First Quantum Minerals (OTCMKTS:FQVLF) Announces Earnings Results, Misses Estimates By $0.01 EPS

First Quantum Minerals (OTCMKTS:FQVLF) released its quarterly earnings results on Tuesday. The basic materials company reported $0.04 earnings per share 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 Price Performance

Shares of FQVLF stock traded down $0.65 during trading hours on Tuesday, reaching $13.17. The company had a trading volume of 416,506 shares, compared to its average volume of 207,423. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.93 and a current ratio of 1.80. The stock has a fifty day moving average of $13.34 and a 200-day moving average of $12.93. The company has a market capitalization of $10.98 billion, a price-to-earnings ratio of -5.90, a PEG ratio of 52.65 and a beta of 1.47. First Quantum Minerals has a 12-month low of $8.22 and a 12-month high of $15.23.

Wall Street Analyst Weigh In

Several research firms have commented on FQVLF. Barclays upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Canaccord Genuity Group lowered First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” 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.