First Quantum Minerals (FM) to Release Earnings on Tuesday

First Quantum Minerals (TSE:FM) will issue its quarterly earnings data after the market closes on Tuesday, July 23rd. Analysts expect the company to announce earnings of C($0.05) per share for the quarter.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported C($0.27) EPS for the quarter, missing analysts’ consensus estimates of C($0.19) by C($0.08). The firm had revenue of C$1.40 billion for the quarter, compared to analysts’ expectations of C$1.25 billion. First Quantum Minerals had a negative return on equity of 12.97% and a negative net margin of 20.02%.

First Quantum Minerals Stock Up 1.1 %

Shares of TSE:FM opened at C$16.56 on Monday. First Quantum Minerals has a fifty-two week low of C$9.31 and a fifty-two week high of C$39.13. The company has a quick ratio of 1.41, a current ratio of 2.68 and a debt-to-equity ratio of 52.05. The firm’s 50-day simple moving average is C$17.91 and its 200-day simple moving average is C$15.42. The company has a market cap of C$13.80 billion, a price-to-earnings ratio of -7.17, a PEG ratio of -1.28 and a beta of 1.96.

Insider Buying and Selling at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 49,250 shares of First Quantum Minerals stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of C$17.97, for a total transaction of C$885,022.50. 16.10% of the stock is owned by insiders.

Analyst Ratings Changes

FM has been the topic of several recent analyst reports. Citigroup upgraded First Quantum Minerals from a “neutral” rating to a “buy” rating and boosted their target price for the stock from C$14.00 to C$26.00 in a research report on Thursday, June 20th. Stifel Nicolaus upped their price objective on First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. TD Securities raised their target price on First Quantum Minerals from C$17.00 to C$18.00 and gave the company a “hold” rating in a report on Thursday, April 25th. CIBC upped their price target on shares of First Quantum Minerals from C$15.00 to C$18.00 and gave the stock a “neutral” rating in a research note on Thursday, June 20th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and raised their price objective for the company from C$19.00 to C$26.00 in a research note on Wednesday, June 26th. Eleven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, First Quantum Minerals presently has an average rating of “Hold” and an average target price of C$19.52.

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.