FY2025 EPS Estimates for Fortuna Mining Lowered by Analyst

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Equities researchers at Scotiabank reduced their FY2025 EPS estimates for Fortuna Mining in a research report issued on Friday, January 23rd. Scotiabank analyst E. Winmill now expects that the basic materials company will post earnings of $0.74 per share for the year, down from their prior forecast of $0.76. Scotiabank currently has a “Outperform” rating and a $11.00 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 released its earnings results on Wednesday, November 5th. The basic materials company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.08). The business had revenue of $246.75 million for the quarter, compared to analyst estimates of $242.19 million. Fortuna Mining had a return on equity of 12.42% and a net margin of 21.48%.

FSM has been the topic of several other research reports. National Bankshares raised Fortuna Mining from a “sector perform” rating to an “outperform” rating in a research note on Monday, November 24th. Wall Street Zen upgraded Fortuna Mining from a “hold” rating to a “buy” rating in a research report on Tuesday, December 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Fortuna Mining in a research report on Friday, January 16th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Fortuna Mining in a research note on Monday, December 29th. Four analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $9.50.

Fortuna Mining Stock Up 2.2%

NYSE:FSM opened at $11.66 on Monday. The company has a quick ratio of 2.73, a current ratio of 3.30 and a debt-to-equity ratio of 0.11. Fortuna Mining has a 12-month low of $4.13 and a 12-month high of $11.77. The stock’s fifty day simple moving average is $9.82 and its 200-day simple moving average is $8.51. The firm has a market capitalization of $3.57 billion, a P/E ratio of 16.19 and a beta of 0.89.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ritholtz Wealth Management increased its position in shares of Fortuna Mining by 104.2% during the fourth quarter. Ritholtz Wealth Management now owns 175,396 shares of the basic materials company’s stock worth $1,721,000 after acquiring an additional 89,495 shares in the last quarter. Greenberg Financial Group bought a new stake in Fortuna Mining in the 4th quarter valued at $98,000. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. boosted its stake in Fortuna Mining by 14.1% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 145,600 shares of the basic materials company’s stock worth $1,449,000 after purchasing an additional 18,000 shares during the period. Euro Pacific Asset Management LLC boosted its stake in Fortuna Mining by 0.9% in the 4th quarter. Euro Pacific Asset Management LLC now owns 4,464,769 shares of the basic materials company’s stock worth $43,231,000 after purchasing an additional 39,125 shares during the period. Finally, Sicart Associates LLC increased its holdings in Fortuna Mining by 2.0% during the 4th quarter. Sicart Associates LLC now owns 648,736 shares of the basic materials company’s stock worth $6,364,000 after purchasing an additional 12,500 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.