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

First Quantum Minerals (OTCMKTS:FQVLF) released its quarterly earnings data 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 Stock Performance

Shares of FQVLF stock traded down $0.65 on Tuesday, hitting $13.17. The company had a trading volume of 416,506 shares, compared to its average volume of 207,423. The firm has a market cap of $10.98 billion, a P/E ratio of -5.90, a price-to-earnings-growth ratio of 52.65 and a beta of 1.47. The company has a 50-day moving average price of $13.34 and a 200-day moving average price of $12.93. The company has a quick ratio of 0.93, a current ratio of 1.80 and a debt-to-equity ratio of 0.48. First Quantum Minerals has a twelve month low of $8.22 and a twelve month high of $15.23.

Analysts Set New Price Targets

Several analysts have commented on the stock. Canaccord Genuity Group lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Barclays raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, November 12th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price 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.