Royal Bank of Canada Acquires 346,716 Shares of Fortuna Mining Corp. $FSM

Posted by Brenda Bartman on Aug 8th, 2026

Royal Bank of Canada grew its holdings in Fortuna Mining Corp. (NYSE:FSM – Free Report) (TSE:FVI) by 33.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,394,600 shares of the basic materials company’s stock after buying an additional 346,716 shares during the quarter. Royal Bank of Canada’s holdings in Fortuna Mining were worth $13,849,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in FSM. Geneos Wealth Management Inc. boosted its position in shares of Fortuna Mining by 100.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 4,000 shares of the basic materials company’s stock valued at $26,000 after acquiring an additional 2,000 shares in the last quarter. Advisory Services Network LLC acquired a new position in Fortuna Mining in the third quarter worth about $27,000. IFP Advisors Inc bought a new position in Fortuna Mining during the fourth quarter worth about $29,000. EverSource Wealth Advisors LLC lifted its stake in Fortuna Mining by 126.8% during the second quarter. EverSource Wealth Advisors LLC now owns 4,813 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 2,691 shares during the period. Finally, Osaic Holdings Inc. boosted its holdings in Fortuna Mining by 96.7% during the second quarter. Osaic Holdings Inc. now owns 6,116 shares of the basic materials company’s stock valued at $40,000 after purchasing an additional 3,006 shares in the last quarter. 33.80% of the stock is owned by institutional investors.

Fortuna Mining Stock Up 8.9%

Shares of NYSE FSM opened at $10.41 on Friday. The firm’s 50-day simple moving average is $8.78 and its 200 day simple moving average is $9.95. The company has a market cap of $3.08 billion, a price-to-earnings ratio of 8.83 and a beta of 1.01. 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 Corp. has a 12-month low of $6.33 and a 12-month high of $13.85.

Fortuna Mining (NYSE:FSM – Get Free Report) (TSE:FVI) last posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). Fortuna Mining had a net margin of 31.99% and a return on equity of 17.66%. The company had revenue of $318.41 million during the quarter, compared to analyst estimates of $325.00 million. On average, research analysts expect that Fortuna Mining Corp. will post 1.32 earnings per share for the current fiscal year.

Analysts Set New Price Targets

FSM has been the topic of several analyst reports. Wall Street Zen lowered Fortuna Mining from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Weiss Ratings downgraded Fortuna Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Zacks Research raised Fortuna Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Scotiabank reiterated an “outperform” rating on shares of Fortuna Mining in a research report on Thursday, July 30th. 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 an average rating of “Moderate Buy” and a consensus price target of $14.00.

Get Our Latest Report on Fortuna Mining

Fortuna Mining Company Profile

(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.