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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) shares gapped up prior to trading on Monday . The stock had previously closed at $26.92, but opened at $29.99. First Quantum Minerals shares last traded at $27.8791, with a volume of 810 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on FQVLF shares. Morgan Stanley raised First Quantum Minerals from an “overweight” rating to an “overweight” rating in a research note on Monday, May 18th. Scotiabank restated an “outperform” rating on shares of First Quantum Minerals in a report on Monday, June 15th. Barclays reiterated an “overweight” rating on shares of First Quantum Minerals in a report on Monday, May 4th. UBS Group raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Stock Down 7.0%

The company has a market cap of $21.37 billion, a P/E ratio of -102.46 and a beta of 1.36. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.42 and a quick ratio of 0.86. The stock has a fifty day moving average price of $27.81 and a two-hundred day moving average price of $27.23.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings data on Tuesday, April 28th. The basic materials company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.22). The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.36 billion. First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.21%. On average, research analysts expect that First Quantum Minerals Ltd. will post 0.36 EPS for the current 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.