Scotiabank Has Strong Forecast for TSE:FM FY2026 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Research analysts at Scotiabank increased their FY2026 earnings per share (EPS) estimates for First Quantum Minerals in a report issued on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of $1.29 per share for the year, up from their prior forecast 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.

Several other research analysts have also commented on the stock. Barclays dropped their price target on shares of First Quantum Minerals from C$25.00 to C$23.40 in a research note on Thursday, January 30th. Stifel Canada raised First Quantum Minerals to a “hold” rating in a research report on Wednesday. Morgan Stanley boosted their price target on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. 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. Finally, TD Securities upped their price objective on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a “hold” rating in a report on Thursday, February 13th. Ten analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of C$21.57.

First Quantum Minerals Trading Down 4.0 %

TSE FM opened at C$22.19 on Friday. The firm’s 50 day moving average price is C$18.96 and its two-hundred 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. First Quantum Minerals has a twelve month low of C$13.30 and a twelve month high of C$23.24. The stock has a market cap of C$12.59 billion, a price-to-earnings ratio of -8.20, a PEG ratio of -1.28 and a beta of 1.73.

First Quantum Minerals (TSE:FM) last released its earnings results on Tuesday, February 11th. The company reported C$0.04 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 previous year, the business posted ($0.37) EPS.

Insiders Place Their Bets

In other First Quantum Minerals news, Director Simon John Scott acquired 1,397 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, December 31st. The shares were acquired at an average cost of C$18.57 per share, with a total value of C$25,942.29. Also, Senior Officer Zenon Wozniak sold 40,000 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of C$21.11, for a total transaction of C$844,400.00. Insiders own 19.35% of the company’s stock.

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.