First Quantum Minerals (FQVLF) Downgraded to “Hold” at Deutsche Bank
First Quantum Minerals (OTCMKTS:FQVLF) was downgraded by equities researchers at Deutsche Bank from a “buy” rating to a “hold” rating in a report released on Tuesday, The Fly reports.
Other research analysts have also recently issued reports about the stock. Raymond James restated a “buy” rating on shares of First Quantum Minerals in a report on Monday. JPMorgan Chase & Co. cut shares of First Quantum Minerals from an “overweight” rating to a “neutral” rating in a report on Friday, April 5th. Goldman Sachs Group cut shares of First Quantum Minerals from a “buy” rating to a “neutral” rating in a report on Monday, February 11th. Finally, BMO Capital Markets initiated coverage on shares of First Quantum Minerals in a report on Tuesday, January 8th. They issued an “outperform” rating on the stock. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy”.
OTCMKTS FQVLF opened at $11.70 on Tuesday. The company has a current ratio of 1.99, a quick ratio of 1.26 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $8.07 billion, a PE ratio of 12.14 and a beta of 3.21. First Quantum Minerals has a 12 month low of $7.10 and a 12 month high of $17.74.
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.
Featured Article: Insider Trading
Receive News & Ratings for First Quantum Minerals Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Quantum Minerals and related companies with MarketBeat.com's FREE daily email newsletter.