First Quantum Minerals (OTCMKTS:FQVLF) Stock Price Down 9.9% – Time to Sell?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) was down 9.9% on Monday . The company traded as low as $29.16 and last traded at $29.63. Approximately 2,358 shares changed hands during trading, a decline of 99% from the average daily volume of 355,462 shares. The stock had previously closed at $32.8920.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FQVLF shares. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a research report on Monday, May 4th. Morgan Stanley raised First Quantum Minerals from an “overweight” rating to an “overweight” rating in a research report on Monday, May 18th. UBS Group raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. TD Securities restated a “hold” rating on shares of First Quantum Minerals in a research report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Wednesday, June 3rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, First Quantum Minerals currently has an average rating of “Moderate Buy”.

First Quantum Minerals Trading Up 2.3%

The firm has a market cap of $24.56 billion, a PE ratio of -117.76 and a beta of 1.33. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.86 and a current ratio of 1.42. The stock has a 50-day simple moving average of $26.78 and a two-hundred day simple moving average of $26.31.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings results on Tuesday, April 28th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.22). The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.36 billion. First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.21%. As a group, sell-side analysts anticipate that First Quantum Minerals Ltd. will post 0.32 EPS for the current 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.