First Quantum Minerals (OTCMKTS:FQVLF) Stock Price Passes Below 50 Day Moving Average – What’s Next?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.10 and traded as low as $11.77. First Quantum Minerals shares last traded at $12.89, with a volume of 78,297 shares changing hands.

Analyst Ratings Changes

A number of research firms recently issued reports on FQVLF. Barclays upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, First Quantum Minerals presently has an average rating of “Moderate Buy” and an average price target of $16.00.

First Quantum Minerals Stock Up 10.4 %

The firm has a market capitalization of $10.75 billion, a PE ratio of -644.50 and a beta of 1.49. The company has a fifty day simple moving average of $13.10 and a two-hundred day simple moving average of $13.08. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.93 and a current ratio of 2.08.

First Quantum Minerals (OTCMKTS:FQVLF) last issued its earnings results on Tuesday, February 11th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). First Quantum Minerals had a negative return on equity of 0.15% and a net margin of 0.04%. Analysts forecast that First Quantum Minerals Ltd. will post 0.03 EPS for the current fiscal year.

About First Quantum Minerals

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.