First Quantum Minerals (OTCMKTS:FQVLF) Issues Earnings Results, Misses Expectations By $0.01 EPS

First Quantum Minerals (OTCMKTS:FQVLF) issued its quarterly earnings results on Tuesday. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01), Zacks reports. First Quantum Minerals had a negative return on equity of 2.69% and a negative net margin of 32.41%.

First Quantum Minerals Price Performance

Shares of First Quantum Minerals stock traded down $0.65 during trading hours on Tuesday, reaching $13.17. 416,506 shares of the company’s stock were exchanged, compared to its average volume of 207,423. The business has a fifty day moving average of $13.34 and a two-hundred day moving average of $12.93. The company has a market capitalization of $10.98 billion, a P/E ratio of -5.90, a price-to-earnings-growth ratio of 52.65 and a beta of 1.47. The company has a quick ratio of 0.93, a current ratio of 1.80 and a debt-to-equity ratio of 0.48. First Quantum Minerals has a 1 year low of $8.22 and a 1 year high of $15.23.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Barclays upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” 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.