FY2026 EPS Estimate for Fortuna Mining Reduced by Analyst

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Stock analysts at Scotiabank dropped their FY2026 earnings estimates for shares of Fortuna Mining in a note issued to investors on Wednesday, July 15th. Scotiabank analyst E. Winmill now anticipates that the basic materials company will post earnings of $1.36 per share for the year, down from their prior forecast of $1.43. The consensus estimate for Fortuna Mining’s current full-year earnings is $1.36 per share.

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

FSM has been the topic of a number of other reports. Weiss Ratings cut Fortuna Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Wall Street Zen lowered Fortuna Mining from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Zacks Research raised Fortuna Mining from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $14.00.

Fortuna Mining Price Performance

Shares of NYSE:FSM opened at $8.15 on Friday. Fortuna Mining has a one year low of $6.17 and a one year high of $13.85. The stock has a fifty day moving average of $9.09 and a 200-day moving average of $10.09. The company has a market capitalization of $2.44 billion, a PE ratio of 7.69 and a beta of 0.99. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.74 and a current ratio of 3.17.

Institutional Investors Weigh In On Fortuna Mining

Large investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership boosted its position in shares of Fortuna Mining by 80.4% in 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 period. Vanguard Group Inc. boosted its position in Fortuna Mining by 1,623.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,562,023 shares of the basic materials company’s stock worth $40,844,000 after acquiring an additional 4,297,370 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Fortuna Mining by 38.1% during the 3rd 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 acquiring an additional 3,779,920 shares during the period. Invesco Ltd. grew its stake in Fortuna Mining by 1,130.8% during the 3rd quarter. Invesco Ltd. now owns 3,118,752 shares of the basic materials company’s stock valued at $27,944,000 after acquiring an additional 2,865,367 shares in the last quarter. Finally, Tidal Investments LLC increased its holdings in shares of Fortuna Mining by 31.4% in the 3rd quarter. Tidal Investments LLC now owns 8,947,480 shares of the basic materials company’s stock valued at $80,169,000 after purchasing an additional 2,138,143 shares during the period. Institutional investors and hedge funds own 33.80% of the company’s stock.

Fortuna Mining Company Profile

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.