First Quantum Minerals (FQVLF) Projected to Announce Earnings on Tuesday

First Quantum Minerals (OTCMKTS:FQVLF) is projected to announce its results after the market closes on Tuesday, July 28th. Analysts expect the company to announce earnings of ($0.05) per share and revenue of $1.4016 billion for the quarter.

First Quantum Minerals (OTCMKTS:FQVLF) last released its earnings results on Tuesday, April 28th. The basic materials company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.22). The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. First Quantum Minerals had a negative return on equity of 1.21% and a negative net margin of 3.69%. On average, analysts expect First Quantum Minerals to post $0 EPS for the current fiscal year and $2 EPS for the next fiscal year.

First Quantum Minerals Trading Down 1.1%

First Quantum Minerals stock opened at $27.37 on Friday. The business has a 50 day moving average price of $28.29 and a two-hundred day moving average price of $27.28. The company has a quick ratio of 0.86, a current ratio of 1.42 and a debt-to-equity ratio of 0.44. The stock has a market cap of $22.83 billion, a price-to-earnings ratio of -109.48 and a beta of 1.36. First Quantum Minerals has a 12 month low of $15.60 and a 12 month high of $33.33.

Analysts Set New Price Targets

A number of analysts have recently issued reports on FQVLF shares. TD Securities upgraded First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, July 14th. Citigroup reaffirmed a “positive” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Morgan Stanley reiterated an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 8th. Barclays reissued an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a research note on Wednesday, June 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy”.

About First Quantum Minerals

First Quantum Minerals Ltd. is a Canada-based mining company principally engaged in the exploration, development, production and marketing of copper and other mineral commodities. Headquartered in Vancouver, British Columbia, the company develops and operates large-scale open-pit and underground mines and associated processing facilities. Its activities span the full value chain from exploration and feasibility studies through to mining, milling and the sale of concentrates and refined metals to global customers.

Copper is the company’s primary product, produced alongside by-products such as gold, nickel, zinc and cobalt depending on the orebody.