FIRST QUANTUM MINERALS LTD (FM.CA) Forecast, Price Target & Analyst Ratings

TSX:FM • CA3359341052

Current stock price

35.95 CAD
-0.39 (-1.07%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for FIRST QUANTUM MINERALS LTD (FM.CA).

Forecast Snapshot

Consensus Price Target

Price Target
CA$44.42
+ 23.57% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 28, 2026
Period
Q1 / 2026
EPS Estimate
$0.11
Revenue Estimate
1.483B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
76.77%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
CA$44.42
Upside
+ 23.57%
From current price of CA$35.95 to mean target of CA$44.42, Based on 31 analyst forecasts
Low
CA$22.93
Median
CA$45.90
High
CA$53.55

Price Target Revisions

1 Month
3.25%
3 Months
25.08%

Price Target Summary

31 Wall Street analysts provided a forecast for the next 12 months for FM.CA. The average price target is 44.42 CAD. This implies a price increase of 23.57% is expected in the next year compared to the current price of 35.95.
The average price target has been revised upward by 25.08% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

FM Current Analyst RatingFM Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 5 10

Analyst Ratings History

FM Historical Analyst RatingsFM Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 10 20 30

Analyst Ratings Consensus

ChartMill Buy Consensus
76.77%
FM.CA was analyzed by 31 analysts. The buy percentage consensus is at 77. So analysts seem to be have mildly positive about FM.CA.
In the previous month the buy percentage consensus was at a similar level.
FM.CA was analyzed by 31 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2022-12-14JP Morgan & CompanyUpgrade Sell
2022-12-09BMO FinancialDowngrade Market Perform
2022-12-09STA ResearchUpgrade Underperform
2022-12-08Morgan JosephUpgrade
2022-12-05CIBC Capital MarketsUpgrade
2022-12-02Scotiabank CapitalMaintains Outperform
2022-11-23Deustche BankMaintains Buy
2022-11-23Deutsche Bank CapitalUpgrade
2022-11-23Raymond James CapitalDowngrade Hold
2022-11-23STA ResearchMaintains Underperform
2022-11-11JP Morgan & CompanyDowngrade Sell
2022-10-27Deutsche Bank CapitalDowngrade
2022-10-27National Bank of Canada FinancialDowngrade Outperform
2022-10-27TD ResearchDowngrade Hold
2022-10-27Scotiabank CapitalDowngrade Outperform
2022-10-27Credit SuisseDowngrade
2022-10-26CIBC Capital MarketsDowngrade Neutral
2022-10-26Scotiabank CapitalMaintains Outperform
2022-10-26STA ResearchReiterate Underperform
2022-10-21Raymond James CapitalDowngrade
2022-10-18Morgan StanleyDowngrade Sell
2022-10-17BarclaysUpgrade
2022-10-13National Bank of Canada FinancialDowngrade
2022-10-11STA ResearchMaintains Underperform
2022-10-07TD ResearchMaintains Buy

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 28, 2026
Period
Q1 / 2026
EPS Estimate
$0.11
Revenue Estimate
1.483B
Revenue Q2Q
24.62%
EPS Q2Q
N/A
Number of Analysts
19

Next Earnings Revisions

Revenue (1 Month)
4.36%
Revenue (3 Months)
-1.92%
EPS (1 Month)
-4.62%
EPS (3 Months)
14.79%

Next Earnings Summary

FM.CA is expected to report earnings on 4/28/2026. The consensus EPS estimate for the next earnings is 0.11 CAD and the consensus revenue estimate is 1.48B CAD.
The next earnings revenue estimate has been revised downward by 1.92% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2030

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030
Revenue
YoY % growth
FM.CA revenue by date.FM.CA revenue by date.
6.456B
-15.34%		4.802B
-25.62%		5.237B
9.06%		6.555B
25.17%		9.363B
42.84%		10.827B
15.64%		11.308B
4.44%		9.419B
-16.70%
EBITDA
YoY % growth
FM.CA ebitda by date.FM.CA ebitda by date.
2.233B
-31.14%		1.613B
-27.77%		1.734B
7.50%		2.721B
56.92%		4.798B
76.33%		5.817B
21.24%		6.387B
9.80%		4.78B
-25.16%
EBIT
YoY % growth
FM.CA ebit by date.FM.CA ebit by date.
1.112B
-44.76%		980M
-11.87%		1.016B
3.67%		1.885B
85.53%		3.321B
76.18%		4.229B
27.34%		5.114B
20.93%		3.504B
-31.48%
Operating Margin
FM.CA operating margin by date.FM.CA operating margin by date.
17.22%20.41%19.40%28.76%35.47%39.06%45.22%37.20%
EPS
YoY % growth
FM.CA eps by date.FM.CA eps by date.
0.38
-75.48%		-0.04
-110.53%		0.01
125.00%		0.81
8,022.89%		2.28
180.59%		2.74
20.12%		2.97
8.35%		1.86
-37.15%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27 Q1 / 28 Q2 / 28 Q3 / 28 Q4 / 28
EPS
Q2Q % growth		0.110.12
511.00%		0.23
1,257.72%		0.26
2,464.70%		0.47
349.79%		0.55
349.54%		0.63
172.83%		0.66
158.37%		0.85
80.43%		0.76
38.75%		0.73
15.76%		0.73
10.36%
Revenue
Q2Q % growth		1.483B
24.62%		1.555B
26.84%		1.755B
30.39%		1.947B
32.00%		2.378B
60.35%		2.693B
73.18%		2.948B
67.98%		3.119B
60.20%		3.127B
31.50%		3B
11.40%		2.971B
0.78%		2.969B
-4.81%
EBITDA
Q2Q % growth		530.35M
33.59%		559.36M
-1.69%		723.96M
-6.22%		769.07M
-24.08%		1.008B
90.06%		1.19B
112.74%		1.401B
93.52%		1.491B
93.87%		1.666B
65.28%		1.548B
30.08%		1.511B
7.85%		1.503B
0.80%
EBIT
Q2Q % growth		292.51M
22.90%		362.64M
52.37%		526.17M
114.76%		558.73M
89.40%		962.97M
229.21%		1.065B
193.68%		1.2B
128.06%		1.276B
128.38%		1.325B
37.60%		1.207B
13.33%		1.17B
-2.50%		1.161B
-9.01%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

FM.CA Yearly Revenue VS EstimatesFM.CA Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
FM.CA Yearly EPS VS EstimatesFM.CA Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 1 2

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
549.33%
EPS Next 5 Year
184.51%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
27.01%
Revenue Next 5 Year
12.25%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
78.37%
EBIT Next 5 Year
36.06%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

FIRST QUANTUM MINERALS LTD / FM.CA Forecast FAQ

What do analysts expect the price target to be for FIRST QUANTUM MINERALS LTD (FM.CA)?

31 analysts have analysed FM.CA and the average price target is 44.42 CAD. This implies a price increase of 23.57% is expected in the next year compared to the current price of 35.95.

Can you provide the upcoming earnings date for FIRST QUANTUM MINERALS LTD?

FIRST QUANTUM MINERALS LTD (FM.CA) will report earnings on 2026-04-28.

Can you provide the consensus estimates for FIRST QUANTUM MINERALS LTD next earnings?

The consensus EPS estimate for the next earnings of FIRST QUANTUM MINERALS LTD (FM.CA) is 0.11 CAD and the consensus revenue estimate is 1.48B CAD.

Can you provide the expected long term growth rate for FIRST QUANTUM MINERALS LTD stock?

The expected long term growth rate for FIRST QUANTUM MINERALS LTD (FM.CA) is 27.01%.