First Quantum Minerals (OTCMKTS:FQVLF) Issues Quarterly Earnings Results, Beats Expectations By $0.12 EPS

First Quantum Minerals (OTCMKTS:FQVLF) issued its quarterly earnings data on Tuesday. The basic materials company reported $0.14 EPS for the quarter, topping 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%.

First Quantum Minerals Stock Performance

Shares of FQVLF traded up $0.25 during trading hours on Wednesday, reaching $13.24. 90,828 shares of the company’s stock traded hands, compared to its average volume of 266,636. The business’s fifty day simple moving average is $12.66 and its two-hundred day simple moving average is $12.61. The firm has a market capitalization of $11.04 billion, a price-to-earnings ratio of -7.79 and a beta of 1.50. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.68 and a quick ratio of 1.32. First Quantum Minerals has a twelve month low of $6.92 and a twelve month high of $22.22.

Analyst Ratings Changes

Separately, Morgan Stanley lowered First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a report on Monday, July 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price 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.