Citigroup Downgrades First Quantum Minerals (FQVLF) to Neutral

First Quantum Minerals (OTCMKTS:FQVLF) was downgraded by research analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued on Tuesday, The Fly reports.

Other equities analysts also recently issued research reports about the company. JPMorgan Chase & Co. downgraded First Quantum Minerals from an “overweight” rating to a “neutral” rating in a research report on Friday, April 5th. Deutsche Bank reissued a “buy” rating on shares of First Quantum Minerals in a research report on Tuesday, March 26th. Macquarie downgraded First Quantum Minerals from an “outperform” rating to an “underperform” rating in a research report on Friday, April 12th. Raymond James reissued a “buy” rating on shares of First Quantum Minerals in a research report on Monday, April 8th. Finally, ValuEngine downgraded First Quantum Minerals from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold”.

OTCMKTS FQVLF opened at $8.85 on Tuesday. The company has a market cap of $6.10 billion, a PE ratio of 10.29 and a beta of 3.12. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.26 and a current ratio of 1.99. First Quantum Minerals has a fifty-two week low of $7.10 and a fifty-two week high of $17.74.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Monday, April 29th. The basic materials company reported $0.14 earnings per share for the quarter. The firm had revenue of $857.00 million for the quarter. First Quantum Minerals had a return on equity of 5.54% and a net margin of 11.35%.

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.

See Also: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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