First Quantum Minerals (OTCMKTS:FQVLF) Trading Down 9.9% – What’s Next?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF)’s stock price fell 9.9% on Tuesday . The stock traded as low as $27.57 and last traded at $27.57. 2,334 shares changed hands during trading, a decline of 99% from the average session volume of 364,564 shares. The stock had previously closed at $30.6101.

Analyst Ratings Changes

FQVLF has been the topic of a number of research reports. Scotiabank reiterated an “outperform” rating on shares of First Quantum Minerals in a report on Monday, June 15th. UBS Group upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Morgan Stanley raised First Quantum Minerals from an “overweight” rating to an “overweight” rating in a report on Monday, May 18th. Deutsche Bank Aktiengesellschaft raised First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, June 3rd. Finally, Barclays reaffirmed an “overweight” rating on shares of First Quantum Minerals in a report on Monday, May 4th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

First Quantum Minerals Price Performance

The company has a market cap of $21.35 billion, a PE ratio of -102.37 and a beta of 1.33. The stock has a fifty day moving average price of $28.01 and a 200-day moving average price of $27.06. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.42 and a quick ratio of 0.86.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.22). The company had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.21%. On average, equities analysts expect that First Quantum Minerals Ltd. will post 0.35 earnings per share for the current 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.