First Quantum Minerals’ third-quarter earnings and revenue topped estimates, according to an October 28 headline.
The supplied information does not include the reported figures, estimates, or an explanation of the results. The latest share price and trading volume offer market context, but they don’t show how investors responded specifically to the earnings report.
Investor takeaway: The company reported a beat, but the available facts don’t show its size or explain the quarter.
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First Quantum Minerals Ltd
FM.TO
FM.TO
First Quantum Minerals Ltd
WealthAwesomeMarket cap
$30.08B
52W high
$49.27
52W low
$27.06
1W change
-0.22%
Beta
2.06
Analyst Price Targets
Based on analyst covering FM · as of Oct 29, 2026
Wall Street analysts forecast FM stock price to rise 41.2% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$50.67
+41.2% Upside
Previously C$50.54 on Oct 28, 2026
Current Price
C$35.89
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on FM's historical volatility
30-Day Vol
62.8%
Annualized
90-Day Vol
56.7%
Annualized
Trend (90d)
-33.4%
Annualized drift
90d Mean
C$31.86
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$34.49 | C$27.77 – C$42.84 |
| 60 trading days | C$33.15 | C$24.40 – C$45.04 |
| 90 trading days | C$31.86 | C$21.88 – C$46.37 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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C$35.89 latest close; 2,235,199 shares traded
The latest close was 14.9% below the 50-day moving average of C$42.19. Trading volume was 0.73 times the 20-day average of 3,077,605 shares. These figures don’t isolate the market’s response to the earnings announcement.
Bull case
First Quantum reported earnings and revenue above estimates, according to the supplied headline.
Bear case
The available information doesn’t include the results or explain the beat. First Quantum’s supplied trailing EPS and profit margin are also negative.
What happened: Q3 earnings and revenue topped estimates
An October 28 headline says First Quantum Minerals’ third-quarter earnings and revenue came in above estimates. Another headline from the same day says the company reported third-quarter 2026 results, but the supplied information doesn’t include the results, comparison estimates, or management’s explanation. An October 27 headline about fair value after copper swings provides background, but isn’t the catalyst for this story. For company information, see the First Quantum Minerals stock page.
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What the numbers show: trading context, not the size of the beat
First Quantum’s latest close was C$35.89, down 0.47% over one day and 19.94% over one month. The supplied year-to-date change was -3.75%. Trading volume was 2,235,199 shares, below the 20-day average of 3,077,605. The close was 14.9% below the 50-day moving average of C$42.19 and 8.2% below the 200-day moving average of C$39.08.
These figures describe recent trading, but don’t show that the earnings headline caused the share-price moves. The supplied fundamentals also show trailing EPS of -C$0.13 and a -1.4% profit margin. No quarterly figures are available to compare with those measures.
What to watch next: the detailed quarterly figures
The key unanswered question is how much earnings and revenue exceeded estimates. The supplied headlines don’t include the actual results, the estimates used for comparison, or further details about the quarter. Those figures, along with any explanation from the company, would clarify the scale and context of the reported beat. The available information doesn’t specify another event or date to watch. Find more company details on the FM.TO stock page.
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