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

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) issued its quarterly earnings data on Tuesday. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 Trading Down 0.6 %

Shares of FQVLF traded down $0.08 during trading hours on Friday, hitting $13.87. The company had a trading volume of 107,465 shares, compared to its average volume of 196,570. The firm has a market cap of $11.57 billion, a P/E ratio of -6.22, a P/E/G ratio of 52.65 and a beta of 1.47. The stock's 50 day moving average price is $13.28 and its 200 day moving average price is $12.96. 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 52-week low of $8.22 and a 52-week high of $15.23.

Wall Street Analysts Forecast Growth

FQVLF has been the topic of a number of recent analyst reports. Barclays upgraded First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, November 12th. Canaccord Genuity Group downgraded First Quantum Minerals from a "buy" rating to a "hold" rating in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price 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.