First Quantum Minerals (OTCMKTS:FQVLF) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

First Quantum Minerals (OTCMKTS:FQVLF) issued its quarterly earnings data on Tuesday. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01), Zacks reports. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 2.69%.

First Quantum Minerals Trading Up 0.9 %

Shares of OTCMKTS:FQVLF opened at $13.29 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.80 and a quick ratio of 0.93. First Quantum Minerals has a 1-year low of $8.22 and a 1-year high of $15.23. The business’s 50 day moving average is $13.33 and its 200-day moving average is $12.93.

Analysts Set New Price Targets

A number of research firms recently issued reports on FQVLF. Barclays upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, November 12th. Canaccord Genuity Group downgraded First Quantum Minerals from a “buy” rating to a “hold” rating in a research report on Thursday, January 16th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, First Quantum Minerals presently has a consensus rating of “Moderate Buy” and a consensus 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.