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

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

First Quantum Minerals (OTCMKTS:FQVLF) last released its quarterly earnings results on Tuesday, July 28th. The basic materials company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.40 billion. First Quantum Minerals had a negative return on equity of 2.29% and a negative net margin of 1.44%. 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 Stock Performance

Shares of First Quantum Minerals stock opened at $24.57 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.03 and a current ratio of 1.90. First Quantum Minerals has a 1 year low of $19.17 and a 1 year high of $35.48. The firm’s 50-day simple moving average is $30.29 and its 200-day simple moving average is $28.17.

Analyst Ratings Changes

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

First Quantum Minerals Company Profile

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.