Scotiabank Has Pessimistic Outlook of TSE:FM FY2026 Earnings

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Equities research analysts at Scotiabank reduced their FY2026 earnings per share (EPS) estimates for First Quantum Minerals in a research note issued to investors on Tuesday, July 15th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $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.

Several other analysts also recently issued reports on the stock. Royal Bank Of Canada lifted their price target on shares of First Quantum Minerals from C$24.00 to C$25.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. BMO Capital Markets raised shares of First Quantum Minerals to a "strong-buy" rating in a report on Tuesday, April 15th. Canaccord Genuity Group raised shares of First Quantum Minerals from a "hold" rating to a "strong-buy" rating in a report on Wednesday, April 16th. National Bankshares boosted their price target on shares of First Quantum Minerals from C$24.00 to C$27.50 and gave the stock an "outperform" rating in a report on Wednesday, July 9th. Finally, Desjardins raised shares of First Quantum Minerals to a "hold" rating in a report on Thursday, April 3rd. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of C$22.32.

First Quantum Minerals Trading Down 0.9%

Shares of FM stock traded down C$0.21 during trading hours on Friday, hitting C$23.39. 1,402,378 shares of the company were exchanged, compared to its average volume of 2,522,130. The firm has a market cap of C$13.28 billion, a P/E ratio of -8.64, a P/E/G ratio of -1.28 and a beta of 1.73. First Quantum Minerals has a fifty-two week low of C$13.81 and a fifty-two week high of C$25.96. 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 company has a 50 day simple moving average of C$21.93 and a two-hundred day simple moving average of C$19.84.

Insider Buying and Selling at First Quantum Minerals

In related news, Director Alison Cheryl Beckett bought 1,029 shares of the business's stock in a transaction dated Wednesday, July 2nd. The shares were purchased at an average price of C$24.59 per share, with a total value of C$25,307.84. Corporate 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.