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

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) shares gapped down before the market opened on Tuesday . The stock had previously closed at $25.58, but opened at $22.01. First Quantum Minerals shares last traded at $25.7125, with a volume of 3,743 shares.

Wall Street Analysts Forecast Growth

Several research firms recently commented on FQVLF. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of First Quantum Minerals in a research report on Wednesday, April 15th. TD Securities reiterated a “hold” rating on shares of First Quantum Minerals in a research note on Thursday, February 12th. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a report on Monday, May 4th. Scotiabank reaffirmed an “outperform” rating on shares of First Quantum Minerals in a research note on Tuesday, February 24th. Finally, UBS Group raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 12th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

First Quantum Minerals Price Performance

The stock has a market cap of $21.37 billion, a price-to-earnings ratio of -102.48 and a beta of 1.26. The company’s 50 day moving average is $25.34 and its 200 day moving average is $25.35. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.42 and a quick ratio of 0.86.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its earnings results on Tuesday, April 28th. The basic materials company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.22). The company 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%. Research analysts forecast that First Quantum Minerals Ltd. will post 0.49 earnings per share 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.