First Quantum Minerals (OTCMKTS:FQVLF) Issues Quarterly Earnings Results

First Quantum Minerals (OTCMKTS:FQVLF) posted its earnings results on Tuesday. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.06), reports. The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $931.34 million. First Quantum Minerals had a positive return on equity of 0.26% and a negative net margin of 20.02%.

First Quantum Minerals Trading Up 2.6 %

FQVLF opened at $11.65 on Thursday. First Quantum Minerals has a 12 month low of $6.92 and a 12 month high of $29.79. The stock has a market capitalization of $9.71 billion, a price-to-earnings ratio of -6.85 and a beta of 1.82. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.72 and a quick ratio of 0.93. The business has a fifty day moving average price of $10.35 and a 200 day moving average price of $11.10.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on FQVLF. Royal Bank of Canada raised First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 4th. Raymond James lifted their price objective on First Quantum Minerals from $13.00 to $16.00 and gave the company a “market perform” rating in a research note on Wednesday, March 20th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $33.33.

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.