Fortuna Mining Corp. (NYSE:FSM – Free Report) (TSE:FVI) – Equities researchers at Scotiabank reduced their FY2026 earnings estimates for shares of Fortuna Mining in a research report issued on Thursday, October 22nd. Scotiabank analyst E. Winmill now forecasts that the basic materials company will earn $1.06 per share for the year, down from their prior estimate of $1.21. Scotiabank currently has an “Outperform” rating on the stock. The consensus estimate for Fortuna Mining’s current full-year earnings is $1.06 per share.
Fortuna Mining (NYSE:FSM – Get Free Report) (TSE:FVI) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.05). The firm had revenue of $318.41 million for the quarter, compared to analyst estimates of $325.00 million. Fortuna Mining had a return on equity of 17.48% and a net margin of 31.99%.
Other equities research analysts also recently issued research reports about the company. Zacks Research raised Fortuna Mining from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Wall Street Zen cut Fortuna Mining from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. Finally, Weiss Ratings raised Fortuna Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Fortuna Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.
Fortuna Mining Stock Up 1.5%
Shares of FSM opened at $9.31 on Monday. The firm has a 50 day simple moving average of $11.36 and a two-hundred day simple moving average of $10.34. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.00 and a quick ratio of 2.50. Fortuna Mining has a one year low of $7.70 and a one year high of $13.85. The company has a market cap of $2.76 billion, a P/E ratio of 7.89 and a beta of 1.05.
Institutional Investors Weigh In On Fortuna Mining
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cardinal Point Capital Management ULC acquired a new position in Fortuna Mining during the 3rd quarter worth approximately $217,000. TD Waterhouse Canada Inc. bought a new position in Fortuna Mining in the 3rd quarter valued at approximately $824,000. Vanguard Capital Wealth Advisors bought a new position in Fortuna Mining in the 3rd quarter valued at approximately $114,000. Global Strategic Management Inc. boosted its position in Fortuna Mining by 4.6% in the third quarter. Global Strategic Management Inc. now owns 1,046,319 shares of the basic materials company’s stock valued at $11,750,000 after buying an additional 45,900 shares in the last quarter. Finally, Bullock Wealth Management Group acquired a new stake in Fortuna Mining in the third quarter valued at approximately $69,000. 33.80% of the stock is owned by institutional investors.
About Fortuna Mining
Fortuna Mining Corp. is a precious metals mining company that explores, develops and operates mines producing gold and silver. The company’s portfolio also includes polymetallic production, including lead and zinc concentrates from its Caylloma operation in Peru. Fortuna sells its metal production to international smelters and refiners.
Fortuna’s operating portfolio includes the Lindero gold mine in Salta, Argentina; the Séguéla gold mine in Côte d’Ivoire; the Yaramoko gold mine in Burkina Faso; and the Caylloma silver-polymetallic mine in Peru.
Read More
- Five stocks we like better than Fortuna Mining
- Comfort Systems Earnings: AI Slowdown or More Growth Ahead?
- Bristol Myers Squibb’s Cancer Breakthrough Could Have Implications Beyond Its Own Stock
- 5 Beaten-Down Growth Stocks Trading Like Value Plays as Cash Chases Mega-Caps
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
Receive News & Ratings for Fortuna Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Mining and related companies with MarketBeat.com's FREE daily email newsletter.
