Scotiabank Lowers First Quantum Minerals (OTCMKTS:FQVLF) Price Target to C$33.00

First Quantum Minerals (OTCMKTS:FQVLFGet Rating) had its target price decreased by investment analysts at Scotiabank from C$35.00 to C$33.00 in a research note issued on Thursday, The Fly reports.

FQVLF has been the topic of a number of other reports. Morgan Stanley dropped their price objective on First Quantum Minerals from C$37.00 to C$34.00 in a research note on Thursday, June 23rd. Canaccord Genuity Group upgraded First Quantum Minerals to a “buy” rating and set a $44.00 price target on the stock in a report on Thursday, April 28th. TD Securities lowered their price objective on shares of First Quantum Minerals from C$52.00 to C$50.00 in a research note on Wednesday, April 27th. Exane BNP Paribas raised shares of First Quantum Minerals from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 13th. Finally, CIBC downgraded shares of First Quantum Minerals from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.19.

First Quantum Minerals Trading Up 6.7 %

Shares of OTCMKTS FQVLF traded up $0.99 during midday trading on Thursday, reaching $15.84. The stock had a trading volume of 53,191 shares, compared to its average volume of 66,046. The company’s 50 day moving average price is $22.22 and its 200 day moving average price is $26.70. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.63 and a current ratio of 2.35. First Quantum Minerals has a twelve month low of $14.48 and a twelve month high of $37.76. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 8.08, a price-to-earnings-growth ratio of 0.94 and a beta of 2.13.

First Quantum Minerals (OTCMKTS:FQVLFGet Rating) last released its earnings results on Tuesday, April 26th. The basic materials company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.27. The business had revenue of $2.16 billion for the quarter. First Quantum Minerals had a net margin of 17.07% and a return on equity of 11.45%. As a group, sell-side analysts expect that First Quantum Minerals will post 1.86 EPS for the current year.

First Quantum Minerals Company Profile

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First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, gold, silver, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.

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