First Quantum Minerals (OTCMKTS:FQVLF) Shares Gap Up – Should You Buy?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF)’s share price gapped up before the market opened on Monday . The stock had previously closed at $26.57, but opened at $27.57. First Quantum Minerals shares last traded at $27.63, with a volume of 4,148 shares.

Wall Street Analyst Weigh In

FQVLF has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft cut First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Wednesday, November 26th. Raymond James Financial reiterated a “market perform” rating on shares of First Quantum Minerals in a report on Wednesday, January 14th. BMO Capital Markets restated an “outperform” rating on shares of First Quantum Minerals in a report on Wednesday, October 29th. TD Securities reiterated a “hold” rating on shares of First Quantum Minerals in a report on Thursday, February 12th. Finally, Scotiabank upgraded First Quantum Minerals from a “hold” rating to an “outperform” rating in a report on Thursday, February 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Trading Up 1.9%

The company has a market cap of $23.40 billion, a PE ratio of -701.25 and a beta of 1.32. The business’s 50-day simple moving average is $27.77 and its 200-day simple moving average is $23.03. The company has a current ratio of 1.94, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45.

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings results on Tuesday, February 10th. The basic materials company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05). First Quantum Minerals had a negative net margin of 0.53% and a positive return on equity of 0.07%. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.33 billion. As a group, analysts expect that First Quantum Minerals Ltd. will post 0.03 EPS for the current fiscal 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.