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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF)’s share price gapped down prior to trading on Tuesday . The stock had previously closed at $30.13, but opened at $28.50. First Quantum Minerals shares last traded at $30.16, with a volume of 5,733 shares.

Wall Street Analyst Weigh In

FQVLF has been the subject of a number of recent analyst reports. Morgan Stanley restated an “overweight” rating on shares of First Quantum Minerals in a report on Tuesday, December 16th. Deutsche Bank Aktiengesellschaft cut First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Wednesday, November 26th. Scotiabank reiterated a “sector perform” rating on shares of First Quantum Minerals in a research note on Friday, January 16th. Stifel Nicolaus raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 21st. Finally, Zacks Research lowered First Quantum Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy”.

First Quantum Minerals Stock Performance

The firm has a market capitalization of $25.62 billion, a PE ratio of 614.32 and a beta of 1.33. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.08 and a current ratio of 1.94. The business’s fifty day simple moving average is $25.62 and its 200-day simple moving average is $21.57.

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