First Quantum Minerals (FQVLF) Projected to Post Quarterly Earnings on Wednesday

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, July 23rd. Analysts expect the company to announce earnings of ($0.02) per share and revenue of $1.06 billion for the quarter.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported ($0.03) earnings per share for the quarter, beating analysts' consensus estimates of ($0.06) by $0.03. First Quantum Minerals had a net margin of 2.78% and a return on equity of 1.19%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.04 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 Price Performance

Shares of FQVLF stock traded down $0.12 during mid-day trading on Friday, reaching $17.06. The company's stock had a trading volume of 269,394 shares, compared to its average volume of 192,273. First Quantum Minerals has a 1-year low of $10.18 and a 1-year high of $19.00. The company has a market cap of $14.23 billion, a P/E ratio of 106.62 and a beta of 1.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.94 and a current ratio of 1.87. The firm's 50-day moving average is $15.95 and its two-hundred day moving average is $14.12.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. National Bankshares reiterated an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, April 2nd. Canaccord Genuity Group raised shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Scotiabank reissued a "sector perform" rating on shares of First Quantum Minerals in a research note on Tuesday, July 8th. BMO Capital Markets raised shares of First Quantum Minerals to a "strong-buy" rating in a research note on Tuesday, April 15th. Finally, Barclays reaffirmed an "overweight" rating on shares of First Quantum Minerals in a research note on Tuesday, May 6th. Four equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy".

First Quantum Minerals Company Profile

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.