Research Analysts Issue Forecasts for TSE:FM FY2027 Earnings

First Quantum Minerals Ltd. (TSE:FM) – Analysts at Scotiabank reduced their FY2027 EPS estimates for First Quantum Minerals in a research report issued to clients and investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now anticipates that the company will post earnings per share of $1.83 for the year, down from their prior forecast of $2.24. The consensus estimate for First Quantum Minerals’ current full-year earnings is $0.56 per share.

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

Several other equities research analysts have also recently weighed in on FM. Barclays upped their price target on First Quantum Minerals from C$42.00 to C$46.00 in a research note on Thursday, July 16th. Raymond James Financial raised their price objective on First Quantum Minerals from C$45.00 to C$47.00 and gave the company a “market perform” rating in a research report on Friday, September 4th. Royal Bank Of Canada boosted their target price on shares of First Quantum Minerals from C$45.00 to C$52.00 in a report on Wednesday, September 16th. Stifel Nicolaus upped their target price on shares of First Quantum Minerals from C$52.00 to C$55.00 and gave the stock a “buy” rating in a research report on Tuesday, July 21st. Finally, TD Securities raised shares of First Quantum Minerals from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 14th. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$46.78.

First Quantum Minerals Stock Performance

TSE:FM opened at C$31.96 on Friday. The stock has a market cap of C$26.66 billion, a P/E ratio of 152.19, a price-to-earnings-growth ratio of -1.28 and a beta of 0.64. The firm’s fifty day simple moving average is C$40.22 and its 200 day simple moving average is C$38.85. First Quantum Minerals has a twelve month low of C$27.68 and a twelve 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.

Insider Buying and Selling at First Quantum Minerals

In related news, insider Robert Richard Cayton Stone sold 20,000 shares of First Quantum Minerals stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of C$46.63, for a total transaction of C$932,600.00. Following the transaction, the insider owned 69,196 shares in the company, valued at approximately C$3,226,609.48. The trade was a 22.42% decrease in their position. 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.