First Quantum Minerals (OTCMKTS:FQVLF) Posts Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Key Points

• Q1 miss: First Quantum reported EPS of ($0.18), missing the $0.04 consensus by $0.22, and revenue came in at $1.40 billion versus estimates of $1.49 billion.
• The stock fell about 4.9% after the release and trades near $25 with a 12‑month range of $12.31–$33.30 and a market capitalization of roughly $20.9 billion; the company currently shows a negative PE (-625.25).
• Analyst sentiment is mixed but mildly positive with an average rating of "Moderate Buy" (2 Strong Buy, 7 Buy, 4 Hold), and UBS recently upgraded the stock to a strong-buy.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) posted its earnings results on Tuesday. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.22), Zacks reports. First Quantum Minerals had a positive return on equity of 0.07% and a negative net margin of 0.53%.The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.49 billion.

First Quantum Minerals Trading Down 4.9%

OTCMKTS:FQVLF opened at $25.01 on Wednesday. First Quantum Minerals has a 12 month low of $12.31 and a 12 month 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 firm's 50 day moving average is $25.88 and its 200 day moving average is $25.26. The stock has a market capitalization of $20.86 billion, a PE ratio of -625.25 and a beta of 1.40.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on FQVLF. Scotiabank reiterated an "outperform" rating on shares of First Quantum Minerals in a report on Tuesday, February 24th. Raymond James Financial reiterated a "market perform" rating on shares of First Quantum Minerals in a research note on Wednesday, January 14th. UBS Group upgraded shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a 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 restated a "hold" rating on shares of First Quantum Minerals in a report on Wednesday, April 15th. Two analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy".

About First Quantum Minerals

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.