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

Shares of First Quantum Minerals Ltd. (OTCMKTS:FQVLF) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on FQVLF. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Desjardins started coverage on First Quantum Minerals in a research report on Friday. They issued a “hold” rating on the stock. Finally, Stifel Canada upgraded First Quantum Minerals to a “hold” rating in a report on Wednesday, March 19th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy”.

First Quantum Minerals Trading Down 12.8 %

The business’s 50-day simple moving average is $13.39 and its two-hundred day simple moving average is $13.39. The stock has a market capitalization of $9.35 billion, a price-to-earnings ratio of -560.50 and a beta of 1.32. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.08 and a quick ratio of 0.93.

First Quantum Minerals (OTCMKTS:FQVLF) last posted 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 net margin of 0.04% and a negative return on equity of 0.15%. On average, research analysts anticipate that First Quantum Minerals Ltd. will post 0.03 earnings per share 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.