First Quantum Minerals (OTCMKTS:FQVLF) Sees Large Volume Increase – What’s Next?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) shares saw unusually-strong trading volume on Thursday . Approximately 699,678 shares traded hands during mid-day trading, an increase of 101% from the previous session’s volume of 348,174 shares.The stock last traded at $27.63 and had previously closed at $27.7407.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on FQVLF. TD Securities reissued a “hold” rating on shares of First Quantum Minerals in a research report on Thursday. Raymond James Financial reiterated a “market perform” rating on shares of First Quantum Minerals in a research note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Scotiabank upgraded shares of First Quantum Minerals from a “hold” rating to an “outperform” rating in a report on Thursday. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday, October 29th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy”.

First Quantum Minerals Trading Down 1.2%

The firm has a market capitalization of $22.14 billion, a price-to-earnings ratio of -663.50 and a beta of 1.32. The business’s 50-day moving average price is $27.49 and its 200 day moving average price is $22.60. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.94 and a quick ratio of 1.08.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings results on Tuesday, February 10th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). First Quantum Minerals had a negative net margin of 0.53% and a positive return on equity of 0.07%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.33 billion. On average, equities analysts forecast that First Quantum Minerals Ltd. will post 0.03 earnings per share for the current fiscal year.

About First Quantum Minerals

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.