First Quantum Minerals Ltd. (TSX:FM)
Canada flag Canada · Delayed Price · Currency is CAD
36.17
-0.53 (-1.44%)
Oct 20, 2026, 4:00 PM EST

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 $49.88. The average 1-year stock price forecast is 37.90% higher than the current stock price, while the lowest is $43.66 (+20.71%) and the highest is $59.56 (+64.67%).

Price Target: $49.88 (+37.90%)
Analyst Consensus: Buy

Price Target

Chart
TargetLowAverageMedianHigh
Price$43.66$49.88$49.84$59.56
Change+20.71%+37.90%+37.79%+64.67%

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

Chart
RatingMay '26Jun '26Jul '26Aug '26Sep '26Oct '26
Strong Buy8910101010
Buy777777
Hold765555
Sell000000
Strong Sell000000
Total222222222222

Latest Forecasts

AnalystFirmRatingRatingActionPrice TargetUpsideDate
Barclays
Barclays
Buy
Maintains
$46.00 → $44.00
BuyMaintains$46.00 → $44.00+21.65%Oct 19, 2026
RBC Capital
RBC Capital
Buy
Maintains
$52.00
BuyMaintains$52.00+43.77%Oct 7, 2026
Goldman Sachs
Goldman Sachs
Buy
Maintains
$48.00
BuyMaintains$48.00+32.71%Oct 1, 2026
Unknown Analyst
National Bank
No rating
National Bank
Buy
Maintains
$50.00
BuyMaintains$50.00+38.24%Sep 21, 2026
Unknown Analyst
Raymond James
No rating
Raymond James
Hold
Maintains
$45.00 → $47.00
HoldMaintains$45.00 → $47.00+29.94%Sep 4, 2026
More Analyst Ratings

Financial Forecast

Revenue This Year
6.73B
from 5.24B
Increased by 28.43%
Revenue Next Year
9.14B
from 6.73B
Increased by 35.87%
EPS This Year
0.22
from 0.01
Increased by 2,063.40%
EPS Next Year
1.94
from 0.22
Increased by 794.49%
Fiscal YearFY 2021FY 2022FY 2023FY 2024FY 2025FY 2026
Period EndingDec 31, 2021Dec 31, 2022Dec 31, 2023Dec 31, 2024Dec 31, 2025Dec 31, 2026
Revenue
7.21B7.63B6.46B4.80B5.24B6.73B
Revenue Growth
42.25%5.74%-15.34%-25.62%9.06%28.43%
Gross Profit
2.56B2.20B1.29B1.35B1.46B1.74B
Gross Margin
35.52%28.85%20.01%28.11%27.84%25.85%
Operating Income
2.40B2.04B1.10B958.00M993.00M1.37B
Net Income
832.00M1.03B-954.00M2.00M-28.00M243.01M
EPS
----0.010.22
EPS Growth
-----2,063.40%
Forward PE
11.2826.0153.45208.1648.01118.96
Dividend / Share
0.010.210.06--0.02
Free Cash Flow
----948.00M56.33M
No. Analysts
-----12
EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue202620272028
High7.0B
Avg6.7B
Low6.4B

Revenue Growth

Revenue Growth202620272028
High
32.8%
Avg
28.4%
Low
22.8%

EPS Forecast

EPS202620272028
High0.43
Avg0.22
Low0.04

EPS Growth

EPS Growth202620272028
High
4,200.0%
Avg
2,063.4%
Low
300.0%