Fortuna Mining Corp. (NYSE:FSM – Free Report) (TSE:FVI) – Equities research analysts at Scotiabank lowered their FY2026 earnings per share estimates for Fortuna Mining in a report released on Wednesday, August 19th. Scotiabank analyst E. Winmill now anticipates that the basic materials company will post earnings per share of $1.24 for the year, down from their prior estimate of $1.32. Scotiabank currently has a “Outperform” rating on the stock. The consensus estimate for Fortuna Mining’s current full-year earnings is $1.32 per share.
A number of other equities analysts have also recently commented on the company. Wall Street Zen cut Fortuna Mining from a “strong-buy” rating to a “buy” rating in a report on Sunday, July 12th. Weiss Ratings cut Fortuna Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, June 18th. Finally, Zacks Research raised Fortuna Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.
Fortuna Mining Stock Up 2.7%
NYSE FSM opened at $11.94 on Friday. The business has a fifty day moving average price of $9.12 and a two-hundred day moving average price of $9.93. The stock has a market capitalization of $3.53 billion, a PE ratio of 10.12 and a beta of 1.01. Fortuna Mining has a fifty-two week low of $7.06 and a fifty-two week high of $13.85. 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 (NYSE:FSM – Get Free Report) (TSE:FVI) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). The firm had revenue of $318.41 million during the quarter, compared to the consensus estimate of $325.00 million. Fortuna Mining had a net margin of 31.99% and a return on equity of 17.48%.
Institutional Trading of Fortuna Mining
A number of institutional investors and hedge funds have recently bought and sold shares of FSM. IFP Advisors Inc bought a new stake in shares of Fortuna Mining in the 4th quarter valued at $29,000. Advisory Services Network LLC bought a new position in shares of Fortuna Mining during the 3rd quarter worth approximately $27,000. Geneos Wealth Management Inc. grew 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 worth $26,000 after buying an additional 2,000 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Fortuna Mining by 126.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,813 shares of the basic materials company’s stock worth $31,000 after buying an additional 2,691 shares during the period. Finally, Osaic Holdings Inc. increased its stake in shares of Fortuna Mining by 96.7% in the 2nd quarter. Osaic Holdings Inc. now owns 6,116 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 3,006 shares in the last quarter. 33.80% of the stock is currently owned by institutional investors and hedge funds.
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.
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