First Quantum Minerals (TSX:FM) released its third quarter earnings, reporting a net loss, whereas last year it had posted a profit. The company also narrowed its production guidance for copper, gold, and nickel.
See our latest analysis for First Quantum Minerals.
First Quantum Minerals has seen plenty of action this year. Following its recent earnings miss, ongoing challenges in copper and gold output, and tighter production guidance, the share price has still managed a solid year-to-date gain of 50.7%. The recent 6.5% drop over the past week shows that momentum can shift quickly, but the 1-year total shareholder return of 52.1% signals that long-term holders have fared very well despite short-term volatility.
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Amid renewed scrutiny following its earnings…
