What is Scotiabank’s Forecast for TSE:FM FY2027 Earnings?

First Quantum Minerals Ltd. (TSE:FM) – Analysts at Scotiabank dropped their FY2027 earnings per share (EPS) estimates for shares of First Quantum Minerals in a research note issued to investors on Monday, November 2nd. Scotiabank analyst O. Wowkodaw now expects that the company will earn $1.83 per share for the year, down from their previous 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 (EPS) for the quarter. The business had revenue of C$2.97 billion during the quarter. First Quantum Minerals had a net margin of 2.65% and a return on equity of 1.53%.

A number of other equities analysts have also weighed in on FM. Barclays upped their target price on shares of First Quantum Minerals from C$42.00 to C$46.00 in a research report on Thursday, July 16th. Canadian Imperial Bank of Commerce reduced their price target on shares of First Quantum Minerals from C$44.00 to C$41.00 in a report on Thursday, July 30th. National Bank Financial set a C$50.00 price target on shares of First Quantum Minerals and gave the company an “outperform” rating in a report on Monday, September 21st. Royal Bank Of Canada boosted their price target on shares of First Quantum Minerals from C$45.00 to C$52.00 in a research note on Wednesday, September 16th. Finally, Stifel Nicolaus increased their price objective on shares of First Quantum Minerals from C$52.00 to C$55.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, First Quantum Minerals presently has a consensus rating of “Moderate Buy” and an average price target of C$46.78.

First Quantum Minerals Price Performance

FM stock opened at C$31.96 on Friday. First Quantum Minerals has a one year low of C$27.68 and a one year high of C$49.27. The company’s fifty day moving average price is C$40.22 and its 200-day moving average price is C$38.85. The company has a debt-to-equity ratio of 53.10, a quick ratio of 1.41 and a current ratio of 1.79. The company has a market capitalization of C$26.66 billion, a PE ratio of 152.19, a price-to-earnings-growth ratio of -1.28 and a beta of 0.64.

Insiders Place Their Bets

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

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.