First Quantum Minerals (OTCMKTS:FQVLF) Posts Quarterly Earnings Results, Beats Expectations By $0.12 EPS

First Quantum Minerals (OTCMKTS:FQVLF) released its quarterly earnings results on Tuesday. The basic materials company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.12, Yahoo Finance reports. First Quantum Minerals had a negative net margin of 24.07% and a negative return on equity of 0.57%.

First Quantum Minerals Stock Performance

OTCMKTS FQVLF opened at $13.24 on Wednesday. The firm has a market cap of $11.04 billion, a P/E ratio of -7.79 and a beta of 1.50. The company has a quick ratio of 1.32, a current ratio of 2.68 and a debt-to-equity ratio of 0.49. The company’s 50 day moving average is $12.66 and its 200-day moving average is $12.61. First Quantum Minerals has a 12-month low of $6.92 and a 12-month high of $22.22.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered shares of First Quantum Minerals from an “overweight” rating to an “equal weight” rating in a research report on Monday, July 8th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $16.00.

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.