C$39.35
2.37%
Toronto, Oct 02, 04:00 pm EDT. Closed.
ISIN
CA3359341052
Symbol
FM
Index
Sector
Industry

First Quantum Minerals Target price 2026 - Analyst rating & recommendation

First Quantum Minerals Classifications & Recommendation

Buy
80%
Hold
20%

First Quantum Minerals Price Target

Target Price C$51.00
Price C$39.35
Potential
Number of Estimates 25
25 Analysts have issued a price target First Quantum Minerals 2027 . The average First Quantum Minerals target price is C$51.00. This is higher than the current stock price. The highest price target is , the lowest is .
A rating was issued by 30 analysts: 24 Analysts recommend First Quantum Minerals to buy, 6 to hold and 0 to sell.
Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
Analyst Estimates: Analysts believe that the First Quantum Minerals stock has an average upside potential 2027 of . Most analysts recommend the First Quantum Minerals stock at Purchase.

Sales and Margin forecast 2026, 2027 to 2029

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Quarter Annually
Dec '25 2026
Estimates
Revenue Billion C$ 7.46 9.91
9.06% 32.86%
EBITDA Margin 33.11% 32.88%
1.43% 0.70%
Net Margin -0.53% 2.49%
1,383.39% 565.72%

22 Analysts have issued a sales forecast First Quantum Minerals 2026 . The average First Quantum Minerals sales estimate is

C$9.9b
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. This is
21.07% higher
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than the revenue of the last 12 months(TTM). The highest sales forecast is
C$10.8b 32.49%
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, the lowest is
C$8.7b 6.28%
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.

This results in the following potential growth metrics:

Revenue Estimates

2025 C$7.5b 9.06%
2026
C$9.9b 32.86%
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2027
C$13.7b 38.24%
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2028
C$17.2b 25.72%
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2029
C$14.6b 15.22%
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22 Analysts have issued an First Quantum Minerals EBITDA forecast 2026. The average First Quantum Minerals EBITDA estimate is

C$3.3b
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. This is
38.67% higher
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than the EBITDA of the last 12 months(TTM). The highest EBITDA forecast is
C$4.0b 68.36%
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, the lowest is
C$2.7b 16.67%
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.

This results in the following potential growth metrics and future EBITDA Margins:

EBITDA Estimates

2025 C$2.5b 7.50%
2026
C$3.3b 31.95%
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2027
C$6.2b 88.85%
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2028
C$8.7b 41.98%
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2029
C$7.3b 16.14%
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EBITDA Margin

2025 33.11% 1.43%
2026
32.88% 0.70%
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2027
44.92% 36.62%
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2028
50.73% 12.93%
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2029
50.18% 1.08%
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25 First Quantum Minerals Analysts have issued a net profit forecast 2026. The average First Quantum Minerals net profit estimate is

C$247m
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. This is
309.01% higher
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than the net profit for the last 12 months(TTM). The highest net profit forecast is
C$736m 722.62%
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, the lowest is
C$-221m 87.14%
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.

This results in the following potential growth metrics and future Net Margins:

Net Profit Estimates

2025 C$-39.9m 1,499.65%
2026
C$247m 719.58%
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2027
C$2.1b 760.17%
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2028
C$3.5b 65.40%
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2029
C$2.4b 31.07%
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Net Margin

2025 -0.53% 1,383.39%
2026
2.49% 565.72%
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2027
15.51% 522.89%
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2028
20.41% 31.59%
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2029
16.59% 18.72%
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Earnings per share, P/E ratio and EV/sales Estimates 2026, 2027 to 2029

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Select at least one metric to display the chart.


Quarter Annually
Dec '25 2026
Estimates
Earnings Per Share C$ -0.05 0.30
700.00%
P/E 132.82
EV/Sales 4.22

25 Analysts have issued a First Quantum Minerals forecast for earnings per share. The average First Quantum Minerals EPS is

C$0.30
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. This is
314.29% higher
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than earnings per share in the financial year 2025. The highest EPS forecast is
C$0.88 728.57%
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, the lowest is
C$-0.27 92.86%
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.

This results in the following potential growth metrics and future valuations:

Earnings Per Share

2025 C$-0.05
2026
C$0.30 700.00%
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2027
C$2.55 750.00%
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2028
C$4.22 65.49%
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2029
C$2.91 31.04%
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P/E ratio

Current -281.07 428.17%
2026
132.82 147.25%
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2027
15.44 88.38%
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2028
9.34 39.51%
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2029
13.54 44.97%
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Based on analysts' sales estimates for 2026, the First Quantum Minerals stock is valued at an EV/Sales of

and an P/S ratio of .

This results in the following potential growth metrics and future valuations:

EV/Sales

Current 5.11 4.93%
2026
4.22 17.40%
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2027
3.05 27.66%
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2028
2.43 20.46%
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2029
2.86 17.95%
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P/S ratio

Current 3.92 12.82%
2026
3.23 17.41%
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2027
2.34 27.66%
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2028
1.86 20.46%
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2029
2.20 17.94%
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Current First Quantum Minerals Upgrades & Downgrades

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Analyst Rating Action Date
TD COWEN
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Locked Sep 02 2026
SCOTIABANK GBM
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ARC INDEPENDENT RESEARCH
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CANACCORD GENUITY
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NATIONAL BANK FINANCIAL
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CIBC CAPITAL MARKETS
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JEFFERIES
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Analyst Rating Date
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TD COWEN:
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Locked
Sep 02 2026
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SCOTIABANK GBM:
Locked
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Aug 17 2026
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ARC INDEPENDENT RESEARCH:
Locked
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Jul 30 2026
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CANACCORD GENUITY:
Locked
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Jul 29 2026
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NATIONAL BANK FINANCIAL:
Locked
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Jul 29 2026
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CIBC CAPITAL MARKETS:
Locked
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Locked
Jul 29 2026
Locked
JEFFERIES:
Locked
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Locked
Jul 29 2026

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