FY2026 EPS Estimates for Fortuna Mining Reduced by Analyst

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Scotiabank reduced their FY2026 earnings estimates for Fortuna Mining in a note issued to investors on Thursday, May 14th. Scotiabank analyst E. Winmill now anticipates that the basic materials company will post earnings of $1.43 per share for the year, down from their prior forecast of $1.63. 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 $1.63 per share.

FSM has been the subject of several other reports. Weiss Ratings upgraded Fortuna Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Fortuna Mining in a report on Friday, January 16th. Wall Street Zen raised shares of Fortuna Mining from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Zacks Research cut shares of Fortuna Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Fortuna Mining Price Performance

Fortuna Mining stock opened at $10.32 on Friday. The business has a 50 day simple moving average of $10.29 and a 200 day simple moving average of $10.13. 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 company has a market capitalization of $3.14 billion, a PE ratio of 9.74 and a beta of 0.94. Fortuna Mining has a one year low of $5.23 and a one year high of $13.85.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp raised its stake in shares of Fortuna Mining by 43.5% in the third quarter. Van ECK Associates Corp now owns 29,280,727 shares of the basic materials company’s stock worth $262,354,000 after acquiring an additional 8,878,857 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Fortuna Mining by 3.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 20,216,810 shares of the basic materials company’s stock worth $198,176,000 after purchasing an additional 686,762 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in 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 worth $122,747,000 after buying an additional 3,779,920 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Fortuna Mining by 5.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,634,157 shares of the basic materials company’s stock valued at $105,576,000 after buying an additional 567,558 shares during the last quarter. Finally, Tidal Investments LLC increased its position in Fortuna Mining by 31.4% in the third quarter. Tidal Investments LLC now owns 8,947,480 shares of the basic materials company’s stock worth $80,169,000 after purchasing an additional 2,138,143 shares during the period. 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.