Zacks Research Upgrades Fortuna Mining (NYSE:FSM) to Hold

Posted by Francis Steltz on Jul 15th, 2026

Fortuna Mining (NYSE:FSM – Get Free Report) (TSE:FVI) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report released on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the company. Weiss Ratings lowered Fortuna Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. Wall Street Zen downgraded Fortuna Mining from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.

View Our Latest Report on FSM

Fortuna Mining Stock Performance

Shares of NYSE FSM opened at $8.51 on Monday. The firm has a fifty day moving average price of $9.21 and a 200-day moving average price 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 stock has a market cap of $2.55 billion, a PE ratio of 8.03 and a beta of 0.99. Fortuna Mining has a 1 year low of $6.17 and a 1 year high of $13.85.

Fortuna Mining (NYSE:FSM – Get Free Report) (TSE:FVI) last announced its quarterly earnings data on Wednesday, May 6th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). Fortuna Mining had a net margin of 31.07% and a return on equity of 16.26%. The firm had revenue of $342.47 million for the quarter, compared to the consensus estimate of $340.00 million. Equities analysts anticipate that Fortuna Mining will post 1.43 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fortuna Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership increased its holdings in shares of Fortuna Mining by 80.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 19,530,048 shares of the basic materials company’s stock worth $174,866,000 after purchasing an additional 8,706,611 shares during the last quarter. Vanguard Group Inc. boosted its stake in Fortuna Mining by 1,623.8% during the third quarter. Vanguard Group Inc. now owns 4,562,023 shares of the basic materials company’s stock valued at $40,844,000 after buying an additional 4,297,370 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Fortuna Mining by 38.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,707,054 shares of the basic materials company’s stock valued at $122,747,000 after buying an additional 3,779,920 shares during the last quarter. Invesco Ltd. boosted its stake in Fortuna Mining by 1,130.8% during the third quarter. Invesco Ltd. now owns 3,118,752 shares of the basic materials company’s stock valued at $27,944,000 after buying an additional 2,865,367 shares during the last quarter. Finally, Tidal Investments LLC grew its holdings in Fortuna Mining by 31.4% during the 3rd quarter. Tidal Investments LLC now owns 8,947,480 shares of the basic materials company’s stock valued at $80,169,000 after buying an additional 2,138,143 shares in the last quarter. Institutional investors own 33.80% of the company’s stock.

Fortuna Mining Company Profile

(Get Free Report)

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.