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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF)’s stock price gapped down prior to trading on Tuesday . The stock had previously closed at $22.44, but opened at $21.25. First Quantum Minerals shares last traded at $22.2040, with a volume of 5,446 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on FQVLF shares. Scotiabank reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Tuesday, February 24th. Morgan Stanley reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research note on Tuesday, December 16th. UBS Group upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Raymond James Financial reissued a “market perform” rating on shares of First Quantum Minerals in a research note on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, November 26th. Three equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Stock Performance

The firm has a market cap of $19.60 billion, a price-to-earnings ratio of -587.25 and a beta of 1.27. The stock has a 50-day moving average of $27.02 and a 200-day moving average of $24.32. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.86 and a current ratio of 1.42.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings results on Tuesday, February 10th. The basic materials company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.33 billion. First Quantum Minerals had a positive return on equity of 0.07% and a negative net margin of 0.53%. As a group, analysts anticipate that First Quantum Minerals Ltd. will post 0.03 EPS for the current fiscal year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.