FY2026 Earnings Forecast for TSE:FM Issued By Scotiabank

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Investment analysts at Scotiabank cut their FY2026 earnings estimates for First Quantum Minerals in a report issued on Tuesday, July 15th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $0.80 per share 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.

A number of other research firms also recently weighed in on FM. Desjardins raised shares of First Quantum Minerals to a "hold" rating in a research report on Thursday, April 3rd. Morgan Stanley reduced their target price on shares of First Quantum Minerals from C$19.70 to C$19.40 in a research report on Wednesday, April 9th. Canaccord Genuity Group raised shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, April 16th. Raymond James Financial raised shares of First Quantum Minerals to a "hold" rating in a research report on Monday, June 30th. Finally, Barclays lifted their price objective on shares of First Quantum Minerals from C$21.60 to C$25.80 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Six research 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 company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of C$22.32.

First Quantum Minerals Stock Up 1.2%

TSE:FM traded up C$0.27 on Friday, hitting C$23.66. The stock had a trading volume of 773,009 shares, compared to its average volume of 2,508,802. The company has a debt-to-equity ratio of 56.41, a quick ratio of 1.41 and a current ratio of 1.80. The stock has a market cap of C$13.43 billion, a P/E ratio of -8.74, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a 1 year low of C$13.81 and a 1 year high of C$25.96. The firm's fifty day simple moving average is C$21.93 and its two-hundred day simple moving average is C$19.85.

Insiders Place Their Bets

In related news, Director Alison Cheryl Beckett purchased 1,029 shares of First Quantum Minerals stock in a transaction that occurred on Wednesday, July 2nd. The shares were bought at an average price of C$24.59 per share, for a total transaction of C$25,307.84. Company 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.