First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) issued its quarterly earnings data on Wednesday. The basic materials company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.12, Zacks reports. First Quantum Minerals had a negative return on equity of 0.03% and a net margin of 2.65%. The business had revenue of $2.09 billion for the quarter, compared to analysts’ expectations of $1.86 billion.
First Quantum Minerals Stock Down 4.6%
OTCMKTS:FQVLF opened at $24.54 on Friday. First Quantum Minerals has a fifty-two week low of $19.17 and a fifty-two week high of $35.48. The stock has a market capitalization of $20.47 billion, a P/E ratio of 122.70 and a beta of 1.40. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.03 and a current ratio of 1.90. The company’s 50-day simple moving average is $29.76 and its 200-day simple moving average is $28.11.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. Morgan Stanley reaffirmed an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 8th. Zacks Research downgraded First Quantum Minerals from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 6th. Citigroup restated a “positive” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. Barclays reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research report on Wednesday, July 15th. Finally, TD Securities upgraded First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, First Quantum Minerals presently has an average rating of “Moderate Buy”.
Read Our Latest Stock Analysis on First Quantum Minerals
About First Quantum Minerals
First Quantum Minerals Ltd. is a mining and metals company focused primarily on the exploration, development and operation of copper mines. The company also produces gold, nickel and other mineral products as by-products of its operations. Its copper production supports industries such as electrical equipment, construction, transportation and renewable energy.
First Quantum’s principal operating assets include the Kansanshi copper-gold mine and the Sentinel copper mine in Zambia. The company has also operated the Cobre Panamá copper mine in Panama, although operations there were suspended following government action and a legal dispute in late 2023.
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