Scotiabank Analysts Decrease Earnings Estimates for TSE:FM

First Quantum Minerals Ltd. (TSE:FM) – Stock analysts at Scotiabank cut their FY2026 earnings estimates for shares of First Quantum Minerals in a research note issued to investors on Thursday, February 19th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of $0.71 for the year, down from their prior estimate of $1.45. Scotiabank has a “Outperform” rating and a $45.00 price objective 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 $2.50 EPS.

First Quantum Minerals (TSE:FM) last released its quarterly earnings data on Tuesday, February 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$1.95 billion for the quarter. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%.

Other research analysts have also issued reports about the company. Desjardins boosted their price target on First Quantum Minerals from C$34.00 to C$40.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Stifel Nicolaus lifted their target price on First Quantum Minerals from C$38.00 to C$47.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. Royal Bank Of Canada boosted their target price on shares of First Quantum Minerals from C$35.00 to C$40.00 in a report on Wednesday, December 10th. TD Securities raised their price target on shares of 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. Finally, Jefferies Financial Group lifted their price objective on shares of First Quantum Minerals from C$38.00 to C$47.00 in a research report on Monday, January 12th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, First Quantum Minerals currently has a consensus rating of “Moderate Buy” and an average price target of C$41.19.

First Quantum Minerals Stock Up 3.6%

First Quantum Minerals stock opened at C$37.71 on Monday. The business has a fifty day moving average of C$38.10 and a two-hundred day moving average of C$31.86. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. The firm has a market cap of C$31.23 billion, a P/E ratio of -1,257.00, a P/E/G ratio of -1.28 and a beta of 1.35. First Quantum Minerals has a twelve month low of C$14.41 and a twelve month high of C$45.17.

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.