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

First Quantum Minerals Ltd. (TSE:FM) – Investment analysts at Scotiabank raised their FY2026 earnings per share estimates for shares of First Quantum Minerals in a research note issued to investors on Sunday, April 13th. Scotiabank analyst O. Wowkodaw now forecasts that the company will post earnings of $1.30 per share for the year, up from their previous forecast of $1.29. Scotiabank currently has a “Sector Perform” rating and a $21.50 target price on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

A number of other research firms have also commented on FM. Jefferies Financial Group decreased their price objective on First Quantum Minerals from C$23.00 to C$22.00 in a research note on Monday, January 6th. Stifel Canada upgraded shares of First Quantum Minerals to a “hold” rating in a report on Wednesday, March 19th. TD Securities upped their price objective on shares of First Quantum Minerals from C$19.00 to C$20.00 and gave the company a “hold” rating in a research note on Thursday, February 13th. Canaccord Genuity Group lowered shares of First Quantum Minerals from a “buy” rating to a “hold” rating and decreased their target price for the stock from C$24.00 to C$20.00 in a research report on Thursday, January 16th. Finally, Desjardins upgraded First Quantum Minerals to a “hold” rating in a report on Thursday, April 3rd. Eleven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, First Quantum Minerals presently has a consensus rating of “Hold” and a consensus target price of C$21.77.

First Quantum Minerals Price Performance

Shares of TSE:FM opened at C$16.72 on Wednesday. First Quantum Minerals has a one year low of C$13.81 and a one year high of C$23.28. The stock has a market cap of C$9.49 billion, a PE ratio of -6.18, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The business’s fifty day moving average price is C$18.70 and its two-hundred day moving average price is C$18.75. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80.

First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, beating the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative net margin of 32.41% and a negative return on equity of 14.05%. During the same period last year, the firm earned ($0.37) EPS.

Insider Buying and Selling at First Quantum Minerals

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

About First Quantum Minerals

First Quantum Minerals Ltd is a diversified mining company. The company’s principal activities include mineral exploration, mine engineering and construction, and development and mining operations. The firm produces copper in concentrate, copper anode, copper cathode, nickel, gold, zinc, silver, acid, and pyrite.