First Quantum Minerals (OTCMKTS:FQVLF) Releases Earnings Results, Beats Estimates By $0.12 EPS

First Quantum Minerals (OTCMKTS:FQVLF) issued its earnings results on Tuesday. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.12, Yahoo Finance reports. First Quantum Minerals had a negative return on equity of 0.57% and a negative net margin of 24.07%. The business had revenue of $1.28 billion during the quarter, compared to analysts’ expectations of $1.09 billion.

First Quantum Minerals Stock Performance

Shares of First Quantum Minerals stock traded up $0.05 during trading hours on Thursday, reaching $13.35. The company had a trading volume of 277,318 shares, compared to its average volume of 265,605. First Quantum Minerals has a one year low of $6.92 and a one year high of $21.84. The business has a fifty day simple moving average of $12.70 and a 200 day simple moving average of $12.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.68 and a quick ratio of 1.32. The firm has a market cap of $11.13 billion, a PE ratio of -7.85 and a beta of 1.50.

Analyst Ratings Changes

Separately, Morgan Stanley lowered First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 8th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, First Quantum Minerals presently has an average rating of “Hold” and a consensus target price of $16.00.

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.