First Quantum Minerals (OTCMKTS:FQVLF) Sees Strong Trading Volume - Time to Buy?

Key Points

• First Quantum Minerals experienced a significant increase in trading volume, with over 1.1 million shares traded, marking a 501% rise from the previous session.
• Recent analyst ratings show a mixed outlook, with two "Strong Buy," three "Buy," and five "Hold" ratings, leading to an average rating of "Moderate Buy."
• The company's latest earnings report revealed earnings of $0.02 per share for the quarter, exceeding estimates and showing revenue of $1.23 billion.

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) saw an uptick in trading volume on Tuesday . 1,110,759 shares were traded during trading, an increase of 501% from the previous session's volume of 184,708 shares.The stock last traded at $19.39 and had previously closed at $19.41.

Wall Street Analyst Weigh In

A number of research firms have commented on FQVLF. National Bankshares reaffirmed an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, August 13th. Raymond James Financial raised First Quantum Minerals to a "hold" rating in a research report on Monday, June 30th. Barclays reaffirmed an "overweight" rating on shares of First Quantum Minerals in a research report on Monday, July 28th. TD Securities reissued a "hold" rating on shares of First Quantum Minerals in a research report on Friday, July 25th. Finally, Royal Bank Of Canada reissued an "outperform" rating on shares of First Quantum Minerals in a research report on Friday, July 25th. Two equities research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy".

First Quantum Minerals Price Performance

The company has a current ratio of 2.00, a quick ratio of 1.00 and a debt-to-equity ratio of 0.48. The company has a market cap of $16.36 billion, a PE ratio of 81.71 and a beta of 1.35. The firm has a 50 day moving average of $17.29 and a two-hundred day moving average of $15.32.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.05. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.06 billion. First Quantum Minerals had a return on equity of 1.44% and a net margin of 4.08%. Research analysts predict 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., 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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