Scotiabank Decreases Earnings Estimates for Fortuna Mining

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Analysts at Scotiabank dropped their FY2026 earnings per share (EPS) estimates for shares of Fortuna Mining in a research note issued to investors on Friday, April 10th. Scotiabank analyst E. Winmill now expects that the basic materials company will post earnings per share of $1.78 for the year, down from their prior forecast of $1.85. 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 (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.01). The business had revenue of $270.20 million for the quarter. Fortuna Mining had a return on equity of 14.02% and a net margin of 27.59%.

Other analysts have also recently issued research reports about the stock. BMO Capital Markets reissued an “outperform” rating on shares of Fortuna Mining in a research report on Friday, January 16th. Wall Street Zen raised shares of Fortuna Mining from a “hold” rating to a “buy” rating in a research report on Saturday, March 14th. Weiss Ratings reissued a “buy (b)” rating on shares of Fortuna Mining in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Fortuna Mining from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 3rd. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $11.00.

Fortuna Mining Stock Up 3.1%

Shares of FSM opened at $10.76 on Tuesday. The stock has a market capitalization of $3.28 billion, a PE ratio of 11.96 and a beta of 1.01. Fortuna Mining has a 1 year low of $5.23 and a 1 year high of $13.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.50 and a current ratio of 2.98. The company’s 50-day simple moving average is $10.87 and its 200-day simple moving average is $9.93.

Institutional Trading of Fortuna Mining

Hedge funds have recently added to or reduced their stakes in the company. Campbell & CO Investment Adviser LLC raised its holdings in Fortuna Mining by 481.2% in the third quarter. Campbell & CO Investment Adviser LLC now owns 191,330 shares of the basic materials company’s stock valued at $1,714,000 after acquiring an additional 158,412 shares in the last quarter. American Century Companies Inc. raised its holdings in Fortuna Mining by 26.2% in the third quarter. American Century Companies Inc. now owns 8,032,284 shares of the basic materials company’s stock valued at $71,924,000 after acquiring an additional 1,669,226 shares in the last quarter. Jupiter Asset Management Ltd. acquired a new stake in Fortuna Mining in the third quarter valued at approximately $550,000. Sheets Smith Investment Management acquired a new stake in Fortuna Mining in the third quarter valued at approximately $1,488,000. Finally, Quantbot Technologies LP raised its holdings in Fortuna Mining by 190.4% in the third quarter. Quantbot Technologies LP now owns 465,375 shares of the basic materials company’s stock valued at $4,170,000 after acquiring an additional 305,115 shares in the last quarter. 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.