Macquarie cut shares of First Quantum Minerals (OTCMKTS:FQVLF) from an outperform rating to an underperform rating in a report issued on Friday, Briefing.com Automated Import reports.

Several other equities analysts have also issued reports on the company. BMO Capital Markets started coverage on First Quantum Minerals in a research report on Tuesday, January 8th. They issued an outperform rating for the company. Goldman Sachs Group lowered First Quantum Minerals from a buy rating to a neutral rating in a research report on Monday, February 11th. JPMorgan Chase & Co. lowered First Quantum Minerals from an overweight rating to a neutral rating in a research report on Friday, April 5th. Raymond James reaffirmed a buy rating on shares of First Quantum Minerals in a research report on Monday, April 8th. Finally, Deutsche Bank lowered First Quantum Minerals from a buy rating to a hold rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy.

FQVLF opened at $11.77 on Friday. The company has a quick ratio of 1.26, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $8.01 billion, a PE ratio of 12.11 and a beta of 3.20. First Quantum Minerals has a 1 year low of $7.10 and a 1 year high of $17.74.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings results on Thursday, February 14th. The basic materials company reported $0.26 earnings per share (EPS) for the quarter. The firm had revenue of $1.05 billion during the quarter. First Quantum Minerals had a return on equity of 6.27% and a net margin of 11.12%.

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Shareholders of record on Monday, April 15th will be given a $0.004 dividend. The ex-dividend date of this dividend is Friday, April 12th.

First Quantum Minerals Company Profile

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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