First Quantum Minerals (OTCMKTS:FQVLF) Issues Earnings Results

First Quantum Minerals (OTCMKTS:FQVLF) released its earnings results on Tuesday. The basic materials company reported $0.14 EPS for the quarter, topping the consensus estimate 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%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.09 billion.

First Quantum Minerals Stock Performance

First Quantum Minerals stock opened at $13.35 on Friday. The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of -7.85 and a beta of 1.50. The firm’s fifty day moving average price is $12.70 and its 200 day moving average price is $12.62. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.68 and a quick ratio of 1.32. First Quantum Minerals has a 12-month low of $6.92 and a 12-month high of $21.84.

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 equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, First Quantum Minerals currently has a consensus rating of “Hold” and an average target price 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.