Scotiabank Raises First Quantum Minerals FY2026 Earnings Estimates

First Quantum Minerals Ltd. (OTCMKTS:FQVLF - Free Report) has recently seen a boost in its earnings projections. Analysts at Scotiabank have increased their estimates for the company's earnings per share for the fiscal year 2026. In a research note shared with investors on March 19th, Scotiabank analyst O. Wowkodaw indicated that they now anticipate the basic materials company will achieve earnings per share of $0.90 for FY2026, up from a previous forecast of $0.85.

Currently, the consensus estimate for First Quantum Minerals' earnings in the current fiscal year is $0.03 per share. This significant revision reflects a positive outlook on the company's performance in the mining and materials sector.

Other analysts have also provided insights on First Quantum Minerals. Stifel Canada has upgraded the stock to a "hold" rating, while Canaccord Genuity Group has downgraded it from a "buy" to a "hold" rating. Overall, four analysts have recommended holding the stock, two have issued buy ratings, and one analyst has given a strong buy rating. According to MarketBeat.com, the stock currently holds an average rating of "Moderate Buy."

First Quantum Minerals Stock Performance

As of Friday, First Quantum Minerals' stock opened at $15.55. The company has a market capitalization of approximately $12.97 billion, a P/E ratio of -777.50, and a beta of 1.49. The stock has a 50-day moving average of $13.20 and a 200-day moving average of $13.17. Over the past year, the stock has fluctuated, hitting a low of $9.76 and a high of $16.22. The company's financial metrics also indicate a debt-to-equity ratio of 0.49, a current ratio of 2.08, and a quick ratio of 0.93.

In their last reported quarterly earnings, which were announced on February 11th, First Quantum Minerals reported earnings per share of $0.04. This was slightly below the consensus estimate of $0.05 per share, resulting in a negative return on equity of 0.15% and a net margin of 0.04%.

About First Quantum Minerals

First Quantum Minerals Ltd. operates in the exploration, development, and production of mineral properties. The company primarily focuses on copper, nickel, pyrite, silver, gold, and zinc ore, and it also produces acid. First Quantum Minerals has operational mines located in several countries, including Zambia, Panama, Finland, Turkey, Spain, Australia, and Mauritania, along with a development project in Zambia.

Earnings, Stocks, Analysis