Zacks downgrades First Quantum Minerals stock to Strong Sell

Published on 10/08/2026 at 20:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue topped consensus at USD 1.52 billion. First Quantum Minerals stock costs EUR 23.78 versus EUR 24.01 on October 8, 2026.

Key points in brief

Zacks Research downgraded First Quantum Minerals from Hold to Strong Sell on October 8, 2026.
Second-quarter 2026 revenue reached USD 1.52 billion versus USD 1.40 billion consensus.
The Lang & Schwarz price was EUR 23.78 on October 8, 2026, minus 0.96 percent versus EUR 24.01.

First Quantum Minerals, CA3359341052, Illustration mit AI erstellt.

First Quantum Minerals stock (ISIN CA3359341052) was at EUR 23.78 at Lang & Schwarz on October 8, 2026, minus 0.96 percent versus the EUR 24.01 prior close. According to MarketBeat on October 8, 2026, Zacks Research downgraded the company from Hold to Strong Sell.

Quarterly figures sharpen the contrast

For the second quarter of 2026, MarketBeat reported revenue of USD 1.52 billion against consensus of USD 1.40 billion. The same report cited an earnings per share loss of USD 0.13 against a consensus loss of USD 0.07.

The revenue comparison was positive, but the earnings miss gives the rating change a clear counterweight. First Quantum operates copper mines and also produces nickel, gold and zinc, leaving operating performance and project-specific political risk closely connected.

What changed in Panama?

On September 30, 2026, a ministerial commission in Panama issued 17 recommendations concerning Cobre Panamá, including formal negotiations tied to the end of international arbitration proceedings, according to The Maple Markets. The recommendation created a defined negotiating framework, but it did not establish a settlement amount or a full mine reopening.

Three dates frame the story

On July 28, 2026, First Quantum reported second-quarter revenue of USD 1.52 billion. On September 30, 2026, the Panama commission issued 17 recommendations on Cobre Panamá. On October 8, 2026, Zacks Research moved its rating from Hold to Strong Sell, as reported by MarketBeat.

Next results date is October 28

First Quantum listed October 28, 2026 as the date for its third-quarter 2026 results in its investor news calendar. That release is the next scheduled company update on production, earnings and the Panama situation.

After-hours price stays below prior close

First Quantum Minerals was at EUR 23.78 in after-hours trading at Lang & Schwarz on October 8, 2026, down 0.96 percent from the EUR 24.01 prior close on October 7, 2026. The reference listing is the Toronto Stock Exchange, where the ticker is FM and the quotation currency is CAD.

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