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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $18.47, but opened at $17.21. First Quantum Minerals shares last traded at $18.29, with a volume of 13,581 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on FQVLF shares. Stifel Canada upgraded shares of First Quantum Minerals to a "hold" rating in a research report on Wednesday, March 19th. Canaccord Genuity Group upgraded shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. Raymond James Financial upgraded First Quantum Minerals to a "hold" rating in a report on Monday. Barclays restated an "overweight" rating on shares of First Quantum Minerals in a research report on Tuesday, May 6th. Finally, National Bankshares reiterated an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy".

First Quantum Minerals Stock Down 0.2%

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 company has a market capitalization of $15.37 billion, a PE ratio of 115.19 and a beta of 1.38. The business's 50 day simple moving average is $15.04 and its 200 day simple moving average is $13.75.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.06) by $0.03. First Quantum Minerals had a net margin of 2.78% and a return on equity of 1.19%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.04 billion. As a group, analysts anticipate 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.