First Quantum Minerals (OTCMKTS:FQVLF) Releases Earnings Results, Beats Expectations By $0.05 EPS

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) posted its quarterly earnings data on Wednesday. The basic materials company reported $0.02 earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.05, Zacks reports. The business had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.06 billion. First Quantum Minerals had a net margin of 4.08% and a return on equity of 1.44%.

First Quantum Minerals Stock Performance

FQVLF traded down $0.22 during trading hours on Friday, hitting $17.31. The stock had a trading volume of 136,319 shares, compared to its average volume of 188,067. The company's fifty day simple moving average is $16.28 and its 200 day simple moving average is $14.27. First Quantum Minerals has a 1 year low of $10.18 and a 1 year high of $19.00. The stock has a market cap of $14.44 billion, a PE ratio of 72.13 and a beta of 1.38. The company has a quick ratio of 0.94, a current ratio of 1.87 and a debt-to-equity ratio of 0.50.

Analysts Set New Price Targets

A number of analysts have weighed in on FQVLF shares. Desjardins started coverage on shares of First Quantum Minerals in a research report on Friday, April 4th. They set a "hold" rating for the company. Barclays reissued an "overweight" rating on shares of First Quantum Minerals in a research report on Tuesday, May 6th. Scotiabank reissued a "sector perform" rating on shares of First Quantum Minerals in a research report on Tuesday, July 8th. National Bankshares reissued an "outperform" rating on shares of First Quantum Minerals in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets upgraded First Quantum Minerals to a "strong-buy" rating in a report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average 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.