First Quantum Minerals (FQVLF) Projected to Post Earnings on Tuesday

Key Points

• First Quantum Minerals is expected to report quarterly results after the market close on April 28, with analysts forecasting $0.1604 EPS and $1.4858 billion in revenue.
• In the prior quarter the company missed EPS estimates (reported $0.01 vs. consensus $0.06) while revenue was about $1.48 billion, and analysts now project roughly $1 EPS for the current fiscal year and $2 EPS for next year.
• The stock trades near $28.83 with a market cap of $24.05 billion and a one-year range of $11.27–$33.30, and carries a consensus rating of Moderate Buy.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) will likely be posting its results after the market closes on Tuesday, April 28th. Analysts expect First Quantum Minerals to post earnings of $0.1604 per share and revenue of $1.4858 billion for the quarter.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its earnings results on Tuesday, February 10th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.06 by ($0.05). The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.33 billion. First Quantum Minerals had a positive return on equity of 0.07% and a negative net margin of 0.53%. On average, analysts expect First Quantum Minerals to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Quantum Minerals Price Performance

Shares of OTCMKTS FQVLF opened at $28.83 on Tuesday. The firm has a market cap of $24.05 billion, a P/E ratio of -720.75 and a beta of 1.40. First Quantum Minerals has a 1-year low of $11.27 and a 1-year high of $33.30. The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. The business's 50 day moving average is $25.94 and its 200-day moving average is $25.10.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Scotiabank reissued an "outperform" rating on shares of First Quantum Minerals in a research report on Tuesday, February 24th. Raymond James Financial reissued a "market perform" rating on shares of First Quantum Minerals in a research report on Wednesday, January 14th. UBS Group raised First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 12th. TD Securities reissued a "hold" rating on shares of First Quantum Minerals in a research report on Thursday, February 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a "hold" rating on shares of First Quantum Minerals in a research report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

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.

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