First Quantum Minerals (FQVLF) to Release Earnings on Tuesday

Key Points

• First Quantum Minerals is scheduled to release its earnings after the market closes on October 28th, with expected earnings of $0.07 per share and revenue of $1.4696 billion for the quarter.
• The company previously reported a net margin of 4.08% and a revenue of $1.23 billion in its last earnings release, surpassing analyst expectations.
• Analysts currently have a consensus rating of "Moderate Buy" for First Quantum Minerals, with three analysts rating it as a Strong Buy.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) is anticipated to release its results after the market closes on Tuesday, October 28th. Analysts expect First Quantum Minerals to post earnings of $0.07 per share and revenue of $1.4696 billion for the quarter.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.05. First Quantum Minerals had a return on equity of 1.44% and a net margin of 4.08%.The firm had revenue of $1.23 billion for the quarter, compared to analysts' expectations of $1.06 billion. On average, analysts expect First Quantum Minerals to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Quantum Minerals Trading Down 0.5%

Shares of OTCMKTS FQVLF opened at $22.10 on Tuesday. The stock's 50 day moving average price is $19.66 and its two-hundred day moving average price is $16.73. First Quantum Minerals has a 52-week low of $10.18 and a 52-week high of $24.75. The stock has a market capitalization of $18.44 billion, a P/E ratio of 92.09 and a beta of 1.36. The company has a quick ratio of 1.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.48.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. National Bankshares restated an "outperform" rating on shares of First Quantum Minerals in a research note on Wednesday, August 13th. TD Securities restated a "hold" rating on shares of First Quantum Minerals in a research note on Monday, September 29th. Raymond James Financial restated a "market perform" rating on shares of First Quantum Minerals in a research note on Friday, October 10th. Royal Bank Of Canada restated an "outperform" rating on shares of First Quantum Minerals in a research note on Friday, July 25th. Finally, Scotiabank reiterated a "sector perform" rating on shares of First Quantum Minerals in a research report on Tuesday, July 8th. Three analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

About First Quantum Minerals

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.

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