Stifel Canada Issues Negative Estimate for TSE:FM Earnings

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Stock analysts at Stifel Canada cut their Q1 2026 earnings per share (EPS) estimates for shares of First Quantum Minerals in a research report issued to clients and investors on Thursday, April 24th. Stifel Canada analyst R. Profiti now forecasts that the company will post earnings of $0.04 per share for the quarter, down from their previous forecast of $0.06. Stifel Canada has a "Hold" rating on the stock. 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' Q2 2026 earnings at $0.14 EPS, Q3 2026 earnings at $0.13 EPS and FY2029 earnings at $1.56 EPS.

First Quantum Minerals (TSE:FM - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported C$0.04 EPS for the quarter, topping analysts' consensus estimates 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 quarter last year, the business earned ($0.37) EPS.

Other equities analysts have also issued reports about the stock. BMO Capital Markets raised shares of First Quantum Minerals to a "strong-buy" rating in a report on Tuesday, April 15th. Raymond James raised their target price on shares of First Quantum Minerals from C$20.00 to C$21.00 in a report on Friday, April 4th. Scotiabank decreased their target price on shares of First Quantum Minerals from C$22.00 to C$21.50 and set a "sector perform" rating on the stock in a report on Thursday, January 16th. TD Securities raised their target price on shares of First Quantum Minerals from C$19.00 to C$20.00 and gave the company a "hold" rating in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. decreased their target price on shares of First Quantum Minerals from C$18.00 to C$17.00 in a report on Thursday, January 30th. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$21.77.

First Quantum Minerals Stock Performance

TSE:FM traded down C$0.69 during mid-day trading on Friday, reaching C$18.19. 1,160,221 shares of the company's stock were exchanged, compared to its average volume of 2,747,607. First Quantum Minerals has a one year low of C$13.81 and a one year high of C$23.28. The firm has a market capitalization of C$10.32 billion, a PE ratio of -6.72, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The business's fifty day simple moving average is C$18.42 and its two-hundred day simple moving average is C$18.71. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80.

Insider Activity

In related news, Director Alison Cheryl Beckett purchased 1,388 shares of the business's stock in a transaction on Monday, March 31st. The stock was acquired at an average price of C$19.25 per share, for a total transaction of C$26,719.00. Also, Senior Officer Zenon Wozniak sold 40,000 shares of First Quantum Minerals stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of C$21.11, for a total value of C$844,400.00. 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.