First Quantum Minerals (OTCMKTS:FQVLF) Shares Gap Down – Here’s What Happened

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) gapped down prior to trading on Monday . The stock had previously closed at $26.9360, but opened at $25.26. First Quantum Minerals shares last traded at $25.26, with a volume of 392 shares changing hands.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Scotiabank reaffirmed an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday. Barclays reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research report on Monday, May 4th. TD Securities reaffirmed a “hold” rating on shares of First Quantum Minerals in a research report on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of First Quantum Minerals in a research report on Wednesday, April 15th. Finally, UBS Group raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

First Quantum Minerals Trading Down 1.2%

The business’s 50-day moving average is $25.17 and its two-hundred day moving average is $25.49. The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $20.89 billion, a PE ratio of -100.18 and a beta of 1.26.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data on Tuesday, April 28th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.22). The firm had revenue of $1.40 billion during 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%. On average, analysts predict that First Quantum Minerals Ltd. will post 0.49 earnings per share for the current year.

About First Quantum Minerals

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.