FY2027 EPS Estimates for Fortuna Mining Lowered by Analyst

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Stock analysts at Scotiabank dropped their FY2027 earnings per share (EPS) estimates for shares of Fortuna Mining in a research note issued on Thursday, May 14th. Scotiabank analyst E. Winmill now expects that the basic materials company will post earnings per share of $1.39 for the year, down from their previous forecast of $1.70. Scotiabank currently has a “Outperform” rating and a $14.00 price objective on the stock. The consensus estimate for Fortuna Mining’s current full-year earnings is $1.43 per share.

Other analysts also recently issued research reports about the company. Zacks Research downgraded Fortuna Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Wall Street Zen raised Fortuna Mining from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings raised Fortuna Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $11.00.

Fortuna Mining Stock Performance

FSM opened at $9.56 on Monday. The business’s 50-day moving average price is $10.23 and its two-hundred day moving average price is $10.14. Fortuna Mining has a 1 year low of $5.23 and a 1 year high of $13.85. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of 9.02 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.17 and a quick ratio of 2.74.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). Fortuna Mining had a net margin of 31.07% and a return on equity of 16.26%. The firm had revenue of $342.47 million during the quarter, compared to analyst estimates of $340.00 million.

Institutional Trading of Fortuna Mining

A number of hedge funds and other institutional investors have recently modified their holdings of FSM. Van ECK Associates Corp boosted 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 buying an additional 8,878,857 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Fortuna Mining by 80.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 19,530,048 shares of the basic materials company’s stock valued at $174,866,000 after buying an additional 8,706,611 shares during the last quarter. Vanguard Group Inc. increased its holdings in Fortuna Mining by 1,623.8% during the third quarter. Vanguard Group Inc. now owns 4,562,023 shares of the basic materials company’s stock worth $40,844,000 after buying an additional 4,297,370 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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. Finally, Invesco Ltd. increased its holdings in Fortuna Mining by 1,130.8% during the third quarter. Invesco Ltd. now owns 3,118,752 shares of the basic materials company’s stock worth $27,944,000 after buying an additional 2,865,367 shares during the last quarter. Institutional investors and hedge funds 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.