First Quantum Minerals (OTCMKTS:FQVLF) Stock Passes Below Fifty Day Moving Average - Here's What Happened

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $13.44 and traded as low as $13.25. First Quantum Minerals shares last traded at $13.81, with a volume of 241,214 shares.

Analysts Set New Price Targets

FQVLF has been the topic of several recent analyst reports. Stifel Canada upgraded First Quantum Minerals to a "hold" rating in a report on Wednesday, March 19th. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a "buy" rating to a "hold" rating in a research report on Thursday, January 16th. Desjardins assumed coverage on shares of First Quantum Minerals in a research report on Friday. They set a "hold" rating on the stock. Finally, National Bankshares restated an "outperform" rating on shares of First Quantum Minerals in a report on Wednesday, April 2nd. Five investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, First Quantum Minerals presently has a consensus rating of "Moderate Buy".

First Quantum Minerals Trading Down 2.5 %

The business's 50-day simple moving average is $13.36 and its 200-day simple moving average is $13.38. The company has a market cap of $9.12 billion, a PE ratio of -546.50 and a beta of 1.32. The company has a current ratio of 2.08, a quick ratio of 0.93 and a debt-to-equity ratio of 0.49.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $0.04 earnings per share (EPS) 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%. As a group, analysts expect that First Quantum Minerals Ltd. will post 0.03 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.