Fortuna Mining FY2026 EPS Estimate Reduced by Scotiabank

Key Points

• Scotiabank cut its FY2026 EPS estimate for Fortuna Mining to $1.78 from $1.85 and kept an Outperform rating with a $14 price objective.
• Fortuna reported quarterly EPS of $0.22 on Feb. 18, missing estimates by $0.01, while generating $270.2 million in revenue and a 27.59% net margin.
• Analysts have an average rating of Buy with an average target of $11.00, and shares trade around $10.45 (market cap ~$3.19B; PE ~11.6).

Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI - Research analysts at Scotiabank decreased their FY2026 earnings per share (EPS) estimates for Fortuna Mining in a report issued on Friday, April 10th. Scotiabank analyst E. Winmill now forecasts that the basic materials company will post earnings of $1.78 per share for the year, down from their prior estimate of $1.85. Scotiabank has a "Outperform" rating and a $14.00 price objective on the stock. The consensus estimate for Fortuna Mining's current full-year earnings is $0.51 per share.

Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last announced its quarterly earnings results on Wednesday, February 18th. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.01). Fortuna Mining had a net margin of 27.59% and a return on equity of 14.02%. The company had revenue of $270.20 million during the quarter.

A number of other research analysts also recently issued reports on the company. Wall Street Zen raised Fortuna Mining from a "hold" rating to a "buy" rating in a report on Saturday, March 14th. Zacks Research raised Fortuna Mining from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, February 3rd. BMO Capital Markets reaffirmed an "outperform" rating on shares of Fortuna Mining in a research note on Friday, January 16th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Fortuna Mining in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. Based on data from MarketBeat.com, Fortuna Mining presently has an average rating of "Buy" and an average target price of $11.00.

Fortuna Mining Trading Down 0.3%

Shares of NYSE:FSM opened at $10.45 on Tuesday. Fortuna Mining has a 12-month low of $5.23 and a 12-month high of $13.85. The company has a market capitalization of $3.19 billion, a PE ratio of 11.61 and a beta of 1.01. The business has a 50 day moving average of $10.86 and a two-hundred day moving average of $9.92. The company has a current ratio of 2.98, a quick ratio of 2.50 and a debt-to-equity ratio of 0.11.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in FSM. Geneos Wealth Management Inc. raised its stake 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 during the period. Advisory Services Network LLC acquired a new position in shares of Fortuna Mining during the 3rd quarter worth approximately $27,000. IFP Advisors Inc acquired a new position in shares of Fortuna Mining during the 4th quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its stake 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 during the period. Finally, Osaic Holdings Inc. raised its stake in shares of Fortuna Mining by 96.7% during the 2nd quarter. Osaic Holdings Inc. now owns 6,116 shares of the basic materials company's stock worth $40,000 after buying an additional 3,006 shares during the period. 33.80% of the stock is owned by institutional investors and hedge funds.

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. The company was formerly known as Fortuna Silver Mines Inc and changed its name to Fortuna Mining Corp.

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