First Quantum Minerals (OTCMKTS:FQVLF) Shares Gap Down - Should You Sell?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $17.88, but opened at $16.75. First Quantum Minerals shares last traded at $18.10, with a volume of 2,871 shares traded.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on FQVLF shares. National Bankshares reiterated an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, April 2nd. 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. Raymond James Financial upgraded shares of First Quantum Minerals to a "hold" rating in a research report on Monday, June 30th. Scotiabank restated a "sector perform" rating on shares of First Quantum Minerals in a research report on Tuesday, July 8th. Finally, Barclays restated an "overweight" rating on shares of First Quantum Minerals in a research report on Tuesday, May 6th. Four 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 data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

First Quantum Minerals Stock Down 1.3%

The company has a quick ratio of 0.94, a current ratio of 1.87 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $14.44 billion, a PE ratio of 72.13 and a beta of 1.38. The company's 50 day moving average is $16.28 and its two-hundred day moving average is $14.27.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 net margin of 4.08% and a return on equity of 1.44%. On average, analysts anticipate that First Quantum Minerals Ltd. will post 0.03 earnings per share for the current 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.