Fortuna Mining Stock Gets Lower EPS Forecast from Scotiabank

Key Points

• Scotiabank lowered Fortuna Mining’s FY2026 EPS forecast to $1.06 from $1.21, matching the current analyst consensus, while maintaining an “Outperform” rating.
• Analyst sentiment remains generally positive: four analysts rate the stock Buy and one rates it Hold, resulting in a “Moderate Buy” consensus and a $14.00 average price target.
• Fortuna shares opened at $9.16, with a $2.71 billion market capitalization and a price-to-earnings ratio of 7.76. The company’s latest quarterly results missed estimates, reporting $0.24 EPS versus the $0.29 consensus.

Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI - Research analysts at Scotiabank cut their FY2026 earnings per share estimates for Fortuna Mining in a research note issued on Thursday, October 22nd. Scotiabank analyst E. Winmill now anticipates that the basic materials company will post earnings per share of $1.06 for the year, down from their previous estimate of $1.21. Scotiabank has an "Outperform" rating on the stock. The consensus estimate for Fortuna Mining's current full-year earnings is $1.06 per share.

FSM has been the subject of several other research reports. Zacks Research upgraded shares of Fortuna Mining from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Weiss Ratings raised shares of Fortuna Mining from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Finally, Wall Street Zen lowered shares of Fortuna Mining from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 12th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, Fortuna Mining currently has a consensus rating of "Moderate Buy" and a consensus target price of $14.00.

Fortuna Mining Trading Down 0.2%

Shares of NYSE:FSM opened at $9.16 on Monday. The business's 50 day moving average price is $11.42 and its 200-day moving average price is $10.11. Fortuna Mining has a 1 year low of $7.70 and a 1 year high of $13.85. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of 7.76 and a beta of 1.05. 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 posted its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.24 EPS for the quarter, missing analysts' consensus estimates of $0.29 by ($0.05). The business had revenue of $318.41 million during the quarter, compared to analysts' expectations of $325.00 million. Fortuna Mining had a net margin of 31.99% and a return on equity of 17.48%.

Institutional Investors Weigh In On Fortuna Mining

A number of large investors have recently modified their holdings of FSM. DGS Capital Management LLC boosted its stake in Fortuna Mining by 15.8% during the first quarter. DGS Capital Management LLC now owns 12,103 shares of the basic materials company's stock worth $120,000 after buying an additional 1,649 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of Fortuna Mining by 15.1% during the second quarter. Integrated Wealth Concepts LLC now owns 12,729 shares of the basic materials company's stock valued at $108,000 after acquiring an additional 1,672 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Fortuna Mining by 52.8% during the first quarter. EverSource Wealth Advisors LLC now owns 8,195 shares of the basic materials company's stock valued at $81,000 after acquiring an additional 2,832 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in shares of Fortuna Mining by 0.5% during the first quarter. Public Employees Retirement System of Ohio now owns 815,879 shares of the basic materials company's stock valued at $8,083,000 after acquiring an additional 3,839 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its stake in shares of Fortuna Mining by 1,001.3% in the 1st quarter. Banque Cantonale Vaudoise now owns 6,553 shares of the basic materials company's stock valued at $65,000 after acquiring an additional 5,958 shares during the period. Hedge funds and other institutional investors own 33.80% of the company's stock.

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.

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