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

First Quantum Minerals Ltd. (TSE:FM) – Analysts at Scotiabank lifted their FY2026 EPS estimates for First Quantum Minerals in a research report issued on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings of $0.22 per share for the year, up from their prior estimate of $0.19. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

First Quantum Minerals (TSE:FM) last released its quarterly earnings results on Wednesday, October 28th. The company reported C$0.41 earnings per share for the quarter. First Quantum Minerals had a net margin of 2.65% and a return on equity of 1.53%. The company had revenue of C$2.97 billion during the quarter.

A number of other equities analysts have also weighed in on the stock. Canadian Imperial Bank of Commerce reduced their target price on shares of First Quantum Minerals from C$44.00 to C$41.00 in a research note on Thursday, July 30th. National Bank Financial set a C$50.00 price target on First Quantum Minerals and gave the company an “outperform” rating in a research note on Monday, September 21st. TD Securities raised First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, July 14th. Raymond James Financial boosted their price target on First Quantum Minerals from C$45.00 to C$47.00 and gave the company a “market perform” rating in a report on Friday, September 4th. Finally, Royal Bank Of Canada upped their price objective on First Quantum Minerals from C$45.00 to C$52.00 in a research report on Wednesday, September 16th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$46.78.

First Quantum Minerals Trading Up 3.5%

Shares of TSE:FM opened at C$33.23 on Thursday. First Quantum Minerals has a 12 month low of C$27.68 and a 12 month high of C$49.27. The company has a quick ratio of 1.41, a current ratio of 1.79 and a debt-to-equity ratio of 53.10. The company’s fifty day simple moving average is C$40.54 and its 200 day simple moving average is C$38.89. The firm has a market cap of C$27.72 billion, a price-to-earnings ratio of 158.24, a PEG ratio of -1.28 and a beta of 1.47.

Insider Activity

In other news, insider Robert Richard Cayton Stone sold 20,000 shares of First Quantum Minerals stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of C$46.63, for a total value of C$932,600.00. Following the sale, the insider directly owned 69,196 shares in the company, valued at C$3,226,609.48. This trade represents a 22.42% decrease in their ownership of the stock. 19.35% of the stock is owned by company insiders.

About First Quantum Minerals

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.