First Quantum Minerals Ltd. (OTCMKTS:FQVLF) Short Interest Update

by · The Markets Daily

First Quantum Minerals Ltd. (OTCMKTS:FQVLF – Get Free Report) was the target of a large decline in short interest in the month of December. As of December 15th, there was short interest totalling 6,252,200 shares, a decline of 6.8% from the November 30th total of 6,707,300 shares. Based on an average daily trading volume, of 299,800 shares, the short-interest ratio is presently 20.9 days.

First Quantum Minerals Stock Performance

OTCMKTS:FQVLF traded down $0.05 during mid-day trading on Wednesday, reaching $12.92. 79,363 shares of the company’s stock were exchanged, compared to its average volume of 260,462. First Quantum Minerals has a one year low of $8.20 and a one year high of $15.23. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.80. The business’s fifty day simple moving average is $13.40 and its two-hundred day simple moving average is $12.88. The firm has a market capitalization of $10.78 billion, a PE ratio of -5.79 and a beta of 1.50.

First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last announced its earnings results on Tuesday, October 22nd. The basic materials company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.02 by $0.12. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%. The company had revenue of $1.28 billion for the quarter, compared to analysts’ expectations of $1.09 billion. Analysts anticipate that First Quantum Minerals will post -0.12 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Barclays upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, First Quantum Minerals currently has an average rating of “Moderate Buy” and an average price target of $16.00.

Check Out Our Latest Stock Analysis on First Quantum Minerals

About First Quantum Minerals

(Get Free Report)

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.

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