Barclays maintains Buy rating for First Quantum Minerals stock at CAD 44.00

First Quantum Minerals stock has a fresh analyst marker: Barclays maintained a Buy rating and a CAD 44.00 price target on October 19, 2026, according to Markets Insider. The target is 31.58 percent above the Toronto price of CAD 33.44 on October 23, 2026.

At Lang & Schwarz, the stock was trading at EUR 21.29 on October 24, 2026 at 1:04 p.m. CEST, down 1.30 percent versus the Frankfurt close of October 23, 2026 at EUR 21.57. The euro price remains inside the Frankfurt 52-week range of EUR 16.91 to EUR 30.37, with the high dated August 25, 2026.

Second-quarter revenue rose 8.00 percent

First Quantum reported second-quarter 2026 revenue of USD 1.50 billion, an 8.00 percent increase, while adjusted EBITDA rose 23.00 percent to USD 400.00 million. The figures were discussed in the company's second-quarter results call carried by Yahoo Finance on July 29, 2026.

Copper production increased 4.00 percent quarter over quarter to more than 100,000 tons in the second quarter. Management kept 2026 copper production guidance at 175,000 to 205,000 tons and nickel guidance at 30,000 to 40,000 tons.

How does the price compare?

First Quantum's Toronto quotation was CAD 33.44 on October 23, 2026, down 1.91 percent on the session, with a market capitalization of CAD 27.9 billion and a price-to-earnings ratio of negative 223.42. Southern Copper was USD 185.01, up 0.77 percent, with a price-to-earnings ratio of 24.22 and market capitalization of USD 156.2 billion. Freeport-McMoRan was USD 65.18, up 0.91 percent, with a price-to-earnings ratio of 31.95 and market capitalization of USD 93.7 billion.

Results arrive October 28

First Quantum's next scheduled reporting date is October 28, 2026, for third-quarter and nine-month results, as listed on the company's First Quantum Minerals investor page. The date gives the market a near-term checkpoint for production, costs and progress at the company's development projects.

Stock stays below its yearly high

The stock's EUR 21.29 Lang & Schwarz price on October 24, 2026 at 1:04 p.m. CEST stood 29.90 percent below the Frankfurt 52-week high of EUR 30.37 dated August 25, 2026. The next company update is scheduled for October 28, 2026.

The further course of trading is shown by the continuously updated real-time quote of First Quantum Minerals stock.

Market context: Market report S&P/TSX Composite.

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