Scotiabank Issues Pessimistic Forecast for TSE:FM Earnings

First Quantum Minerals Ltd. (TSE:FM) – Stock analysts at Scotiabank decreased their FY2026 earnings per share estimates for First Quantum Minerals in a research note issued on Thursday, March 19th. Scotiabank analyst O. Wowkodaw now expects that the company will post earnings of $0.67 per share for the year, down from their prior estimate of $0.71. Scotiabank currently has a “Outperform” rating and a $45.00 target price on the stock. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share. Scotiabank also issued estimates for First Quantum Minerals’ FY2027 earnings at $2.44 EPS.

FM has been the subject of a number of other research reports. Royal Bank Of Canada raised their price target on shares of First Quantum Minerals from C$35.00 to C$40.00 in a report on Wednesday, December 10th. JPMorgan Chase & Co. lowered shares of First Quantum Minerals from an “overweight” rating to an “underperform” rating and dropped their price objective for the company from C$48.00 to C$28.00 in a report on Monday, March 9th. Morgan Stanley upped their target price on First Quantum Minerals from C$33.50 to C$36.70 in a research report on Tuesday, February 3rd. Desjardins raised their target price on First Quantum Minerals from C$34.00 to C$40.00 and gave the stock a “hold” rating in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce lifted their price target on First Quantum Minerals from C$36.00 to C$46.00 in a research report on Wednesday, February 4th. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$40.84.

First Quantum Minerals Stock Down 2.0%

TSE:FM opened at C$29.19 on Monday. The company has a market cap of C$24.17 billion, a PE ratio of -973.00, a P/E/G ratio of -1.28 and a beta of 1.26. First Quantum Minerals has a twelve month low of C$14.41 and a twelve month high of C$45.17. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of 52.92. The company’s 50 day moving average is C$37.56 and its two-hundred day moving average is C$33.50.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Tuesday, February 10th. The company reported C$0.01 earnings per share (EPS) for the quarter. The firm had revenue of C$1.95 billion for the quarter. First Quantum Minerals had a negative net margin of 0.52% and a negative return on equity of 0.24%.

First Quantum Minerals Company Profile

First Quantum is engaged in the production of copper, nickel and gold, and related activities including exploration and development. The Company has operating mines located in Zambia, Türkiye and Mauritania. The Company’s Cobre Panamá mine was placed into a phase of Preservation and Safe Management in November 2023. The Company’s Ravensthorpe mine was placed into a care and maintenance process in May 2024. The Company is progressing the Taca Taca copper-gold-molybdenum project in Argentina and is exploring La Granja and the Haquira copper deposits in Peru.