First Quantum Minerals (OTCMKTS:FQVLF) Sees Strong Trading Volume – What’s Next?

First Quantum Minerals Ltd. (OTCMKTS:FQVLF) saw strong trading volume on Thursday . 939,285 shares were traded during mid-day trading, an increase of 204% from the previous session’s volume of 309,044 shares.The stock last traded at $26.0468 and had previously closed at $27.50.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FQVLF shares. Scotiabank restated a “sector perform” rating on shares of First Quantum Minerals in a research note on Friday, January 16th. Citigroup restated a “buy” rating on shares of First Quantum Minerals in a research report on Wednesday, October 8th. Morgan Stanley restated an “overweight” rating on shares of First Quantum Minerals in a report on Tuesday, December 16th. Raymond James Financial reiterated a “market perform” rating on shares of First Quantum Minerals in a research note on Wednesday, January 14th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday, October 29th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

First Quantum Minerals Stock Down 5.9%

The company has a market capitalization of $21.59 billion, a price-to-earnings ratio of 517.70 and a beta of 1.32. The company has a current ratio of 1.94, a quick ratio of 1.08 and a debt-to-equity ratio of 0.45. The firm’s 50 day simple moving average is $26.87 and its 200-day simple moving average is $22.15.

About First Quantum Minerals

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.