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

First Quantum Minerals (OTCMKTS:FQVLF) posted its quarterly earnings data on Tuesday. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.12, Yahoo Finance reports. The business had revenue of $1.28 billion during the quarter, compared to the consensus estimate 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 Price Performance

OTCMKTS:FQVLF opened at $13.30 on Thursday. The stock has a market cap of $11.09 billion, a P/E ratio of -7.82 and a beta of 1.50. First Quantum Minerals has a one year low of $6.92 and a one year high of $22.22. The company has a fifty day moving average price of $12.70 and a 200 day moving average price 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.

Wall Street Analysts Forecast Growth

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

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.