Scotiabank Analysts Decrease Earnings Estimates for TSE:FM

First Quantum Minerals Ltd. (TSE:FM) – Equities research analysts at Scotiabank cut their FY2026 earnings estimates for shares of First Quantum Minerals in a research report issued to clients and investors 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 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 $2.44 EPS.

First Quantum Minerals (TSE:FM) last issued its earnings results on Tuesday, February 10th. The company reported C$0.01 earnings per share for the quarter. The firm had revenue of C$1.95 billion during the quarter. First Quantum Minerals had a negative net margin of 0.52% and a negative return on equity of 0.24%.

Other research analysts have also issued research reports about the company. Royal Bank Of Canada raised their price objective on First Quantum Minerals from C$35.00 to C$40.00 in a research report on Wednesday, December 10th. Jefferies Financial Group boosted their price target on shares of First Quantum Minerals from C$38.00 to C$47.00 in a research report on Monday, January 12th. Canadian Imperial Bank of Commerce upped their price target on shares of First Quantum Minerals from C$36.00 to C$46.00 in a research note on Wednesday, February 4th. TD Securities lifted their price objective on shares of First Quantum Minerals from C$41.00 to C$42.00 and gave the stock a “hold” rating in a research note on Thursday, February 12th. Finally, Barclays reduced their target price on shares of First Quantum Minerals from C$44.20 to C$42.90 in a report on Tuesday, February 17th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$40.84.

First Quantum Minerals Stock Down 2.0%

Shares of FM stock opened at C$29.19 on Monday. The stock has a market cap of C$24.17 billion, a P/E ratio of -973.00, a PEG ratio of -1.28 and a beta of 1.26. First Quantum Minerals has a 52 week low of C$14.41 and a 52 week high of C$45.17. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of 52.92. The company’s fifty day simple moving average is C$37.56 and its two-hundred day simple moving average is C$33.50.

First Quantum Minerals Company Profile

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.