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

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

First Quantum Minerals Trading Down 1.2%

Shares of FQVLF stock traded down $0.21 on Friday, hitting $17.32. The company had a trading volume of 25,581 shares, compared to its average volume of 199,240. First Quantum Minerals has a twelve month low of $10.18 and a twelve month high of $19.00. 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 has a market cap of $14.45 billion, a P/E ratio of 72.17 and a beta of 1.38. The stock's 50-day moving average is $16.21 and its two-hundred day moving average is $14.24.

Wall Street Analyst Weigh In

FQVLF has been the topic of a number of analyst reports. Barclays restated an "overweight" rating on shares of First Quantum Minerals in a research report on Tuesday, May 6th. Scotiabank reiterated a "sector perform" rating on shares of First Quantum Minerals in a research report on Tuesday, July 8th. Desjardins initiated coverage on shares of First Quantum Minerals in a research report on Friday, April 4th. They set a "hold" rating for the company. National Bankshares reiterated an "outperform" rating on shares of First Quantum Minerals in a research note on Wednesday, April 2nd. Finally, Canaccord Genuity Group raised First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Four research 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's stock. Based on data from MarketBeat, First Quantum Minerals presently 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.