First Quantum Minerals (OTCMKTS:FQVLF) Announces Quarterly Earnings Results

First Quantum Minerals (OTCMKTS:FQVLF) announced its quarterly earnings results on Tuesday. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.05), Zacks reports. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.33 billion. First Quantum Minerals had a negative net margin of 0.53% and a positive return on equity of 0.07%.

First Quantum Minerals Price Performance

OTCMKTS FQVLF opened at $27.74 on Thursday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.94 and a quick ratio of 1.08. The stock’s fifty day moving average price is $27.37 and its 200 day moving average price is $22.50. First Quantum Minerals has a 1 year low of $10.18 and a 1 year high of $33.30. The company has a market cap of $23.14 billion, a price-to-earnings ratio of -693.52 and a beta of 1.32.

Analyst Upgrades and Downgrades

FQVLF has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research report on Tuesday, December 16th. Scotiabank raised shares of First Quantum Minerals from a “sector perform” rating to an “outperform” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Wednesday, November 26th. Zacks Research lowered shares of First Quantum Minerals from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 4th. Finally, BMO Capital Markets reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday, October 29th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, First Quantum Minerals currently has an average rating of “Moderate Buy”.

About First Quantum Minerals

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.