First Quantum Minerals (FQVLF) Projected to Post Quarterly Earnings on Tuesday

First Quantum Minerals (OTCMKTS:FQVLF) is anticipated to announce its results after the market closes on Tuesday, October 28th. Analysts expect the company to announce earnings of $0.07 per share and revenue of $1.4696 billion for the quarter.

First Quantum Minerals (OTCMKTS:FQVLF) last announced its quarterly earnings data on Wednesday, July 23rd. The basic materials company reported $0.02 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.05. First Quantum Minerals had a net margin of 4.08% and a return on equity of 1.44%. The company had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.06 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 Price Performance

Shares of OTCMKTS FQVLF opened at $21.70 on Friday. First Quantum Minerals has a twelve month low of $10.18 and a twelve month high of $24.75. The firm has a market cap of $18.10 billion, a P/E ratio of 90.42 and a beta of 1.36. The company has a quick ratio of 1.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.48. The company has a 50 day moving average of $19.99 and a 200 day moving average of $16.99.

Analyst Ratings Changes

FQVLF has been the subject of several recent research reports. Barclays reiterated an “overweight” rating on shares of First Quantum Minerals in a research note on Monday, July 28th. Zacks Research upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 6th. Stifel Canada upgraded First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 21st. Scotiabank reiterated a “sector perform” rating on shares of First Quantum Minerals in a research note on Tuesday, July 8th. Finally, Raymond James Financial restated a “market perform” rating on shares of First Quantum Minerals in a research note on Friday, October 10th. Four equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “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.