Monday, July 29th. The basic materials company reported $0.13 EPS for the quarter. The company had revenue of $939.00 million during the quarter. First Quantum Minerals had a net margin of 10.19% and a return on equity of 4.63%.

About First Quantum Minerals

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 seven mines, including the Ravensthorpe nickel mine in Australia; the Kansanshi copper-gold mine and copper smelter 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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Analyst Recommendations for First Quantum Minerals (OTCMKTS:FQVLF)

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