Scotiabank Has Positive Forecast for TSE:FM FY2026 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Investment analysts at Scotiabank increased their FY2026 earnings estimates for shares of First Quantum Minerals in a note issued to investors on Tuesday, October 13th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings per share of $0.19 for the year, up from their previous estimate of $0.07. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share. Scotiabank also issued estimates for First Quantum Minerals’ FY2027 earnings at $2.24 EPS.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, July 28th. The company reported C($0.19) earnings per share (EPS) for the quarter. First Quantum Minerals had a negative return on equity of 0.73% and a negative net margin of 1.44%. The firm had revenue of C$2.16 billion for the quarter.

FM has been the subject of a number of other research reports. Canadian Imperial Bank of Commerce reduced their price objective on shares of First Quantum Minerals from C$44.00 to C$41.00 in a research report on Thursday, July 30th. 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. Morgan Stanley cut their target price on First Quantum Minerals from C$46.30 to C$45.20 in a research note on Wednesday, July 8th. National Bank Financial set a C$50.00 target price on First Quantum Minerals and gave the stock an “outperform” rating in a research note on Monday, September 21st. Finally, Royal Bank Of Canada raised their price target on First Quantum Minerals from C$45.00 to C$52.00 in a report on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$46.78.

First Quantum Minerals Trading Up 0.2%

TSE FM opened at C$37.39 on Friday. The stock has a market capitalization of C$31.19 billion, a P/E ratio of -415.44, a P/E/G ratio of -1.28 and a beta of 1.47. First Quantum Minerals has a 52-week low of C$27.06 and a 52-week high of C$49.27. The firm has a 50-day moving average price of C$43.46 and a 200 day moving average price of C$40.16. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 54.66.

Insider Buying and Selling at First Quantum Minerals

In other 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 transaction of C$932,600.00. Following the transaction, the insider directly owned 69,196 shares of the company’s stock, 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 company insiders.

About First Quantum Minerals

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.