Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI - Equities research analysts at National Bank Financial dropped their FY2025 earnings estimates for shares of Fortuna Mining in a report issued on Sunday, August 10th. National Bank Financial analyst M. Sidibe now forecasts that the basic materials company will post earnings of $0.74 per share for the year, down from their previous estimate of $0.88. 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 $0.82 EPS.
Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.14 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 during the quarter, compared to analyst estimates of $220.00 million.
Several other research analysts have also commented on FSM. Wall Street Zen lowered shares of Fortuna Mining from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. CIBC boosted their target price on shares of Fortuna Mining from $7.00 to $8.00 and gave the company an "underperformer" rating in a research note on Tuesday, July 15th. National Bankshares reissued a "sector perform" rating on shares of Fortuna Mining in a research note on Tuesday, June 24th. Scotiabank boosted their target price on shares of Fortuna Mining from $7.50 to $8.00 and gave the company a "sector perform" rating in a research note on Wednesday, August 6th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Fortuna Mining in a research note on Friday, August 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, Fortuna Mining currently has an average rating of "Hold" and an average price target of $8.00.
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Fortuna Mining Stock Performance
Shares of NYSE FSM traded down $0.10 during midday trading on Wednesday, hitting $7.20. The company's stock had a trading volume of 10,869,582 shares, compared to its average volume of 14,887,062. Fortuna Mining has a 1-year low of $4.13 and a 1-year high of $7.55. The firm's fifty day moving average price is $6.72 and its 200-day moving average price is $6.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.15 and a current ratio of 2.71. The firm has a market cap of $2.21 billion, a P/E ratio of 14.40 and a beta of 0.85.
Institutional Trading of Fortuna Mining
A number of hedge funds and other institutional investors have recently made changes to their positions in FSM. Optiver Holding B.V. bought a new stake in shares of Fortuna Mining during the 4th quarter worth about $26,000. Geneos Wealth Management Inc. raised 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 in the last quarter. EverSource Wealth Advisors LLC raised 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 in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Fortuna Mining during the 2nd quarter worth about $42,000. Finally, Bank of Nova Scotia bought a new stake in shares of Fortuna Mining during the 4th quarter worth about $46,000. 33.80% of the stock is currently owned by institutional investors.
About Fortuna Mining
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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.
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