What is Scotiabank’s Forecast for TSE:FM FY2026 Earnings?

First Quantum Minerals Ltd. (TSE:FM) – Investment analysts at Scotiabank increased their FY2026 earnings per share (EPS) estimates for First Quantum Minerals in a research report issued to clients and investors on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $1.29 per share for the year, up from their prior estimate of $1.22. Scotiabank has a “Sector Perform” rating and a $21.50 price objective on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.03 by C$0.01. First Quantum Minerals had a negative return on equity of 14.05% and a negative net margin of 32.41%. During the same period in the previous year, the business posted ($0.37) EPS.

Several other research analysts have also recently weighed in on FM. Canaccord Genuity Group cut First Quantum Minerals from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$24.00 to C$20.00 in a report on Thursday, January 16th. Stifel Canada raised First Quantum Minerals to a “hold” rating in a research note on Wednesday. TD Securities raised their target price on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a “hold” rating in a research note on Thursday, February 13th. Barclays reduced their price target on First Quantum Minerals from C$25.00 to C$23.40 in a report on Thursday, January 30th. Finally, Morgan Stanley upped their price objective on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Ten equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of C$21.57.

First Quantum Minerals Trading Up 0.2 %

Shares of FM opened at C$22.23 on Friday. First Quantum Minerals has a 52-week low of C$13.30 and a 52-week high of C$23.24. The stock has a market cap of C$12.62 billion, a PE ratio of -8.22, a price-to-earnings-growth ratio of -1.28 and a beta of 1.73. The firm’s fifty day moving average is C$19.01 and its two-hundred day moving average is C$18.50. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41.

Insider Transactions at First Quantum Minerals

In other First Quantum Minerals news, Director Charles Kevin Mcarthur purchased 25,000 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were bought at an average cost of C$17.23 per share, for a total transaction of C$430,842.13. Also, Senior Officer Zenon Wozniak sold 40,000 shares of First Quantum Minerals stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of C$21.11, for a total value of C$844,400.00. Corporate insiders own 19.35% of the company’s stock.

First Quantum Minerals Company Profile

First Quantum Minerals Ltd., together with its subsidiaries, engages in the exploration, development, and production of mineral properties. It primarily explores for copper, nickel, pyrite, silver, gold, and zinc ores, as well as produces acid. The company has operating mines located in Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, as well as a development project in Zambia.