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A few growth stocks have slipped this last week. Big Tech earnings and interest rate announcements (or lack thereof) have all influenced share prices. However, there was another growth stock that fell, and it could signal a great time to buy.
What happened?
Growth stock First Quantum Minerals (TSX:FM) slipped by about 5% this week in the poor performing market. Honestly, shares then surged right back up by 5% the next day. That being said, it’s important for investors to consider valuation as well when looking at this mineral producer.
FM stock focuses mainly on the production of copper, a supply that had a lot of issues over the year. That is, until the last quarter, when investors saw earnings surge past analyst estimates. And that should continue during the next earnings report as well.
That’s because the company announced late in January that it plans to sell 120,000…
