Equities Analysts Issue Forecasts for TSE:FM Q1 Earnings

Key Points

• Raymond James Financial has raised its Q1 2026 earnings per share (EPS) estimate for First Quantum Minerals from $0.23 to $0.26, with full-year 2026 earnings projected at $1.08 EPS.
• Several analysts have upgraded their price targets for First Quantum Minerals, with Citigroup raising it to C$39.00 and JPMorgan Chase increasing it to C$42.00, indicating a positive sentiment for the stock.
• The stock currently holds a consensus rating of "Moderate Buy" among analysts, with an average price target of C$32.09, reflecting optimism in its market performance.

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Stock analysts at Raymond James Financial lifted their Q1 2026 earnings per share (EPS) estimates for shares of First Quantum Minerals in a report issued on Thursday, October 9th. Raymond James Financial analyst J. Elliott now forecasts that the company will earn $0.26 per share for the quarter, up from their prior forecast of $0.23. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share. Raymond James Financial also issued estimates for First Quantum Minerals' Q2 2026 earnings at $0.26 EPS, Q3 2026 earnings at $0.28 EPS, Q4 2026 earnings at $0.28 EPS and FY2026 earnings at $1.08 EPS.

A number of other equities analysts have also recently issued reports on the company. Jefferies Financial Group upped their target price on First Quantum Minerals from C$33.00 to C$38.00 in a report on Monday, October 6th. TD Securities upped their target price on First Quantum Minerals from C$25.00 to C$30.00 and gave the stock a "hold" rating in a report on Monday, September 29th. Citigroup upped their price target on First Quantum Minerals from C$26.00 to C$39.00 and gave the company a "buy" rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. upgraded First Quantum Minerals from a "neutral" rating to an "overweight" rating and upped their price target for the company from C$20.00 to C$42.00 in a research report on Friday. Finally, Stifel Nicolaus upped their price target on First Quantum Minerals from C$25.00 to C$26.00 and gave the company a "hold" rating in a research report on Wednesday, August 6th. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, First Quantum Minerals currently has a consensus rating of "Moderate Buy" and an average price target of C$32.09.

First Quantum Minerals Price Performance

Shares of FM opened at C$31.75 on Monday. First Quantum Minerals has a 12-month low of C$14.41 and a 12-month high of C$33.88. The business has a 50-day simple moving average of C$26.20 and a two-hundred day simple moving average of C$22.57. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. The stock has a market cap of C$26.49 billion, a PE ratio of 127.00, a PEG ratio of -1.28 and a beta of 1.58.

Insider Activity at First Quantum Minerals

In related news, Senior Officer Zenon Wozniak sold 8,135 shares of the company's stock in a transaction dated Friday, August 1st. The stock was sold at an average price of C$22.82, for a total transaction of C$185,640.70. 19.35% of the stock is currently owned by 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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