First Quantum Minerals (FM) Set to Announce Earnings on Tuesday

First Quantum Minerals (TSE:FM) will be posting its quarterly earnings results after the market closes on Tuesday, April 23rd. Analysts expect First Quantum Minerals to post earnings of C($0.13) per share for the quarter.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings results on Tuesday, February 20th. The company reported C($0.50) EPS for the quarter, missing the consensus estimate of C($0.10) by C($0.40). The firm had revenue of C$1.66 billion for the quarter, compared to analysts’ expectations of C$1.58 billion. First Quantum Minerals had a negative return on equity of 10.80% and a negative net margin of 14.78%.

First Quantum Minerals Price Performance

Shares of TSE:FM opened at C$14.86 on Tuesday. The business’s 50 day simple moving average is C$13.59 and its 200-day simple moving average is C$15.69. The firm has a market capitalization of C$12.39 billion, a price-to-earnings ratio of -7.95, a price-to-earnings-growth ratio of -1.28 and a beta of 2.01. The company has a debt-to-equity ratio of 81.21, a current ratio of 1.72 and a quick ratio of 1.41. First Quantum Minerals has a 12 month low of C$9.31 and a 12 month high of C$39.13.

Wall Street Analyst Weigh In

FM has been the subject of several analyst reports. National Bankshares upgraded First Quantum Minerals from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$15.00 to C$16.50 in a report on Friday, March 1st. JPMorgan Chase & Co. upped their price objective on First Quantum Minerals from C$11.00 to C$12.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. Bank of America upped their price target on shares of First Quantum Minerals from C$16.00 to C$17.00 in a research report on Tuesday, April 9th. TD Securities upped their price target on shares of First Quantum Minerals from C$14.50 to C$15.50 and gave the stock a “hold” rating in a research report on Monday, March 4th. Finally, BMO Capital Markets upped their price target on shares of First Quantum Minerals from C$17.00 to C$17.50 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Eleven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$15.91.

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.