First Quantum Minerals (OTCMKTS:FQVLF) Sees Large Volume Increase – Here’s Why

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) saw unusually-strong trading volume on Thursday . Approximately 461,042 shares traded hands during mid-day trading, an increase of 116% from the previous session’s volume of 213,368 shares.The stock last traded at $24.89 and had previously closed at $24.54.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on FQVLF. Stifel Canada raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Deutsche Bank Aktiengesellschaft lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Raymond James Financial reiterated a “market perform” rating on shares of First Quantum Minerals in a report on Friday, October 10th. Citigroup reaffirmed a “buy” rating on shares of First Quantum Minerals in a research report on Wednesday, October 8th. Finally, TD Securities reissued a “hold” rating on shares of First Quantum Minerals in a research report on Monday, September 29th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

First Quantum Minerals Stock Up 1.4%

The firm has a market capitalization of $20.75 billion, a PE ratio of 497.66 and a beta of 1.40. The company has a quick ratio of 1.08, a current ratio of 1.94 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average price is $22.10 and its two-hundred day moving average price is $19.28.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data on Tuesday, October 28th. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.47 billion. First Quantum Minerals had a net margin of 0.92% and a return on equity of 0.29%. 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.