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

Key Points

• First Quantum Minerals is expected to report quarterly earnings after Wednesday’s market close, with analysts forecasting $0.19 in earnings per share and $1.84 billion in revenue.
• The company’s previous quarter fell short of earnings expectations, reporting a $0.13 per-share loss, although revenue of $1.52 billion exceeded estimates.
• Analyst sentiment is generally positive, with a current consensus rating of “Moderate Buy”, despite the stock trading below its 50-day moving average and recent downgrades from some firms.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) is expected to be announcing its results after the market closes on Wednesday, October 28th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $1.84 billion for the quarter.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The basic materials company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). First Quantum Minerals had a negative net margin of 1.44% and a negative return on equity of 2.29%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.40 billion. On average, analysts expect First Quantum Minerals to post $0.32 EPS for the current fiscal year and $1.94 EPS for the next fiscal year.

First Quantum Minerals Stock Performance

First Quantum Minerals stock opened at $25.73 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.03 and a current ratio of 1.90. The stock's fifty day moving average price is $30.71 and its two-hundred day moving average price is $28.80. First Quantum Minerals has a one year low of $19.17 and a one year high of $35.48.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FQVLF. Morgan Stanley reaffirmed an "overweight" rating on shares of First Quantum Minerals in a report on Wednesday, July 8th. Citigroup reiterated a "positive" rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. TD Securities raised shares of First Quantum Minerals from a "hold" rating to a "buy" rating in a research note on Tuesday, July 14th. Zacks Research cut shares of First Quantum Minerals from a "hold" rating to a "strong sell" rating in a research note on Tuesday, October 6th. Finally, Barclays restated an "overweight" rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, First Quantum Minerals presently has an average rating of "Moderate Buy".

About First Quantum Minerals

First Quantum Minerals Ltd. is a mining and metals company focused primarily on the exploration, development and operation of copper mines. The company also produces gold, nickel and other mineral products as by-products of its operations. Its copper production supports industries such as electrical equipment, construction, transportation and renewable energy.

First Quantum's principal operating assets include the Kansanshi copper-gold mine and the Sentinel copper mine in Zambia. The company has also operated the Cobre Panamá copper mine in Panama, although operations there were suspended following government action and a legal dispute in late 2023.

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