First Quantum Minerals (FQVLF) Projected to Release Earnings on Tuesday

First Quantum Minerals (OTCMKTS:FQVLF) is anticipated to issue its results after the market closes on Tuesday, July 28th. Analysts expect the company to post earnings of ($0.01) per share and revenue of $1.4148 billion for the quarter.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings data on Tuesday, April 28th. The basic materials company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.22). First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.21%. The business had revenue of $1.40 billion during the quarter, compared to analyst estimates of $1.36 billion. On average, analysts expect First Quantum Minerals to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Quantum Minerals Price Performance

Shares of FQVLF stock opened at $26.77 on Tuesday. The firm’s 50 day moving average price is $28.19 and its two-hundred day moving average price is $27.26. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.86 and a current ratio of 1.42. First Quantum Minerals has a 52-week low of $15.60 and a 52-week high of $33.33. The stock has a market cap of $22.33 billion, a PE ratio of -107.08 and a beta of 1.36.

Analysts Set New Price Targets

FQVLF has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft raised First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, June 3rd. Morgan Stanley reiterated an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 8th. TD Securities raised First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Tuesday, July 14th. Citigroup restated a “positive” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. Finally, Scotiabank restated an “outperform” rating on shares of First Quantum Minerals in a research report on Monday, June 15th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “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.