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

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

First Quantum Minerals (OTCMKTS:FQVLF) last issued its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $1.36 billion. First Quantum Minerals had a negative net margin of 3.69% and a negative return on equity of 1.21%. 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 Price Performance

FQVLF stock opened at $27.37 on Monday. The company has a current ratio of 1.42, a quick ratio of 0.86 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $22.83 billion, a P/E ratio of -109.48 and a beta of 1.36. The business has a 50 day simple moving average of $28.29 and a 200-day simple moving average of $27.27. First Quantum Minerals has a twelve month low of $15.60 and a twelve month high of $33.33.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. TD Securities upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a research report on Tuesday, July 14th. Morgan Stanley reissued an “overweight” rating on shares of First Quantum Minerals in a research report on Wednesday, July 8th. 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. Citigroup reaffirmed a “positive” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. Finally, Barclays reiterated an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the stock. Based on 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.