First Quantum Minerals (OTCMKTS:FQVLF) Shares Down 4.3% – What’s Next?

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) fell 4.3% on Thursday . The company traded as low as $28.52 and last traded at $28.55. 24,871 shares were traded during mid-day trading, a decline of 90% from the average session volume of 256,953 shares. The stock had previously closed at $29.84.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on FQVLF shares. Zacks Research cut First Quantum Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Stifel Nicolaus raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 21st. BMO Capital Markets reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday, October 29th. Citigroup restated a “buy” rating on shares of First Quantum Minerals in a research note on Wednesday, October 8th. Finally, Scotiabank reaffirmed a “sector perform” rating on shares of First Quantum Minerals in a report on Friday, January 16th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Stock Performance

The stock has a market capitalization of $24.85 billion, a price-to-earnings ratio of 595.92 and a beta of 1.33. The company’s fifty day simple moving average is $25.44 and its 200 day simple moving average is $21.42. The company has a quick ratio of 1.08, a current ratio of 1.94 and a debt-to-equity ratio of 0.45.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its earnings results 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 company 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%. On average, equities research analysts expect that First Quantum Minerals Ltd. will post 0.03 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.