First Quantum Minerals (OTCMKTS:FQVLF) Shares Gap Down - Here's What Happened

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $15.54, but opened at $14.80. First Quantum Minerals shares last traded at $15.65, with a volume of 867 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on FQVLF shares. Stifel Canada upgraded First Quantum Minerals to a "hold" rating in a report on Wednesday, March 19th. Scotiabank restated a "sector perform" rating on shares of First Quantum Minerals in a research report on Friday, April 25th. National Bankshares reiterated an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, April 2nd. BMO Capital Markets raised First Quantum Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Barclays reissued an "overweight" rating on shares of First Quantum Minerals in a research note on Tuesday, May 6th. Four analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, First Quantum Minerals presently has an average rating of "Moderate Buy".

First Quantum Minerals Stock Up 0.8%

The firm has a 50 day moving average price of $14.05 and a 200-day moving average price of $13.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.87 and a quick ratio of 0.94. The firm has a market cap of $13.06 billion, a price-to-earnings ratio of 97.88 and a beta of 1.36.

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