FY2026 EPS Forecast for Fortuna Mining Decreased by Analyst

Key Points

• Scotiabank cut Fortuna Mining’s FY2026 EPS forecast to $1.21 from $1.24, below the $1.24 consensus estimate, while maintaining an “Outperform” rating. Its FY2027 EPS forecast is $1.48.
• Fortuna’s latest quarterly results missed expectations, with EPS of $0.24 versus the $0.29 consensus and revenue of $318.41 million versus $325 million expected.
• Despite the earnings miss, analysts maintain a “Moderate Buy” consensus with a $14 price target; the stock opened at $10.17, and institutional investors own 33.8% of shares.

Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI - Scotiabank lowered their FY2026 earnings per share estimates for shares of Fortuna Mining in a research report issued on Tuesday, October 13th. Scotiabank analyst E. Winmill now forecasts that the basic materials company will earn $1.21 per share for the year, down from their prior estimate of $1.24. Scotiabank currently has an "Outperform" rating on the stock. The consensus estimate for Fortuna Mining's current full-year earnings is $1.24 per share. Scotiabank also issued estimates for Fortuna Mining's FY2027 earnings at $1.48 EPS.

Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last announced its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.29 by ($0.05). Fortuna Mining had a net margin of 31.99% and a return on equity of 17.48%. The company had revenue of $318.41 million during the quarter, compared to the consensus estimate of $325.00 million.

Several other research firms have also recently weighed in on FSM. Zacks Research upgraded shares of Fortuna Mining from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Wall Street Zen downgraded Fortuna Mining from a "strong-buy" rating to a "buy" rating in a research note on Sunday, July 12th. Finally, Weiss Ratings upgraded shares of 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's stock. According to data from MarketBeat, Fortuna Mining has a consensus rating of "Moderate Buy" and a consensus price target of $14.00.

Fortuna Mining Stock Performance

NYSE FSM opened at $10.17 on Thursday. The company has a current ratio of 3.00, a quick ratio of 2.50 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 8.62 and a beta of 1.05. The company has a 50 day moving average of $11.47 and a 200-day moving average of $10.11. Fortuna Mining has a 1-year low of $7.69 and a 1-year high of $13.85.

Institutional Investors Weigh In On Fortuna Mining

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its position in shares of Fortuna Mining by 5.6% in the first 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 last quarter. Euro Pacific Asset Management LLC boosted its stake in Fortuna Mining by 0.5% in the 1st quarter. Euro Pacific Asset Management LLC now owns 4,485,635 shares of the basic materials company's stock valued at $43,925,000 after purchasing an additional 20,866 shares during the period. Bank of America Corp DE boosted its stake in Fortuna Mining by 9.8% in the 1st quarter. Bank of America Corp DE now owns 2,856,308 shares of the basic materials company's stock valued at $28,363,000 after purchasing an additional 255,336 shares during the period. Royal Bank of Canada grew its holdings in Fortuna Mining by 33.1% in the 1st quarter. Royal Bank of Canada now owns 1,394,600 shares of the basic materials company's stock valued at $13,849,000 after buying an additional 346,716 shares in the last quarter. Finally, Groupe la Francaise increased its position in Fortuna Mining by 47.2% during the 1st quarter. Groupe la Francaise now owns 1,023,380 shares of the basic materials company's stock worth $10,141,000 after buying an additional 328,380 shares during the period. Institutional investors and hedge funds own 33.80% of the company's stock.

About Fortuna Mining

Fortuna Mining Corp. is a precious metals mining company formerly known as Fortuna Silver Mines Inc The company explores, develops, and operates mines producing gold and silver, with activities spanning Latin America and West Africa.

Fortuna's operating portfolio includes the Lindero gold mine in Argentina, the Séguéla gold mine in Côte d'Ivoire, the Yaramoko gold mine in Burkina Faso, and the Caylloma silver mine in Peru. The company also conducts mineral exploration and resource development in the regions surrounding its operations.

Founded in 2004, Fortuna initially focused on silver mining in Latin America before expanding into gold production and broadening its geographic presence.

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