What is Scotiabank’s Estimate for TSE:FM FY2027 Earnings?

First Quantum Minerals Ltd. (TSE:FM) – Equities researchers at Scotiabank cut their FY2027 earnings per share estimates for shares of First Quantum Minerals in a report issued on Friday, April 17th. Scotiabank analyst O. Wowkodaw now expects that the company will earn $2.35 per share for the year, down from their prior estimate of $2.44. Scotiabank has a “Outperform” rating and a $45.00 price target on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

Other analysts have also recently issued research reports about the company. Canadian Imperial Bank of Commerce raised their price target on First Quantum Minerals from C$36.00 to C$46.00 in a report on Wednesday, February 4th. UBS Group raised First Quantum Minerals from a “hold” rating to a “buy” rating and raised their price target for the company from C$38.00 to C$50.00 in a report on Thursday, March 12th. Desjardins raised their price target on First Quantum Minerals from C$34.00 to C$40.00 and gave the company a “hold” rating in a report on Monday, January 26th. Stifel Nicolaus raised their price target on First Quantum Minerals from C$47.00 to C$52.00 and gave the company a “buy” rating in a report on Wednesday, April 15th. Finally, TD Securities raised their price target 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. Eight research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$41.35.

First Quantum Minerals Stock Performance

TSE:FM opened at C$36.83 on Tuesday. The business’s 50-day moving average price is C$35.57 and its two-hundred day moving average price is C$34.70. First Quantum Minerals has a twelve month low of C$16.30 and a twelve month high of C$45.17. The stock has a market cap of C$30.50 billion, a P/E ratio of -1,227.67, a PEG ratio of -1.28 and a beta of 1.50. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of 52.92.

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

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.