First Quantum Minerals (FQVLF) Expected to Announce Quarterly Earnings on Wednesday

by · The Markets Daily

First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) is projected to issue its results after the market closes on Wednesday, October 28th. Analysts expect the company to post earnings of $0.17 per share and revenue of $1.84 billion for the quarter.

First Quantum Minerals (OTCMKTS:FQVLF – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.06). First Quantum Minerals had a negative return on equity of 2.29% and a negative net margin of 1.44%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.40 billion. On average, analysts expect First Quantum Minerals to post $0.23 EPS for the current fiscal year and $1.90 EPS for the next fiscal year.

First Quantum Minerals Price Performance

FQVLF opened at $23.89 on Monday. The company has a market capitalization of $19.93 billion, a price-to-earnings ratio of -217.18 and a beta of 1.40. The company has a current ratio of 1.90, a quick ratio of 1.03 and a debt-to-equity ratio of 0.50. First Quantum Minerals has a 12-month low of $19.17 and a 12-month high of $35.48. The business’s fifty day simple moving average is $30.30 and its 200-day simple moving average is $28.79.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on FQVLF shares. Morgan Stanley reaffirmed an “overweight” rating on shares of First Quantum Minerals in a research note on Wednesday, July 8th. Citigroup reiterated a “positive” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. Zacks Research downgraded shares of First Quantum Minerals from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 6th. TD Securities upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating in a report on Tuesday, July 14th. Finally, Barclays restated an “overweight” rating on shares of First Quantum Minerals in a report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy”.

Read Our Latest Research Report on First Quantum Minerals

First Quantum Minerals Company Profile

(Get Free Report)

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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