First Quantum Minerals Stock Forecast

Stock Price Forecast

According to 22 analysts polled by S&P Global, First Quantum Minerals stock has a consensus rating of "Buy" and an average price target of $46.69. The average 1-year stock price forecast is 8.56% higher than the current stock price, while the lowest is $33.79 (-21.44%) and the highest is $55.76 (+29.64%).

Price Target: $46.69 (+8.56%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$33.79	$46.69	$46.50	$55.76
Change	-21.44%	+8.56%	+8.11%	+29.64%

Analyst Ratings

The average analyst rating for First Quantum Minerals stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	7	7	8	8	8	9
Buy	5	6	5	5	7	7
Hold	10	9	8	9	7	6
Sell	0	0	1	0	0	0
Strong Sell	0	0	0	0	0	0
Total	22	22	22	22	22	22

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Chris LaFemina Jefferies	Jefferies	Buy Maintains $47.00 → $55.00	Buy	Maintains	$47.00 → $55.00	+27.88%	Jun 8, 2026
Ioannis Masvoulas Morgan Stanley	Morgan Stanley	Buy Maintains $42.20 → $46.30	Buy	Maintains	$42.20 → $46.30	+7.65%	Jun 5, 2026
Sam Crittenden RBC Capital	RBC Capital	Buy Maintains $45.00	Buy	Maintains	$45.00	+4.63%	Jun 4, 2026
Liam Fitzpatrick Deutsche Bank	Deutsche Bank	Buy Upgrades $40.00 → $50.00	Buy	Upgrades	$40.00 → $50.00	+16.25%	Jun 3, 2026
Patrick Jones J.P. Morgan	J.P. Morgan	Hold Maintains $34.00 → $33.00	Hold	Maintains	$34.00 → $33.00	-23.27%	May 26, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

6.45B

from 5.24B

23.12%

from 5.24B

Revenue Next Year

9.13B

from 6.45B

41.62%

from 6.45B

EPS This Year

0.47

from 0.01

4,624.80%

from 0.01

EPS Next Year

2.15

from 0.47

356.10%

from 0.47

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	7.21B	7.63B	6.46B	4.80B	5.24B	6.45B
Revenue Growth	42.25%	5.74%	-15.34%	-25.62%	9.06%	23.12%
Gross Profit	2.56B	2.20B	1.29B	1.35B	1.46B	1.51B
Gross Margin	35.52%	28.85%	20.01%	28.11%	27.84%	23.48%
Operating Income	2.40B	2.04B	1.10B	958.00M	993.00M	1.34B
Net Income	832.00M	1.03B	-954.00M	2.00M	-28.00M	342.81M
EPS	-	-	-	-	0.01	0.47
EPS Growth	-	-	-	-	-	4,624.80%
Forward PE	11.28	26.01	53.45	-	48.01	64.37
Dividend / Share	0.01	0.21	0.06	-	-	0.01
Free Cash Flow	1.20B	397.75M	286.25M	-458.75M	-95.75M	396.33M
No. Analysts	-	-	-	-	-	15

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2026	2027	2028
High	6.8B
Avg	6.4B
Low	6.1B

Revenue Growth

Revenue Growth	2026	2027	2028
High	30.7%
Avg	23.1%
Low	16.9%

EPS Forecast

EPS	2026	2027	2028
High	0.64
Avg	0.47
Low	0.16

EPS Growth

EPS Growth	2026	2027	2028
High	6,300.0%
Avg	4,624.8%
Low	1,500.0%