First Quantum Minerals (OTCMKTS:FQVLF) Shares Gap Down – Time to Sell?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $23.8650, but opened at $22.03. First Quantum Minerals shares last traded at $23.3660, with a volume of 920 shares changing hands.

Analyst Ratings Changes

A number of equities analysts have weighed in on FQVLF shares. Morgan Stanley reiterated an “overweight” rating on shares of First Quantum Minerals in a research report on Tuesday, December 16th. Raymond James Financial restated a “market perform” rating on shares of First Quantum Minerals in a research note on Wednesday, January 14th. TD Securities reaffirmed a “hold” rating on shares of First Quantum Minerals in a report on Thursday, February 12th. UBS Group upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 12th. Finally, Scotiabank reissued an “outperform” rating on shares of First Quantum Minerals in a report on Tuesday, February 24th. Three investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

First Quantum Minerals Stock Performance

The stock has a market capitalization of $20.65 billion, a P/E ratio of -619.00 and a beta of 1.27. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average price of $26.39 and a two-hundred day moving average price of $24.48.

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

First Quantum Minerals Company Profile

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.