First Quantum Minerals (FQVLF) Rating Lowered to Neutral at Citigroup

Citigroup lowered shares of First Quantum Minerals (OTCMKTS:FQVLF) from a buy rating to a neutral rating in a research note published on Tuesday, The Fly reports.

Other equities analysts have also recently issued reports about the stock. Deutsche Bank restated a buy rating on shares of First Quantum Minerals in a research report on Tuesday, March 26th. Raymond James restated a buy rating on shares of First Quantum Minerals in a research report on Monday, April 8th. JPMorgan Chase & Co. cut shares of First Quantum Minerals from an overweight rating to a neutral rating in a research report on Friday, April 5th. Goldman Sachs Group cut shares of First Quantum Minerals from a buy rating to a neutral rating in a research report on Monday, February 11th. Finally, ValuEngine lowered shares of First Quantum Minerals from a hold rating to a sell rating in a report on Tuesday, May 14th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of Hold.

OTCMKTS:FQVLF opened at $7.35 on Tuesday. 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 firm has a market cap of $4.96 billion, a price-to-earnings ratio of 9.55 and a beta of 3.12. 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 posted its quarterly earnings data on Monday, April 29th. The basic materials company reported $0.14 earnings per share for the quarter. The company had revenue of $857.00 million during the quarter. First Quantum Minerals had a net margin of 11.35% and a return on equity of 5.54%.

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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