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

First Quantum Minerals (OTCMKTS:FQVLF - Get Free Report) posted its quarterly earnings data on Tuesday. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.12, Yahoo Finance reports. The company had revenue of $1.28 billion for the quarter, compared to analysts' expectations of $1.09 billion. First Quantum Minerals had a negative return on equity of 0.57% and a negative net margin of 24.07%.

First Quantum Minerals Stock Up 0.5 %

FQVLF stock traded up $0.06 during mid-day trading on Wednesday, hitting $13.30. 259,088 shares of the company were exchanged, compared to its average volume of 266,599. The company has a market capitalization of $11.09 billion, a PE ratio of -7.82 and a beta of 1.50. The company has a current ratio of 2.68, a quick ratio of 1.32 and a debt-to-equity ratio of 0.49. First Quantum Minerals has a twelve month low of $6.92 and a twelve month high of $22.22. The firm has a fifty day simple moving average of $12.70 and a 200 day simple moving average of $12.62.

Analysts Set New Price Targets

Separately, Morgan Stanley downgraded shares of First Quantum Minerals from an "overweight" rating to an "equal weight" rating in a research note on Monday, July 8th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $16.00.

First Quantum Minerals Company Profile

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.