Scotiabank Has Bullish Estimate for TSE:FM FY2026 Earnings

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Investment analysts at Scotiabank lifted their FY2026 earnings estimates for shares of First Quantum Minerals in a note issued to investors on Wednesday, March 19th. Scotiabank analyst O. Wowkodaw now forecasts that the company will earn $1.29 per share for the year, up from their prior forecast of $1.22. Scotiabank currently has a "Sector Perform" rating and a $21.50 price target on the stock. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share.

First Quantum Minerals (TSE:FM - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported C$0.04 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 prior year, the firm earned ($0.37) earnings per share.

Several other analysts have also issued reports on the stock. Morgan Stanley upped their target price on shares of First Quantum Minerals from C$20.20 to C$22.00 and gave the stock an "equal weight" rating in a research note on Thursday, December 12th. Canaccord Genuity Group lowered shares of First Quantum Minerals from a "buy" rating to a "hold" rating and decreased their price objective for the company from C$24.00 to C$20.00 in a research note on Thursday, January 16th. Royal Bank of Canada boosted their target price on First Quantum Minerals from C$23.00 to C$24.00 in a research note on Wednesday, January 8th. Stifel Canada raised First Quantum Minerals to a "hold" rating in a research report on Wednesday, March 19th. Finally, TD Securities lifted their price target on First Quantum Minerals from C$19.00 to C$20.00 and gave the stock a "hold" rating in a report on Thursday, February 13th. Ten investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of C$21.57.

Remove Ads

First Quantum Minerals Stock Down 0.8 %

TSE FM traded down C$0.19 on Friday, reaching C$22.65. The company had a trading volume of 2,685,914 shares, compared to its average volume of 2,387,072. The company has a quick ratio of 1.41, a current ratio of 1.80 and a debt-to-equity ratio of 56.41. The company's fifty day moving average is C$19.14 and its 200 day moving average is C$18.58. First Quantum Minerals has a 52-week low of C$13.30 and a 52-week high of C$23.28. The stock has a market capitalization of C$12.86 billion, a P/E ratio of -8.37, a P/E/G ratio of -1.28 and a beta of 1.73.

Insider Buying and Selling

In other First Quantum Minerals news, 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 transaction of C$844,400.00. Also, Director Charles Kevin Mcarthur purchased 25,000 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of C$17.23 per share, for a total transaction of C$430,842.13. 19.35% of the stock is owned by insiders.

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.