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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) shares traded down 9.9% during mid-day trading on Monday . The stock traded as low as $29.16 and last traded at $29.63. 2,358 shares were traded during mid-day trading, a decline of 99% from the average session volume of 355,462 shares. The stock had previously closed at $32.8920.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft upgraded First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Wednesday, June 3rd. UBS Group raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Barclays reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research report on Monday, May 4th. Morgan Stanley raised First Quantum Minerals from an “overweight” rating to an “overweight” rating in a research report on Monday, May 18th. Finally, TD Securities reaffirmed a “hold” rating on shares of First Quantum Minerals in a research report on Thursday, February 12th. Two equities research 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’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy”.

First Quantum Minerals Trading Up 0.0%

The company has a market cap of $24.21 billion, a P/E ratio of -116.08 and a beta of 1.33. The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. The business has a 50 day moving average price of $27.05 and a 200-day moving average price of $26.43.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings results on Tuesday, April 28th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.22). First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.21%. The business had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.36 billion. Analysts forecast that First Quantum Minerals Ltd. will post 0.32 earnings per share for the current fiscal 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.