First Quantum Minerals Ltd reports results for the quarter ended June 30 - Earnings Summary

• First Quantum Minerals Ltd FM.TO reported quarterly adjusted earnings of 2 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of seventeen analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -9 cents to 7 cents per share.

• Revenue fell 0.4% to $1.23 billion from a year ago; analysts expected $1.16 billion.

• First Quantum Minerals Ltd's reported EPS for the quarter was 2 cents​.

• The company reported quarterly net income of $18 million.

• First Quantum Minerals Ltd shares had risen by 0.6% this quarter and gained 31.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 34.8% in the last three months.​

• In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 11 "hold" and no "sell" or "strong sell." The average consensus recommendation for the specialty mining & metals peer group is also "buy"

• Wall Street's median 12-month price target for First Quantum Minerals Ltd is C$24.00, about 1.4% below its last closing price of C$24.34

This summary was machine generated from LSEG data July 23 at 10:35 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)