First Quantum Minerals (FQVLF) Expected to Announce Quarterly Earnings on Wednesday

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $1.04 billion for the quarter.

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). First Quantum Minerals had a net margin of 0.04% and a negative return on equity of 0.15%. On average, analysts expect First Quantum Minerals to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Quantum Minerals Trading Down 0.7 %

FQVLF traded down $0.08 during midday trading on Friday, hitting $11.95. 153,458 shares of the company were exchanged, compared to its average volume of 209,466. The firm's 50 day moving average price is $13.04 and its 200-day moving average price is $13.23. First Quantum Minerals has a 1-year low of $10.18 and a 1-year high of $16.23. The firm has a market capitalization of $9.97 billion, a P/E ratio of -597.45 and a beta of 1.32. The company has a quick ratio of 0.93, a current ratio of 2.08 and a debt-to-equity ratio of 0.49.

Wall Street Analysts Forecast Growth

Several analysts recently commented on FQVLF shares. Desjardins began coverage on First Quantum Minerals in a report on Friday, April 4th. They issued a "hold" rating on the stock. BMO Capital Markets raised shares of First Quantum Minerals to a "strong-buy" rating in a research note on Tuesday. Canaccord Genuity Group upgraded shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a report on Wednesday. National Bankshares reiterated an "outperform" rating on shares of First Quantum Minerals in a report on Wednesday, April 2nd. Finally, Stifel Canada raised First Quantum Minerals to a "hold" rating in a research note on Wednesday, March 19th. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, First Quantum Minerals currently has an average rating of "Buy".

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.