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

First Quantum Minerals (OTCMKTS:FQVLF) announced its quarterly earnings results on Tuesday. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate 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 Down 4.7 %

Shares of FQVLF opened at $13.17 on Wednesday. The company has a current ratio of 1.80, a quick ratio of 0.93 and a debt-to-equity ratio of 0.48. First Quantum Minerals has a 12 month low of $8.22 and a 12 month high of $15.23. The stock has a fifty day moving average price of $13.34 and a 200-day moving average price of $12.93.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Barclays upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a report on Tuesday, November 12th. Canaccord Genuity Group downgraded shares of First Quantum Minerals from a “buy” rating to a “hold” rating in a research note on Thursday, January 16th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.00.

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.