First Quantum Minerals (OTCMKTS:FQVLF) Shares Cross Below Fifty Day Moving Average - Here's Why

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Get Free Report)'s share price passed 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 trading hands.

Analyst Ratings Changes

Several analysts recently commented on FQVLF shares. Canaccord Genuity Group cut shares of First Quantum Minerals from a "buy" rating to a "hold" rating in a research note on Thursday, January 16th. Barclays upgraded shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $16.00.

First Quantum Minerals Stock Down 3.7 %

The company has a debt-to-equity ratio of 0.49, a current ratio of 2.08 and a quick ratio of 0.93. The firm's 50-day moving average price is $13.08 and its 200 day moving average price is $13.08. The firm has a market capitalization of $10.36 billion, a price-to-earnings ratio of -621.00 and a beta of 1.49.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its earnings results on Tuesday, February 11th. The basic materials company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). First Quantum Minerals had a net margin of 0.04% and a negative return on equity of 0.15%. Sell-side analysts expect that First Quantum Minerals Ltd. will post 0.03 EPS for the current year.

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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.