First Quantum Minerals (OTCMKTS:FQVLF) Posts Earnings Results, Beats Estimates By $0.12 EPS

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

First Quantum Minerals Trading Up 0.5 %

Shares of First Quantum Minerals stock opened at $13.30 on Thursday. The stock has a market capitalization of $11.09 billion, a P/E ratio of -7.82 and a beta of 1.50. The company has a quick ratio of 1.32, a current ratio of 2.68 and a debt-to-equity ratio of 0.49. The company has a 50-day simple moving average of $12.70 and a 200 day simple moving average of $12.62. First Quantum Minerals has a 12-month low of $6.92 and a 12-month high of $22.22.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut 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 company’s stock. Based on data from MarketBeat, First Quantum Minerals currently has an average rating of “Hold” and a consensus price target 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.