Scotiabank Has Positive Outlook for TSE:FM FY2026 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Investment analysts at Scotiabank raised their FY2026 earnings estimates for First Quantum Minerals in a note issued to investors on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $1.29 per share for the year, up from their prior forecast of $1.22. Scotiabank has a “Sector Perform” rating and a $21.50 price objective on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

FM has been the topic of several other research reports. Morgan Stanley upped their price target on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Stifel Canada upgraded shares of First Quantum Minerals to a “hold” rating in a research report on Wednesday. JPMorgan Chase & Co. lowered their price target on shares of First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Jefferies Financial Group dropped their price objective on shares of First Quantum Minerals from C$23.00 to C$22.00 in a research report on Monday, January 6th. Finally, Royal Bank of Canada increased their price objective on First Quantum Minerals from C$23.00 to C$24.00 in a research report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, First Quantum Minerals has a consensus rating of “Hold” and an average target price of C$21.57.

First Quantum Minerals Price Performance

Shares of FM stock opened at C$22.23 on Friday. First Quantum Minerals has a 52 week low of C$13.30 and a 52 week high of C$23.24. The stock has a market capitalization of C$12.62 billion, a PE ratio of -8.22, a PEG ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The stock’s fifty day moving average is C$19.01 and its 200-day moving average is C$18.50.

First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 in the previous year, the business posted ($0.37) earnings per share.

Insider Activity at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 40,000 shares of the stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total transaction of C$844,400.00. Also, Director Charles Kevin Mcarthur acquired 25,000 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of C$17.23 per share, for a total transaction of C$430,842.13. Corporate insiders own 19.35% of the company’s stock.

About First Quantum Minerals

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.