Fortuna Mining FY2026 EPS Forecast Boosted by Scotiabank

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Equities researchers at Scotiabank upped their FY2026 EPS estimates for Fortuna Mining in a report issued on Thursday, February 26th. Scotiabank analyst E. Winmill now anticipates that the basic materials company will post earnings per share of $1.85 for the year, up from their prior estimate of $1.66. Scotiabank has a “Outperform” rating and a $14.00 price target on the stock. The consensus estimate for Fortuna Mining’s current full-year earnings is $0.51 per share.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.01). Fortuna Mining had a net margin of 27.59% and a return on equity of 14.02%. The business had revenue of $270.20 million during the quarter.

Several other equities analysts also recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating on shares of Fortuna Mining in a research report on Friday, January 16th. Wall Street Zen lowered shares of Fortuna Mining from a “buy” rating to a “hold” rating in a report on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of Fortuna Mining in a research report on Monday, December 29th. Zacks Research raised shares of Fortuna Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. Finally, National Bank Financial raised shares of Fortuna Mining from a “sector perform” rating to an “outperform” rating in a research note on Monday, November 24th. One equities research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company. According to data from MarketBeat.com, Fortuna Mining currently has a consensus rating of “Buy” and an average target price of $11.00.

Fortuna Mining Price Performance

Shares of NYSE:FSM opened at $13.69 on Monday. The company has a market cap of $4.18 billion, a P/E ratio of 15.22 and a beta of 0.82. The company has a quick ratio of 2.50, a current ratio of 2.98 and a debt-to-equity ratio of 0.11. Fortuna Mining has a 52 week low of $4.13 and a 52 week high of $13.84. The business has a fifty day simple moving average of $10.84 and a 200-day simple moving average of $9.33.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of FSM. Van ECK Associates Corp lifted its position in Fortuna Mining by 43.5% during the third 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 in the last quarter. Arrowstreet Capital Limited Partnership raised its stake 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 acquiring an additional 8,706,611 shares during the period. Vanguard Group Inc. lifted its holdings in shares of 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 valued at $40,844,000 after acquiring an additional 4,297,370 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of 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 valued at $122,747,000 after acquiring an additional 3,779,920 shares in the last quarter. Finally, Invesco Ltd. boosted its position 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 worth $27,944,000 after purchasing an additional 2,865,367 shares during the period. Hedge funds and other 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.