FY2026 Earnings Forecast for TSE:FM Issued By Scotiabank

First Quantum Minerals Ltd. (TSE:FM) – Stock analysts at Scotiabank reduced their FY2026 EPS estimates for First Quantum Minerals in a research note issued on Tuesday, July 15th. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $0.80 for the year, down from their previous forecast of $0.85. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share. Scotiabank also issued estimates for First Quantum Minerals’ FY2026 earnings at $0.80 EPS.

Several other equities research analysts have also recently issued reports on the stock. Canaccord Genuity Group upgraded shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, April 16th. Royal Bank Of Canada raised their target price on shares of First Quantum Minerals from C$24.00 to C$25.00 and gave the company an “outperform” rating in a report on Wednesday, June 4th. Desjardins raised shares of First Quantum Minerals to a “hold” rating in a report on Thursday, April 3rd. National Bankshares lifted their price objective on shares of First Quantum Minerals from C$24.00 to C$27.50 and gave the stock an “outperform” rating in a research note on Wednesday, July 9th. Finally, Barclays lifted their price objective on shares of First Quantum Minerals from C$21.60 to C$25.80 and gave the stock an “outperform” rating in a research note on Wednesday, July 2nd. Six analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$22.32.

First Quantum Minerals Trading Down 0.9%

First Quantum Minerals stock opened at C$23.39 on Friday. The stock has a market cap of C$13.28 billion, a P/E ratio of -8.64, a PEG ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 56.41, a current ratio of 1.80 and a quick ratio of 1.41. First Quantum Minerals has a 1 year low of C$13.81 and a 1 year high of C$25.96. The firm’s 50 day moving average price is C$21.93 and its 200-day moving average price is C$19.83.

Insider Activity at First Quantum Minerals

In other news, Director Alison Cheryl Beckett bought 1,029 shares of First Quantum Minerals stock in a transaction on Wednesday, July 2nd. The stock was acquired at an average cost of C$24.59 per share, for a total transaction of C$25,307.84. Corporate insiders own 19.35% of the company’s stock.

First Quantum Minerals Company Profile

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.