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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report)'s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $16.95, but opened at $16.53. First Quantum Minerals shares last traded at $16.80, with a volume of 10,652 shares traded.

Wall Street Analysts Forecast Growth

FQVLF has been the topic of a number of recent research reports. BMO Capital Markets raised shares of First Quantum Minerals to a "strong-buy" rating in a report on Tuesday, April 15th. National Bankshares reissued an "outperform" rating on shares of First Quantum Minerals in a report on Wednesday, April 2nd. Barclays restated an "overweight" rating on shares of First Quantum Minerals in a research report on Tuesday, May 6th. Canaccord Genuity Group upgraded shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th. Finally, Desjardins assumed coverage on shares of First Quantum Minerals in a research report on Friday, April 4th. They set a "hold" rating on the stock. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

First Quantum Minerals Stock Performance

The firm's fifty day moving average price is $15.95 and its 200-day moving average price is $14.12. The company has a current ratio of 1.87, a quick ratio of 0.94 and a debt-to-equity ratio of 0.50. The company has a market cap of $14.23 billion, a P/E ratio of 106.62 and a beta of 1.38.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted its earnings results on Wednesday, April 23rd. The basic materials company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.03. The business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.04 billion. First Quantum Minerals had a net margin of 2.78% and a return on equity of 1.19%. As a group, research analysts forecast that First Quantum Minerals Ltd. will post 0.03 EPS for the current fiscal year.

First Quantum Minerals Company Profile

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.