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

• First Quantum Minerals Ltd. FM.TO reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -2 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 20 cents per share. Wall Street expected results to range from 8 cents to 34 cents per share.

• Revenue rose 55% to $2.09 billion from a year ago; analysts expected $1.84 billion.

• First Quantum Minerals Ltd.'s reported EPS for the quarter was 25 cents​.

• The company reported quarterly net income of $207 million.

• First Quantum Minerals Ltd. shares had fallen by 9.9% this quarter and lost 6.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 12.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 17 "strong buy" or "buy," 5 "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$50.00, about 31.1% above its last closing price of C$34.46

This summary was machine generated from LSEG data October 30 at 06:14 a.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)