FY2026 Earnings Forecast for TSE:FM Issued By Scotiabank

First Quantum Minerals Ltd. (TSE:FM) – Equities researchers at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for First Quantum Minerals in a research report issued on Thursday, March 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $0.67 for the year, down from their prior forecast of $0.71. Scotiabank currently has a “Outperform” rating and a $45.00 target price on the stock. 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 $2.44 EPS.

FM has been the subject of a number of other reports. Jefferies Financial Group raised their price objective on shares of First Quantum Minerals from C$38.00 to C$47.00 in a research note on Monday, January 12th. Canadian Imperial Bank of Commerce upped their target price on First Quantum Minerals from C$36.00 to C$46.00 in a research note on Wednesday, February 4th. TD Securities increased their target price on First Quantum Minerals from C$41.00 to C$42.00 and gave the company a “hold” rating in a report on Thursday, February 12th. JPMorgan Chase & Co. cut First Quantum Minerals from an “overweight” rating to an “underperform” rating and cut their price target for the stock from C$48.00 to C$28.00 in a report on Monday, March 9th. Finally, UBS Group upgraded First Quantum Minerals from a “hold” rating to a “buy” rating and upped their price objective for the company from C$38.00 to C$50.00 in a research report on Thursday, March 12th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, First Quantum Minerals has a consensus rating of “Moderate Buy” and a consensus price target of C$40.84.

First Quantum Minerals Stock Performance

Shares of FM opened at C$30.75 on Monday. First Quantum Minerals has a 12-month low of C$14.41 and a 12-month high of C$45.17. The stock has a market cap of C$25.46 billion, a P/E ratio of -1,025.00, a PEG ratio of -1.28 and a beta of 1.26. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of 52.92. The company has a 50-day moving average of C$37.35 and a two-hundred day moving average of C$33.55.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$0.01 EPS for the quarter. First Quantum Minerals had a negative net margin of 0.52% and a negative return on equity of 0.24%. The business had revenue of C$1.95 billion for the quarter.

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.