Scotiabank Has Strong Estimate for TSE:FM FY2026 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Research analysts at Scotiabank lifted their FY2026 earnings estimates for shares of First Quantum Minerals in a note issued to investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $0.22 per share for the year, up from their prior estimate of $0.19. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

FM has been the topic of several other research reports. TD Securities raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Stifel Nicolaus boosted their target price on First Quantum Minerals from C$52.00 to C$55.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Canadian Imperial Bank of Commerce lowered their price target on First Quantum Minerals from C$44.00 to C$41.00 in a research note on Thursday, July 30th. Raymond James Financial upped their price target on First Quantum Minerals from C$45.00 to C$47.00 and gave the company a “market perform” rating in a research note on Friday, September 4th. Finally, Barclays increased their price target on shares of First Quantum Minerals from C$42.00 to C$46.00 in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, First Quantum Minerals has a consensus rating of “Moderate Buy” and a consensus target price of C$46.78.

First Quantum Minerals Stock Up 3.5%

Shares of First Quantum Minerals stock opened at C$33.23 on Thursday. The business has a fifty day simple moving average of C$40.54 and a 200 day simple moving average of C$38.89. The stock has a market cap of C$27.72 billion, a PE ratio of 158.24, a price-to-earnings-growth ratio of -1.28 and a beta of 1.47. The company has a quick ratio of 1.41, a current ratio of 1.79 and a debt-to-equity ratio of 53.10. First Quantum Minerals has a 12 month low of C$27.68 and a 12 month high of C$49.27.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings results on Wednesday, October 28th. The company reported C$0.41 earnings per share for the quarter. First Quantum Minerals had a return on equity of 1.53% and a net margin of 2.65%. The company had revenue of C$2.97 billion for the quarter.

Insider Activity at First Quantum Minerals

In related news, insider Robert Richard Cayton Stone sold 20,000 shares of the company’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of C$46.63, for a total value of C$932,600.00. Following the completion of the sale, the insider owned 69,196 shares in the company, valued at C$3,226,609.48. This represents a 22.42% decrease in their position. 19.35% of the stock is currently owned by corporate insiders.

First Quantum Minerals Company Profile

First Quantum is engaged in the production of copper, nickel and gold, and related activities including exploration and development. The Company has operating mines located in Zambia, Türkiye and Mauritania. The Company’s Cobre Panamá mine was placed into a phase of Preservation and Safe Management in November 2023. The Company’s Ravensthorpe mine was placed into a care and maintenance process in May 2024. The Company is progressing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring La Granja and the Haquira copper deposits in Peru.