Research Analysts Issue Forecasts for TSE:FM FY2026 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Scotiabank increased their FY2026 earnings per share (EPS) estimates for First Quantum Minerals in a report released on Sunday, April 13th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of $1.30 per share for the year, up from their previous forecast of $1.29. Scotiabank currently has a “Sector Perform” rating and a $21.50 price target 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 return on equity of 14.05% and a negative net margin of 32.41%. During the same quarter last year, the company posted ($0.37) EPS.

FM has been the subject of a number of other research reports. National Bankshares cut their price objective on shares of First Quantum Minerals from C$25.50 to C$24.00 and set an “outperform” rating for the company in a report on Wednesday. Jefferies Financial Group lowered their target price on shares of First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. TD Securities lifted their price objective on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a “hold” rating in a research report on Thursday, February 13th. JPMorgan Chase & Co. lowered their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 in a research report on Thursday, January 30th. Finally, Barclays cut their price objective on shares of First Quantum Minerals from C$25.00 to C$23.40 in a research report on Thursday, January 30th. Eleven analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$21.77.

First Quantum Minerals Stock Performance

Shares of TSE FM opened at C$16.72 on Wednesday. The stock has a market cap of C$9.49 billion, a price-to-earnings ratio of -6.18, a PEG ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 12 month low of C$13.81 and a 12 month high of C$23.28. The company has a 50 day simple moving average of C$18.70 and a two-hundred day simple moving average of C$18.75. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41.

Insider Activity

In other news, Director Alison Cheryl Beckett acquired 1,388 shares of the company’s stock in a transaction on Monday, March 31st. The shares were bought at an average cost of C$19.25 per share, with a total value of C$26,719.00. Also, Director Charles Kevin Mcarthur bought 25,000 shares of First Quantum Minerals stock in a transaction dated Monday, March 3rd. The stock was purchased at an average price of C$17.23 per share, with a total value of C$430,842.13. Corporate insiders own 19.35% of the company’s stock.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.