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

• First Quantum Minerals Ltd FM reported a quarterly adjusted loss of 2 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 14 cents. The mean expectation of sixteen analysts for the quarter was for earnings of 8 cents per share. Wall Street expected results to range from -3 cents to 20 cents per share.

• Revenue rose 5.2% to $1.35 billion from a year ago; analysts expected $1.43 billion.

• First Quantum Minerals Ltd's reported EPS for the quarter was a loss of 6 cents​.

• The company reported a quarterly loss of $48 million.

• First Quantum Minerals Ltd shares had fallen by 3.2% this quarter and gained 64.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 4.3% 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 14 "strong buy" or "buy," 9 "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$34.50, about 9.8% above its last closing price of C$31.13

This summary was machine generated from LSEG data October 28 at 11:20 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)