Analysts Set Expectations for Fortuna Mining FY2025 Earnings

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Analysts at Scotiabank boosted their FY2025 EPS estimates for Fortuna Mining in a note issued to investors on Tuesday, October 28th. Scotiabank analyst E. Winmill now anticipates that the basic materials company will post earnings per share of $0.81 for the year, up from their previous forecast of $0.70. Scotiabank currently has a “Sector Perform” rating and a $10.50 target price on the stock. The consensus estimate for Fortuna Mining’s current full-year earnings is $0.51 per share. Scotiabank also issued estimates for Fortuna Mining’s FY2026 earnings at $1.16 EPS.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last released its earnings results on Wednesday, August 6th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.08). The firm had revenue of $230.42 million during the quarter, compared to analysts’ expectations of $220.00 million. Fortuna Mining had a return on equity of 12.74% and a net margin of 14.36%.

FSM has been the topic of several other reports. Zacks Research downgraded shares of Fortuna Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 15th. Wall Street Zen cut shares of Fortuna Mining from a “buy” rating to a “hold” rating in a report on Saturday. BMO Capital Markets restated an “outperform” rating on shares of Fortuna Mining in a report on Friday, August 8th. CIBC raised their price target on shares of Fortuna Mining from $7.00 to $8.00 and gave the stock an “underperformer” rating in a report on Tuesday, July 15th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Fortuna Mining in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $9.25.

Fortuna Mining Stock Performance

Fortuna Mining stock opened at $8.26 on Friday. The firm’s 50 day simple moving average is $8.34 and its 200-day simple moving average is $7.12. The company has a market cap of $2.53 billion, a P/E ratio of 16.51 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.71 and a quick ratio of 2.15. Fortuna Mining has a fifty-two week low of $4.13 and a fifty-two week high of $9.81.

Institutional Trading of Fortuna Mining

A number of institutional investors have recently added to or reduced their stakes in FSM. Nuveen LLC acquired a new stake in Fortuna Mining in the first quarter valued at approximately $17,032,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Fortuna Mining by 123.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,859,600 shares of the basic materials company’s stock valued at $29,553,000 after acquiring an additional 2,688,900 shares during the last quarter. Jump Financial LLC acquired a new stake in Fortuna Mining in the first quarter valued at approximately $14,076,000. Acadian Asset Management LLC lifted its stake in Fortuna Mining by 44.8% in the second quarter. Acadian Asset Management LLC now owns 7,021,169 shares of the basic materials company’s stock valued at $45,815,000 after acquiring an additional 2,171,847 shares during the last quarter. Finally, Cubist Systematic Strategies LLC lifted its stake in Fortuna Mining by 424.0% in the first quarter. Cubist Systematic Strategies LLC now owns 2,083,146 shares of the basic materials company’s stock valued at $12,706,000 after acquiring an additional 1,685,634 shares during the last quarter. 33.80% of the stock is currently owned by institutional investors and hedge funds.

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.