First Quantum Minerals (FQVLF) to Release Earnings on Wednesday

First Quantum Minerals (OTCMKTS:FQVLF) is expected to be posting its quarterly earnings results after the market closes on Wednesday, July 23rd. Analysts expect First Quantum Minerals to post earnings of ($0.02) per share and revenue of $1.06 billion for the quarter.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings results on Wednesday, April 23rd. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. First Quantum Minerals had a return on equity of 1.19% and a net margin of 2.78%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.04 billion. 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 Down 0.1%

Shares of OTCMKTS FQVLF opened at $16.95 on Wednesday. First Quantum Minerals has a 12-month low of $10.18 and a 12-month high of $19.00. The company has a market cap of $14.14 billion, a P/E ratio of 105.94 and a beta of 1.38. The company has a current ratio of 1.87, a quick ratio of 0.94 and a debt-to-equity ratio of 0.50. The stock has a fifty day moving average price of $15.75 and a 200 day moving average price of $14.04.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Barclays reiterated an “overweight” rating on shares of First Quantum Minerals in a report on Tuesday, May 6th. National Bankshares restated an “outperform” rating on shares of First Quantum Minerals in a research note on Wednesday, April 2nd. Raymond James Financial upgraded First Quantum Minerals to a “hold” rating in a research note on Monday, June 30th. Scotiabank restated a “sector perform” rating on shares of First Quantum Minerals in a research note on Tuesday, July 8th. Finally, BMO Capital Markets upgraded First Quantum Minerals to a “strong-buy” rating in a research note on Tuesday, April 15th. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy”.

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.