FY2025 EPS Estimates for Fortuna Mining Reduced by Analyst

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Equities researchers at Scotiabank cut their FY2025 earnings per share estimates for shares of Fortuna Mining in a research note issued to investors on Friday, January 23rd. Scotiabank analyst E. Winmill now expects that the basic materials company will post earnings of $0.74 per share for the year, down from their previous estimate of $0.76. Scotiabank has a “Outperform” rating and a $11.00 price objective on the stock. The consensus estimate for Fortuna Mining’s current full-year earnings is $0.51 per share.

Other equities research analysts have also issued reports about the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Fortuna Mining in a research note on Monday, December 29th. Wall Street Zen upgraded Fortuna Mining from a “hold” rating to a “buy” rating in a report on Tuesday, December 23rd. National Bankshares raised Fortuna Mining from a “sector perform” rating to an “outperform” rating in a research report on Monday, November 24th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Fortuna Mining in a report on Friday, January 16th. Four research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Fortuna Mining currently has an average rating of “Hold” and an average target price of $9.50.

Fortuna Mining Stock Performance

Shares of FSM stock opened at $11.66 on Monday. Fortuna Mining has a 12 month low of $4.13 and a 12 month high of $11.77. The company’s fifty day simple moving average is $9.82 and its 200-day simple moving average is $8.51. The firm has a market cap of $3.57 billion, a PE ratio of 16.19 and a beta of 0.89. The company has a quick ratio of 2.73, a current ratio of 3.30 and a debt-to-equity ratio of 0.11.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The firm had revenue of $246.75 million for the quarter, compared to analyst estimates of $242.19 million. Fortuna Mining had a return on equity of 12.42% and a net margin of 21.48%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp raised its holdings in shares of Fortuna Mining by 43.5% in the 3rd quarter. Van ECK Associates Corp now owns 29,280,727 shares of the basic materials company’s stock valued at $262,354,000 after purchasing an additional 8,878,857 shares during the period. Arrowstreet Capital Limited Partnership increased its position in Fortuna Mining by 80.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 19,530,048 shares of the basic materials company’s stock worth $174,866,000 after buying an additional 8,706,611 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Fortuna Mining by 38.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,707,054 shares of the basic materials company’s stock worth $122,747,000 after buying an additional 3,779,920 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Fortuna Mining by 17.0% in the third quarter. Dimensional Fund Advisors LP now owns 9,307,942 shares of the basic materials company’s stock valued at $83,389,000 after buying an additional 1,351,971 shares during the period. Finally, Tidal Investments LLC raised its stake in Fortuna Mining by 31.4% in the third quarter. Tidal Investments LLC now owns 8,947,480 shares of the basic materials company’s stock valued at $80,169,000 after buying an additional 2,138,143 shares during the period. Institutional investors own 33.80% of the company’s stock.

About Fortuna Mining

Fortuna Mining Corp. engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d’Ivoire. The company was formerly known as Fortuna Silver Mines Inc and changed its name to Fortuna Mining Corp.