FY2026 Earnings Forecast for TSE:FM Issued By Scotiabank

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

First Quantum Minerals (TSE:FM) last announced its earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, beating the consensus estimate 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 prior year, the company posted ($0.37) EPS.

A number of other equities research analysts have also issued reports on the stock. Royal Bank of Canada lifted their target price on shares of First Quantum Minerals from C$23.00 to C$24.00 in a research note on Wednesday, January 8th. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating and reduced their price objective for the company from C$24.00 to C$20.00 in a research report on Thursday, January 16th. Jefferies Financial Group lowered their target price on First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. TD Securities raised their price target on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a “hold” rating in a research note on Thursday, February 13th. Finally, Stifel Canada raised First Quantum Minerals to a “hold” rating in a research note on Wednesday. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, First Quantum Minerals has an average rating of “Hold” and a consensus price target of C$21.57.

First Quantum Minerals Price Performance

TSE FM opened at C$22.23 on Friday. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. The firm has a market capitalization of C$12.62 billion, a price-to-earnings ratio of -8.22, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The company has a 50 day simple moving average of C$19.01 and a 200-day simple moving average of C$18.50. First Quantum Minerals has a 52-week low of C$13.30 and a 52-week high of C$23.24.

Insider Buying and Selling at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 40,000 shares of First Quantum Minerals stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of C$21.11, for a total transaction of C$844,400.00. Also, Director Charles Kevin Mcarthur purchased 25,000 shares of the business’s stock in a transaction on 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. Insiders own 19.35% of the company’s stock.

About First Quantum Minerals

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.