Stifel Canada Issues Optimistic Outlook for TSE:FM Earnings

Key Points

• Stifel Canada increased their Q2 2026 earnings per share estimate for First Quantum Minerals from $0.14 to $0.21, with a full-year estimate of $0.56 per share.
• Analysts' ratings for First Quantum Minerals are mixed, with six holding, three buying, and two rating it as a strong buy, alongside a price target range between C$19.40 and C$25.80.
• Insider activity includes Director Alison Cheryl Beckett purchasing 1,029 shares at C$24.59 each, indicating strong insider confidence in the company's performance.

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Analysts at Stifel Canada boosted their Q2 2026 earnings per share estimates for First Quantum Minerals in a research report issued on Thursday, July 24th. Stifel Canada analyst R. Profiti now expects that the company will post earnings of $0.21 per share for the quarter, up from their previous forecast of $0.14. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share. Stifel Canada also issued estimates for First Quantum Minerals' Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.21 EPS and FY2026 earnings at $0.71 EPS.

A number of other equities analysts also recently issued reports on the company. Barclays upped their price target on First Quantum Minerals from C$25.80 to C$26.00 and gave the stock a "buy" rating in a research report on Monday. BMO Capital Markets raised First Quantum Minerals to a "strong-buy" rating in a research report on Tuesday, April 15th. Royal Bank Of Canada increased their price target on First Quantum Minerals from C$24.00 to C$25.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Canaccord Genuity Group raised shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, April 16th. Finally, Desjardins raised shares of First Quantum Minerals to a "hold" rating in a research note on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$22.35.

First Quantum Minerals Trading Up 1.6%

Shares of TSE FM traded up C$0.36 during trading hours on Monday, reaching C$23.36. The stock had a trading volume of 350,096 shares, compared to its average volume of 2,484,120. The company has a current ratio of 1.80, a quick ratio of 1.41 and a debt-to-equity ratio of 56.41. The firm has a market cap of C$13.26 billion, a price-to-earnings ratio of -8.63, a P/E/G ratio of -1.28 and a beta of 1.73. The business's fifty day moving average price is C$22.48 and its two-hundred day moving average price is C$20.05. First Quantum Minerals has a 52-week low of C$13.81 and a 52-week high of C$25.96.

Insiders Place Their Bets

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

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.