First Quantum Minerals (OTCMKTS:FQVLF) Sees Strong Trading Volume – Should You Buy?

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.

Analyst Ratings Changes

A number of equities research analysts have commented on FQVLF shares. Raymond James Financial reissued a “market perform” rating on shares of First Quantum Minerals in a report on Wednesday, January 14th. BMO Capital Markets reissued an “outperform” rating on shares of First Quantum Minerals in a report on Wednesday, October 29th. Scotiabank restated a “sector perform” rating on shares of First Quantum Minerals in a research report on Friday, January 16th. Morgan Stanley reiterated an “overweight” rating on shares of First Quantum Minerals in a research report on Tuesday, December 16th. Finally, Zacks Research cut First Quantum Minerals from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, First Quantum Minerals has an average rating of “Moderate Buy”.

First Quantum Minerals Price Performance

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

First Quantum Minerals Company Profile

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.