Analysts Set Expectations for Fortuna Mining FY2026 Earnings

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Analysts at Scotiabank lowered their FY2026 earnings per share (EPS) 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 earn $1.36 per share for the year, down from their previous estimate 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 announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). Fortuna Mining had a return on equity of 16.26% and a net margin of 31.07%.The business had revenue of $342.47 million for the quarter, compared to analyst estimates of $340.00 million.

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

Fortuna Mining Price Performance

Shares of NYSE FSM opened at $8.15 on Friday. The firm has a 50-day simple moving average of $9.09 and a 200-day simple moving average of $10.09. The stock has a market capitalization of $2.44 billion, a price-to-earnings ratio of 7.69 and a beta of 0.99. The company has a quick ratio of 2.74, a current ratio of 3.17 and a debt-to-equity ratio of 0.10. Fortuna Mining has a 52 week low of $6.17 and a 52 week high of $13.85.

Institutional Trading of Fortuna Mining

A number of hedge funds and other institutional investors have recently modified their holdings of FSM. Royal Bank of Canada raised its holdings in shares of Fortuna Mining by 98.8% during the 1st quarter. Royal Bank of Canada now owns 1,159,522 shares of the basic materials company’s stock worth $7,074,000 after acquiring an additional 576,264 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of Fortuna Mining by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 8,368,272 shares of the basic materials company’s stock valued at $51,046,000 after purchasing an additional 1,368,600 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Fortuna Mining by 189.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 840,496 shares of the basic materials company’s stock valued at $5,127,000 after purchasing an additional 549,665 shares during the period. Geode Capital Management LLC increased its position in Fortuna Mining by 3.9% during the second quarter. Geode Capital Management LLC now owns 170,952 shares of the basic materials company’s stock worth $1,123,000 after purchasing an additional 6,405 shares during the last quarter. Finally, Cetera Investment Advisers acquired a new stake in Fortuna Mining during the second quarter worth about $122,000. 33.80% of the stock is 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. The company was formerly known as Fortuna Silver Mines Inc and changed its name to Fortuna Mining Corp.