First Quantum Minerals (OTCMKTS:FQVLF) Shares Up 9.3% – What’s Next?

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) traded up 9.3% during mid-day trading on Wednesday . The company traded as high as $24.4225 and last traded at $24.3950. 1,717 shares traded hands during trading, a decline of 100% from the average session volume of 345,111 shares. The stock had previously closed at $22.32.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Scotiabank reaffirmed an “outperform” rating on shares of First Quantum Minerals in a report on Tuesday, February 24th. TD Securities reiterated a “hold” rating on shares of First Quantum Minerals in a report on Thursday, February 12th. UBS Group raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Raymond James Financial reaffirmed a “market perform” rating on shares of First Quantum Minerals in a research report on Wednesday, January 14th. Finally, Morgan Stanley reissued an “overweight” rating on shares of First Quantum Minerals in a report on Tuesday, December 16th. Three analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Stock Performance

The company has a market capitalization of $20.75 billion, a P/E ratio of -621.75 and a beta of 1.40. The firm has a 50 day moving average price of $26.32 and a two-hundred day moving average price of $24.49. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.86 and a current ratio of 1.42.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings data on Tuesday, February 10th. The basic materials company reported $0.01 earnings per share (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 company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.33 billion. On average, research analysts expect that First Quantum Minerals Ltd. will post 0.03 earnings per share for the current fiscal 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.