First Quantum Minerals (FM) to Release Quarterly Earnings on Tuesday

First Quantum Minerals (TSE:FM - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of C($0.13) per share for the quarter.

First Quantum Minerals (TSE:FM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 20th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C($0.10) by C($0.40). The company had revenue of C$1.66 billion for the quarter, compared to the consensus estimate of C$1.58 billion. First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%.

First Quantum Minerals Stock Performance

FM stock traded up C$0.61 during midday trading on Tuesday, hitting C$15.47. The company's stock had a trading volume of 2,773,104 shares, compared to its average volume of 3,031,273. The stock's 50-day moving average price is C$13.59 and its 200 day moving average price is C$15.69. The company has a quick ratio of 1.41, a current ratio of 1.72 and a debt-to-equity ratio of 81.21. First Quantum Minerals has a 1 year low of C$9.31 and a 1 year high of C$39.13. The stock has a market cap of C$12.89 billion, a price-to-earnings ratio of -8.27, a PEG ratio of -1.28 and a beta of 2.01.

Wall Street Analyst Weigh In

FM has been the topic of a number of research analyst reports. National Bank Financial upgraded First Quantum Minerals from a "sec perform spec market wgt" rating to an "outperform spec market weight" rating in a research note on Thursday, February 29th. Scotiabank cut their price objective on First Quantum Minerals from C$14.50 to C$13.00 and set a "sector perform" rating for the company in a report on Thursday, February 22nd. Royal Bank of Canada upgraded First Quantum Minerals from a "sector perform" rating to an "outperform" rating and increased their target price for the company from C$17.00 to C$18.00 in a report on Monday, March 4th. Barclays increased their target price on First Quantum Minerals from C$13.00 to C$16.00 and gave the company an "equal weight" rating in a report on Tuesday. Finally, Morgan Stanley increased their target price on First Quantum Minerals from C$17.00 to C$18.90 and gave the company an "overweight" rating in a report on Thursday, March 28th. Eleven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of C$16.08.

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.