FY2026 EPS Estimate for Fortuna Mining Reduced by Analyst

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Stock analysts at Scotiabank cut their FY2026 earnings per share estimates for Fortuna Mining in a report released on Thursday, July 23rd. Scotiabank analyst E. Winmill now forecasts that the basic materials company will post earnings of $1.32 per share for the year, down from their prior estimate of $1.36. The consensus estimate for Fortuna Mining’s current full-year earnings is $1.32 per share.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm had revenue of $342.47 million for the quarter, compared to analysts’ expectations of $340.00 million. Fortuna Mining had a net margin of 31.07% and a return on equity of 16.26%.

FSM has been the subject of a number of other research reports. Zacks Research upgraded shares of Fortuna Mining from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Wall Street Zen lowered shares of Fortuna Mining from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Weiss Ratings cut shares of Fortuna Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Fortuna Mining presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Fortuna Mining Stock Up 1.6%

Shares of NYSE:FSM opened at $8.56 on Friday. The firm has a market capitalization of $2.56 billion, a PE ratio of 8.07 and a beta of 0.99. Fortuna Mining has a 1 year low of $6.17 and a 1 year high of $13.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.17 and a quick ratio of 2.74. The firm’s 50-day moving average is $8.88 and its two-hundred day moving average is $10.04.

Hedge Funds Weigh In On Fortuna Mining

Several large investors have recently bought and sold shares of the business. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. lifted its holdings in Fortuna Mining by 20.3% during the 2nd quarter. Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. now owns 151,500 shares of the basic materials company’s stock worth $1,280,000 after buying an additional 25,600 shares during the last quarter. Groupe la Francaise boosted its holdings in shares of Fortuna Mining by 47.2% in the 1st quarter. Groupe la Francaise now owns 1,023,380 shares of the basic materials company’s stock valued at $10,141,000 after buying an additional 328,380 shares in the last quarter. Bank of America Corp DE lifted its position in Fortuna Mining by 9.8% in the first quarter. Bank of America Corp DE now owns 2,856,308 shares of the basic materials company’s stock valued at $28,363,000 after acquiring an additional 255,336 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in Fortuna Mining by 52.8% in the first quarter. EverSource Wealth Advisors LLC now owns 8,195 shares of the basic materials company’s stock valued at $81,000 after acquiring an additional 2,832 shares during the last quarter. Finally, Royal Bank of Canada boosted its stake in Fortuna Mining by 33.1% in the first quarter. Royal Bank of Canada now owns 1,394,600 shares of the basic materials company’s stock valued at $13,849,000 after acquiring an additional 346,716 shares in the last quarter. 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.