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

First Quantum Minerals Ltd. (TSE:FM) – Equities researchers at Scotiabank raised their FY2026 earnings per share estimates for First Quantum Minerals in a note issued to investors on Thursday, June 18th. Scotiabank analyst O. Wowkodaw now anticipates that the company will earn $0.22 per share for the year, up from their previous forecast of ($0.19). Scotiabank currently has a “Sector Outperform” rating and a $55.00 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 $2.54 EPS.

FM has been the topic of a number of other reports. Canaccord Genuity Group reduced their price target on shares of First Quantum Minerals from C$48.00 to C$46.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Scotia dropped their price objective on shares of First Quantum Minerals from C$47.00 to C$44.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 30th. Stifel Nicolaus raised their target price on shares of First Quantum Minerals from C$47.00 to C$52.00 and gave the company a “buy” rating in a research note on Wednesday, April 15th. UBS Group upgraded shares of First Quantum Minerals from a “hold” rating to a “buy” rating and lifted their target price for the company from C$38.00 to C$50.00 in a report on Thursday, March 12th. Finally, JPMorgan Chase & Co. raised shares of First Quantum Minerals from an “underweight” rating to a “neutral” rating and upped their price target for the stock from C$28.00 to C$37.00 in a research report on Friday, April 24th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, First Quantum Minerals has a consensus rating of “Moderate Buy” and an average target price of C$44.24.

First Quantum Minerals Trading Down 0.7%

FM stock opened at C$43.01 on Monday. The company has a market cap of C$35.62 billion, a price-to-earnings ratio of -179.21, a PEG ratio of -1.28 and a beta of 1.36. The company has a quick ratio of 1.41, a current ratio of 1.76 and a debt-to-equity ratio of 54.67. The business has a fifty day simple moving average of C$38.70 and a 200-day simple moving average of C$37.15. First Quantum Minerals has a 52 week low of C$21.02 and a 52 week high of C$46.36.

First Quantum Minerals (TSE:FM) last posted its quarterly earnings data on Wednesday, April 29th. The company reported C($0.25) earnings per share (EPS) for the quarter. The business had revenue of C$1.95 billion for the quarter. First Quantum Minerals had a negative return on equity of 1.78% and a negative net margin of 3.69%.

Insider Buying and Selling at First Quantum Minerals

In other First Quantum Minerals news, insider Gavin Ashley sold 20,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of C$46.00, for a total transaction of C$920,000.00. Following the completion of the sale, the insider owned 75,905 shares in the company, valued at C$3,491,630. The trade was a 20.85% decrease in their ownership of the stock. Company insiders own 19.35% of the company’s stock.

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.