First Quantum Minerals (FM) to Release Quarterly Earnings on Tuesday

First Quantum Minerals (TSE:FM - Get Free Report) will issue its quarterly earnings data after the market closes on Tuesday, October 22nd. Analysts expect the company to announce earnings of C$0.04 per share for the quarter.

First Quantum Minerals (TSE:FM - Get Free Report) last released its quarterly earnings results on Tuesday, July 23rd. The company reported C($0.03) earnings per share for the quarter, beating analysts' consensus estimates of C($0.05) by C$0.02. First Quantum Minerals had a negative return on equity of 14.87% and a negative net margin of 24.07%. The business had revenue of C$1.68 billion during the quarter, compared to analyst estimates of C$1.42 billion.

First Quantum Minerals Trading Down 4.6 %

Shares of TSE:FM traded down C$0.84 during midday trading on Tuesday, reaching C$17.47. The company had a trading volume of 3,038,774 shares, compared to its average volume of 2,689,017. The company has a debt-to-equity ratio of 67.00, a quick ratio of 1.41 and a current ratio of 2.35. First Quantum Minerals has a 1-year low of C$9.31 and a 1-year high of C$32.47. The firm has a market cap of C$14.57 billion, a price-to-earnings ratio of -6.88, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The company has a fifty day simple moving average of C$16.77 and a two-hundred day simple moving average of C$16.92.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Cormark decreased their price objective on First Quantum Minerals from C$25.00 to C$23.50 and set a "buy" rating for the company in a research report on Thursday, July 25th. Citigroup upgraded First Quantum Minerals from a "neutral" rating to a "buy" rating and raised their price objective for the stock from C$14.00 to C$26.00 in a research report on Thursday, June 20th. Deutsche Bank Aktiengesellschaft upgraded First Quantum Minerals from a "hold" rating to a "buy" rating and raised their price objective for the stock from C$19.00 to C$26.00 in a research report on Wednesday, June 26th. Royal Bank of Canada decreased their price objective on First Quantum Minerals from C$25.00 to C$22.00 and set an "outperform" rating for the company in a research report on Tuesday, September 10th. Finally, National Bankshares decreased their price objective on First Quantum Minerals from C$22.00 to C$21.00 and set an "outperform" rating for the company in a research report on Tuesday. Eleven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of C$20.64.

Insiders Place Their Bets

In other news, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of C$16.54, for a total value of C$264,640.00. In other news, Senior Officer Zenon Wozniak sold 6,323 shares of the stock in a transaction that occurred on Tuesday, September 24th. The stock was sold at an average price of C$18.53, for a total value of C$117,165.19. Also, Senior Officer Ryan Leslie Macwilliam sold 16,000 shares of the stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of C$16.54, for a total value of C$264,640.00. Company insiders own 19.35% of the company's stock.

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.