FY2026 Earnings Forecast for TSE:FM Issued By Scotiabank

First Quantum Minerals Ltd. (TSE:FM) – Investment analysts at Scotiabank boosted their FY2026 earnings per share (EPS) estimates for First Quantum Minerals in a note issued to investors on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $1.29 per share for the year, up from their previous forecast of $1.22. Scotiabank currently has a “Sector Perform” rating and a $21.50 target price on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

Several other analysts have also recently weighed in on FM. TD Securities raised their price objective on shares of First Quantum Minerals from C$19.00 to C$20.00 and gave the company a “hold” rating in a research report on Thursday, February 13th. Royal Bank of Canada raised their price target on First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. Barclays cut their price objective on First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday, January 30th. Stifel Canada upgraded First Quantum Minerals to a “hold” rating in a research report on Wednesday. Finally, Jefferies Financial Group decreased their price objective on First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday, January 6th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, First Quantum Minerals has an average rating of “Hold” and a consensus target price of C$21.57.

First Quantum Minerals Trading Down 4.0 %

First Quantum Minerals stock opened at C$22.19 on Friday. First Quantum Minerals has a fifty-two week low of C$13.30 and a fifty-two week high of C$23.24. The firm’s fifty day moving average price is C$18.96 and its 200-day moving average price is C$18.46. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The stock has a market cap of C$12.59 billion, a P/E ratio of -8.20, a PEG ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM) last announced its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, beating analysts’ consensus estimates of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same quarter in the previous year, the company posted ($0.37) EPS.

Insider Activity at First Quantum Minerals

In other news, Director Simon John Scott bought 1,397 shares of the firm’s stock in a transaction on Tuesday, December 31st. The shares were bought at an average price of C$18.57 per share, for a total transaction of C$25,942.29. Also, Director Charles Kevin Mcarthur acquired 25,000 shares of First Quantum Minerals stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of C$17.23 per share, with a total value of C$430,842.13. 19.35% of the stock is currently owned by company insiders.

First Quantum Minerals Company Profile

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.