First Quantum Minerals (OTCMKTS:FQVLF) Releases Earnings Results, Misses Estimates By $0.22 EPS

First Quantum Minerals (OTCMKTS:FQVLF) 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. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.49 billion. First Quantum Minerals had a negative net margin of 0.53% and a positive return on equity of 0.07%.

First Quantum Minerals Stock Performance

Shares of FQVLF stock opened at $23.70 on Thursday. The business’s fifty day simple moving average is $25.82 and its 200-day simple moving average is $25.25. The company has a market cap of $19.77 billion, a PE ratio of -592.50 and a beta of 1.40. The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. First Quantum Minerals has a 12-month low of $12.31 and a 12-month high of $33.30.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of First Quantum Minerals in a research report on Wednesday, April 15th. Scotiabank restated an “outperform” rating on shares of First Quantum Minerals in a research report on Tuesday, February 24th. TD Securities restated a “hold” rating on shares of First Quantum Minerals in a research report on Thursday, February 12th. Raymond James Financial restated a “market perform” rating on shares of First Quantum Minerals in a research report on Wednesday, January 14th. Finally, UBS Group upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 12th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus 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.