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

First Quantum Minerals Ltd. (TSE:FM - Free Report) - Research analysts at Scotiabank issued their FY2026 EPS estimates for shares of First Quantum Minerals in a report issued on Wednesday, January 8th. Scotiabank analyst O. Wowkodaw forecasts that the company will post earnings of $1.22 per share for the year. Scotiabank has a "Sector Perform" rating and a $23.00 price target on the stock. The consensus estimate for First Quantum Minerals' current full-year earnings is $0.56 per share.

Several other research firms have also recently issued reports on FM. National Bankshares raised their price objective on shares of First Quantum Minerals from C$21.00 to C$22.50 and gave the stock an "outperform" rating in a research report on Thursday, October 24th. Barclays upgraded shares of First Quantum Minerals from an "equal weight" rating to an "overweight" rating in a report on Tuesday, November 12th. Jefferies Financial Group decreased their price objective on First Quantum Minerals from C$23.00 to C$22.00 in a report on Monday. Morgan Stanley raised their target price on 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. Finally, CIBC lifted their target price on First Quantum Minerals from C$18.00 to C$20.00 in a research report on Wednesday, October 23rd. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of C$21.05.

First Quantum Minerals Price Performance

FM traded up C$0.82 on Thursday, reaching C$20.75. 1,032,877 shares of the company's stock were exchanged, compared to its average volume of 1,657,203. First Quantum Minerals has a twelve month low of C$10.91 and a twelve month high of C$21.45. The stock has a market cap of C$17.31 billion, a PE ratio of -8.01, a P/E/G ratio of -1.28 and a beta of 1.73. The company has a debt-to-equity ratio of 67.00, a current ratio of 2.35 and a quick ratio of 1.41. The stock's fifty day moving average price is C$18.91 and its 200-day moving average price is C$17.79.

Insider Buying and Selling at First Quantum Minerals

In other news, Senior Officer Zenon Wozniak sold 45,000 shares of the stock in a transaction dated Friday, December 6th. The shares were sold at an average price of C$20.32, for a total value of C$914,400.00. Also, Director Simon John Scott bought 1,397 shares of the stock in a transaction on Tuesday, December 31st. The shares were bought at an average price of C$18.57 per share, for a total transaction of C$25,942.29. 19.35% of the stock is currently owned by corporate 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.