First Quantum Minerals (OTCMKTS:FQVLF) Shares Down 1.1%

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) shares dropped 1.1% during trading on Friday . The stock traded as low as $11.54 and last traded at $11.58. Approximately 44,416 shares traded hands during trading, a decline of 85% from the average daily volume of 305,421 shares. The stock had previously closed at $11.71.

Analyst Ratings Changes

FQVLF has been the topic of several research reports. Raymond James raised their price objective on First Quantum Minerals from $13.00 to $16.00 and gave the stock a “market perform” rating in a report on Wednesday, March 20th. Royal Bank of Canada upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a report on Monday, March 4th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, First Quantum Minerals currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.33.

First Quantum Minerals Trading Down 1.1 %

The stock has a 50-day simple moving average of $10.18 and a 200 day simple moving average of $11.39. The company has a current ratio of 1.72, a quick ratio of 0.93 and a debt-to-equity ratio of 0.61. The company has a market cap of $9.65 billion, a price-to-earnings ratio of -8.39 and a beta of 1.82.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings results on Tuesday, February 20th. The basic materials company reported ($0.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.21). First Quantum Minerals had a positive return on equity of 2.19% and a negative net margin of 14.78%. The firm had revenue of $1.22 billion for the quarter. As a group, equities research analysts predict that First Quantum Minerals Ltd. will post -0.14 EPS for the current fiscal year.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.