First Quantum Minerals (FQVLF) Projected to Post Earnings on Wednesday

First Quantum Minerals (OTCMKTS:FQVLF) is anticipated to post its quarterly earnings results after the market closes on Wednesday, April 23rd. Analysts expect First Quantum Minerals to post earnings of ($0.05) per share and revenue of $1.04 billion for the quarter.

First Quantum Minerals (OTCMKTS:FQVLF) last posted its quarterly earnings results on Tuesday, February 11th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). First Quantum Minerals had a net margin of 0.04% and a negative return on equity of 0.15%. On average, analysts expect First Quantum Minerals to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

First Quantum Minerals Stock Up 0.6 %

Shares of OTCMKTS:FQVLF opened at $11.93 on Wednesday. The company has a quick ratio of 0.93, a current ratio of 2.08 and a debt-to-equity ratio of 0.49. The business’s 50 day moving average is $13.14 and its 200 day moving average is $13.26. The stock has a market cap of $9.95 billion, a P/E ratio of -596.35 and a beta of 1.32. First Quantum Minerals has a 52-week low of $10.18 and a 52-week high of $16.23.

Analysts Set New Price Targets

Several research firms have recently commented on FQVLF. Canaccord Genuity Group lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a report on Thursday, January 16th. Stifel Canada raised First Quantum Minerals to a “hold” rating in a research report on Wednesday, March 19th. National Bankshares reissued an “outperform” rating on shares of First Quantum Minerals in a research report on Wednesday, April 2nd. Finally, Desjardins assumed coverage on shares of First Quantum Minerals in a report on Friday, April 4th. They issued a “hold” rating for the company. Five 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 stock. According to data from MarketBeat.com, First Quantum Minerals presently has an average rating of “Moderate Buy”.

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.