What is Scotiabank’s Forecast for TSE:FM FY2026 Earnings?

First Quantum Minerals Ltd. (TSE:FM) – Stock analysts at Scotiabank reduced their FY2026 EPS estimates for shares of First Quantum Minerals in a research report issued on Friday, April 17th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings per share of $0.36 for the year, down from their previous estimate of $0.67. 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.

Other equities research analysts have also issued research reports about the stock. UBS Group upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and raised their price target for the stock from C$38.00 to C$50.00 in a research note on Thursday, March 12th. Desjardins raised their price target on shares of First Quantum Minerals from C$34.00 to C$40.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Morgan Stanley decreased their price target on shares of First Quantum Minerals from C$40.00 to C$37.70 in a research note on Thursday, April 9th. TD Securities raised their price target 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 raised their price target on shares of First Quantum Minerals from C$42.90 to C$44.60 in a research note on Monday. Eight investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of C$41.77.

First Quantum Minerals Trading Up 3.9%

Shares of FM stock opened at C$38.28 on Wednesday. The company has a 50 day moving average of C$35.58 and a 200-day moving average of C$34.73. 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 has a 12-month low of C$17.18 and a 12-month high of C$45.17. The firm has a market cap of C$31.70 billion, a P/E ratio of -1,276.00, a PEG ratio of -1.28 and a beta of 1.50.

First Quantum Minerals (TSE:FM) last issued its quarterly earnings results on Tuesday, February 10th. The company reported C$0.01 earnings per share (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 company had revenue of C$1.95 billion during 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.