First Quantum Minerals (OTCMKTS:FQVLF) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

First Quantum Minerals (OTCMKTS:FQVLF) issued its quarterly earnings data on Tuesday. The basic materials company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.12, Yahoo Finance reports. The firm had revenue of $1.28 billion for the quarter, compared to analyst estimates of $1.09 billion. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 0.57%.

First Quantum Minerals Stock Up 0.5 %

Shares of FQVLF opened at $13.30 on Thursday. The company has a quick ratio of 1.32, a current ratio of 2.68 and a debt-to-equity ratio of 0.49. The company has a 50-day moving average price of $12.70 and a two-hundred day moving average price of $12.62. The stock has a market cap of $11.09 billion, a price-to-earnings ratio of -7.82 and a beta of 1.50. First Quantum Minerals has a 12 month low of $6.92 and a 12 month high of $22.22.

Analyst Ratings Changes

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