Brokers Offer Predictions for Fortuna Mining FY2025 Earnings

Key Points

• Analysts at National Bank Financial have raised their FY2025 earnings per share estimate for Fortuna Mining to $0.85, up from a previous estimate of $0.74.
• Fortuna Mining's stock has been rated with a consensus of "Hold", with one analyst giving a Buy rating and four assigning Hold ratings.
• Shares of Fortuna Mining opened at $8.55, marking a growth of 1.5%, with a market cap of $2.62 billion.

Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI - Analysts at National Bank Financial boosted their FY2025 earnings per share estimates for Fortuna Mining in a research report issued on Tuesday, September 23rd. National Bank Financial analyst M. Sidibe now expects that the basic materials company will post earnings of $0.85 per share for the year, up from their previous forecast of $0.74. The consensus estimate for Fortuna Mining's current full-year earnings is $0.51 per share. National Bank Financial also issued estimates for Fortuna Mining's FY2026 earnings at $1.08 EPS.

FSM has been the topic of a number of other reports. Zacks Research downgraded shares of Fortuna Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Wall Street Zen cut Fortuna Mining from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. CIBC boosted their target price on Fortuna Mining from $7.00 to $8.00 and gave the stock an "underperformer" rating in a research report on Tuesday, July 15th. Scotiabank raised their price target on Fortuna Mining from $7.50 to $8.00 and gave the company a "sector perform" rating in a report on Wednesday, August 6th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Fortuna Mining in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $8.00.

Fortuna Mining Trading Up 1.5%

Shares of FSM opened at $8.55 on Friday. The firm has a market cap of $2.62 billion, a P/E ratio of 17.09 and a beta of 0.85. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.71 and a quick ratio of 2.15. Fortuna Mining has a 1 year low of $4.13 and a 1 year high of $8.83. The company has a 50 day simple moving average of $7.39 and a two-hundred day simple moving average of $6.60.

Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.08). Fortuna Mining had a net margin of 14.36% and a return on equity of 12.74%. The business had revenue of $230.42 million for the quarter, compared to the consensus estimate of $220.00 million.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its stake in shares of Fortuna Mining by 100.0% in the second 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 during the period. EverSource Wealth Advisors LLC grew its holdings in 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 valued at $31,000 after purchasing an additional 2,691 shares during the last quarter. Osaic Holdings Inc. raised its position in Fortuna Mining by 96.7% in the 2nd quarter. Osaic Holdings Inc. now owns 6,116 shares of the basic materials company's stock worth $40,000 after purchasing an additional 3,006 shares during the period. Farther Finance Advisors LLC purchased a new stake in Fortuna Mining in the 2nd quarter worth about $42,000. Finally, Virtus Advisers LLC bought a new stake in Fortuna Mining in the first quarter worth about $58,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.