Desjardins Has Bullish Forecast for TSE:FM FY2026 Earnings

Key Points

• Desjardins has increased its earning estimates for First Quantum Minerals Ltd. (TSE:FM) for FY2026, projecting earnings of $1.35 per share, up from $1.30.
• The current consensus estimate for First Quantum's full-year earnings is $0.56 per share, with an average price target among analysts set at C$23.65.
• Various analysts have issued mixed ratings on First Quantum, with two giving a Strong Buy rating, while others mostly hold a Hold rating.

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Analysts at Desjardins upped their FY2026 earnings estimates for shares of First Quantum Minerals in a research note issued on Tuesday, August 19th. Desjardins analyst B. Adams now forecasts that the company will post earnings of $1.35 per share for the year, up from their previous forecast of $1.30. Desjardins currently has a "Hold" rating and a $26.00 price target on the stock. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share. Desjardins also issued estimates for First Quantum Minerals' FY2027 earnings at $2.73 EPS.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus upped their price objective on shares of First Quantum Minerals from C$25.00 to C$26.00 and gave the company a "hold" rating in a report on Wednesday, August 6th. Barclays lifted their price objective on shares of First Quantum Minerals from C$25.80 to C$26.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. National Bankshares raised their target price on First Quantum Minerals from C$28.50 to C$29.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 13th. Scotiabank upped their target price on First Quantum Minerals from C$27.00 to C$28.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 6th. Finally, Royal Bank Of Canada increased their price target on shares of First Quantum Minerals from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of C$23.65.

First Quantum Minerals Stock Up 0.4%

First Quantum Minerals stock opened at C$22.50 on Friday. The business has a fifty day moving average price of C$23.26 and a 200-day moving average price of C$20.55. First Quantum Minerals has a 1-year low of C$13.81 and a 1-year high of C$25.96. The stock has a market capitalization of C$12.77 billion, a price-to-earnings ratio of -8.32, 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.

Insider Buying and Selling at First Quantum Minerals

In other First Quantum Minerals news, Senior Officer Zenon Wozniak sold 8,135 shares of the firm's stock in a transaction on Friday, August 1st. The stock was sold at an average price of C$22.82, for a total value of C$185,640.70. Also, Director Alison Cheryl Beckett bought 1,029 shares of First Quantum Minerals stock in a transaction dated Wednesday, July 2nd. The stock was acquired at an average price of C$24.59 per share, with a total value of C$25,307.84. 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.

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