First Quantum Minerals (OTCMKTS:FQVLF) Sees Strong Trading Volume – What’s Next?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) saw unusually-strong trading volume on Thursday . Approximately 354,273 shares were traded during trading, an increase of 66% from the previous session’s volume of 213,316 shares.The stock last traded at $20.9601 and had previously closed at $20.60.

Analyst Ratings Changes

Several research firms recently weighed in on FQVLF. Stifel Canada upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Zacks Research downgraded shares of First Quantum Minerals from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 4th. Royal Bank Of Canada reaffirmed an “outperform” rating on shares of First Quantum Minerals in a research report on Friday, July 25th. Scotiabank reiterated a “sector perform” rating on shares of First Quantum Minerals in a research note on Tuesday, October 28th. Finally, Citigroup reissued a “buy” rating on shares of First Quantum Minerals in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy”.

First Quantum Minerals Trading Up 2.7%

The firm has a market capitalization of $16.95 billion, a PE ratio of 406.48 and a beta of 1.47. The company has a quick ratio of 1.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.48. The company’s 50-day simple moving average is $21.39 and its 200 day simple moving average is $18.15.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data on Tuesday, October 28th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.10). The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.47 billion. First Quantum Minerals had a return on equity of 0.29% and a net margin of 0.92%. As a group, sell-side analysts expect that First Quantum Minerals Ltd. will post 0.03 EPS 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.