FY2026 EPS Forecast for Fortuna Mining Reduced by Analyst

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Analysts at Scotiabank dropped their FY2026 earnings per share estimates for shares of Fortuna Mining in a research note issued to investors on Thursday, July 23rd. Scotiabank analyst E. Winmill now forecasts that the basic materials company will post earnings per share of $1.32 for the year, down from their prior estimate of $1.36. The consensus estimate for Fortuna Mining’s current full-year earnings is $1.32 per share.

A number of other analysts have also issued reports on FSM. Wall Street Zen lowered shares of Fortuna Mining from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Weiss Ratings cut shares of Fortuna Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. Finally, Zacks Research upgraded Fortuna Mining from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

Fortuna Mining Stock Performance

NYSE:FSM opened at $8.56 on Friday. The firm has a 50 day simple moving average of $8.88 and a 200-day simple moving average of $10.04. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.17 and a quick ratio of 2.74. The firm has a market cap of $2.56 billion, a PE ratio of 8.07 and a beta of 0.99. Fortuna Mining has a 1-year low of $6.17 and a 1-year high of $13.85.

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

Institutional Trading of Fortuna Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc purchased a new position in shares of Fortuna Mining during the 4th quarter worth about $29,000. Advisory Services Network LLC purchased a new stake in Fortuna Mining in the third quarter valued at approximately $27,000. Geneos Wealth Management Inc. grew its holdings in Fortuna Mining by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 4,000 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 2,000 shares during the period. EverSource Wealth Advisors LLC increased its position in Fortuna Mining by 126.8% during the second quarter. EverSource Wealth Advisors LLC now owns 4,813 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 2,691 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in Fortuna Mining by 96.7% during the second quarter. Osaic Holdings Inc. now owns 6,116 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 3,006 shares during the last quarter. Hedge funds and other institutional investors 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.