First Quantum Minerals (FM) Set to Announce Earnings on Tuesday

First Quantum Minerals (TSE:FM) will announce its earnings results after the market closes on Tuesday, April 23rd. Analysts expect the company to announce earnings of C($0.13) per share for the quarter.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C($0.10) by C($0.40). First Quantum Minerals had a negative net margin of 14.78% and a negative return on equity of 10.80%. The company had revenue of C$1.66 billion for the quarter, compared to analyst estimates of C$1.58 billion.

First Quantum Minerals Trading Down 2.7 %

Shares of First Quantum Minerals stock opened at C$14.86 on Tuesday. The firm’s 50 day simple moving average is C$13.59 and its two-hundred day simple moving average is C$15.69. The firm has a market capitalization of C$12.39 billion, a price-to-earnings ratio of -7.95, a PEG ratio of -1.28 and a beta of 2.01. The company has a current ratio of 1.72, a quick ratio of 1.41 and a debt-to-equity ratio of 81.21. First Quantum Minerals has a 12-month low of C$9.31 and a 12-month high of C$39.13.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Citigroup lowered their price target on shares of First Quantum Minerals from C$32.00 to C$14.00 and set a “neutral” rating on the stock in a report on Wednesday, January 10th. Morgan Stanley lifted their target price on shares of First Quantum Minerals from C$17.00 to C$18.90 and gave the stock an “overweight” rating in a research note on Thursday, March 28th. National Bank Financial raised shares of First Quantum Minerals from a “sec perform spec market wgt” rating to an “outperform spec market weight” rating in a research note on Thursday, February 29th. CIBC reduced their price target on shares of First Quantum Minerals from C$15.00 to C$14.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 21st. Finally, Scotiabank reduced their price target on shares of First Quantum Minerals from C$14.50 to C$13.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 22nd. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of C$15.91.

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.