First Quantum Minerals (OTCMKTS:FQVLF) Sets New 52-Week Low – Should You Sell?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF)’s stock price hit a new 52-week low on Wednesday . The company traded as low as $10.18 and last traded at $12.01, with a volume of 207497 shares traded. The stock had previously closed at $10.54.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FQVLF shares. Desjardins started coverage on First Quantum Minerals in a report on Friday, April 4th. They issued a “hold” rating on the stock. Stifel Canada raised shares of First Quantum Minerals to a “hold” rating in a research note on Wednesday, March 19th. National Bankshares reiterated an “outperform” rating on shares of First Quantum Minerals in a report on Wednesday, April 2nd. Finally, Canaccord Genuity Group lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, First Quantum Minerals presently has an average rating of “Moderate Buy”.

First Quantum Minerals Trading Up 4.3 %

The firm has a 50 day simple moving average of $13.20 and a two-hundred day simple moving average of $13.29. The firm has a market capitalization of $9.74 billion, a P/E ratio of -584.00 and a beta of 1.32. 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 quarterly 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 negative return on equity of 0.15% and a net margin of 0.04%. Equities research analysts forecast that First Quantum Minerals Ltd. will post 0.03 earnings per share for the current 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.