First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Sees Large Increase in Short Interest

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totalling 3,066,800 shares, a growth of 12.7% from the March 31st total of 2,722,400 shares. Based on an average daily volume of 207,000 shares, the days-to-cover ratio is currently 14.8 days.

Analyst Ratings Changes

Several analysts have recently issued reports on FQVLF shares. Raymond James increased their price target on shares of First Quantum Minerals from $13.00 to $16.00 and gave the stock a “market perform” rating in a research report on Wednesday, March 20th. Royal Bank of Canada raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a research report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $33.33.

First Quantum Minerals Stock Up 0.9 %

Shares of FQVLF stock traded up $0.12 during trading hours on Tuesday, reaching $12.98. 80,634 shares of the stock were exchanged, compared to its average volume of 307,052. The business’s fifty day moving average is $10.67 and its two-hundred day moving average is $10.74. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.72 and a quick ratio of 0.93. First Quantum Minerals has a 12-month low of $6.92 and a 12-month high of $29.79. The firm has a market capitalization of $10.82 billion, a P/E ratio of -7.64 and a beta of 1.82.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings results on Tuesday, April 23rd. The basic materials company reported ($0.20) EPS for the quarter, missing the consensus estimate of ($0.14) by ($0.06). The company had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $931.34 million. First Quantum Minerals had a negative net margin of 20.02% and a positive return on equity of 0.26%. As a group, research analysts expect that First Quantum Minerals will post -0.15 EPS for the current fiscal year.

First Quantum Minerals Company Profile

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, silver, gold, 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.