Brokers Issue Forecasts for Fortuna Mining FY2026 Earnings

Key Points

• Scotiabank lowered its FY2026 EPS forecast for Fortuna Mining to $1.24 from $1.32, while maintaining an “Outperform” rating. Analysts’ consensus full-year EPS estimate remains $1.32.
• Fortuna Mining’s latest quarterly results fell short of expectations, with EPS of $0.24 versus the $0.29 consensus and revenue of $318.41 million versus estimates of $325 million.
• Despite mixed analyst revisions, the stock carries a “Moderate Buy” consensus rating and a $14 average price target; institutional investors own 33.8% of the company.

Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI - Scotiabank decreased their FY2026 earnings per share (EPS) estimates for shares of Fortuna Mining in a research report issued to clients and investors on Wednesday, August 19th. Scotiabank analyst E. Winmill now anticipates that the basic materials company will earn $1.24 per share for the year, down from their prior forecast of $1.32. Scotiabank has a "Outperform" rating on the stock. The consensus estimate for Fortuna Mining's current full-year earnings is $1.32 per share.

FSM has been the subject of several other research reports. Weiss Ratings downgraded Fortuna Mining from a "buy (b-)" rating to a "hold (c+)" rating in a report on Thursday, June 18th. Wall Street Zen downgraded shares of Fortuna Mining from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 12th. Finally, Zacks Research raised shares of Fortuna Mining from a "strong sell" rating to a "hold" rating in a report on Monday, July 13th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $14.00.

Fortuna Mining Stock Performance

Shares of NYSE FSM opened at $11.94 on Friday. 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 52 week low of $7.06 and a 52 week high of $13.85. The stock has a 50 day moving average price of $9.12 and a 200 day moving average price of $9.93. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.50 and a current ratio of 3.00.

Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last issued 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 business had revenue of $318.41 million during the quarter, compared to analyst estimates of $325.00 million. Fortuna Mining had a net margin of 31.99% and a return on equity of 17.48%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arrowstreet Capital Limited Partnership lifted its position in Fortuna Mining by 3.5% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 20,216,810 shares of the basic materials company's stock worth $198,176,000 after acquiring 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 purchasing an additional 3,779,920 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake 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 purchasing an additional 567,558 shares during the period. Tidal Investments LLC grew its holdings in Fortuna Mining by 31.4% in 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. Finally, Goldman Sachs Group Inc. increased its position in Fortuna Mining by 19.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 8,368,272 shares of the basic materials company's stock worth $51,046,000 after buying an additional 1,368,600 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.

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