Brokers Set Expectations for Fortuna Mining FY2027 Earnings

Key Points

• National Bank Financial raised its FY2027 earnings per share forecast for Fortuna Mining to $0.51, up from $0.45, aligning with the consensus estimate for the company's current full-year earnings.
• Fortuna Mining reported a quarterly EPS of $0.14, missing the consensus estimate of $0.22, while achieving a revenue of $230.42 million against an estimated $220 million.
• The stock currently has a consensus rating of "Hold" and a price target of $8.00, with various analysts updating their assessments and price targets recently.

Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI - Analysts at National Bank Financial increased their FY2027 earnings per share (EPS) estimates for shares of Fortuna Mining in a research report issued on Sunday, August 10th. National Bank Financial analyst M. Sidibe now anticipates that the basic materials company will post earnings per share of $0.51 for the year, up from their prior estimate of $0.45. The consensus estimate for Fortuna Mining's current full-year earnings is $0.51 per share.

A number of other brokerages have also recently issued reports on FSM. CIBC lifted their price objective on 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 reiterated a "sector perform" rating on shares of Fortuna Mining in a research note on Tuesday, June 24th. Wall Street Zen cut Fortuna Mining from a "strong-buy" rating to a "hold" rating in a research note on Saturday, August 9th. BMO Capital Markets restated an "outperform" rating on shares of Fortuna Mining in a research note on Friday, August 8th. Finally, Scotiabank boosted their price target on Fortuna Mining from $7.50 to $8.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Fortuna Mining presently has an average rating of "Hold" and a consensus target price of $8.00.

Fortuna Mining Stock Up 0.6%

NYSE:FSM traded up $0.04 during trading hours on Tuesday, reaching $7.30. 15,342,879 shares of the company traded hands, compared to its average volume of 11,990,642. The business's 50-day moving average price is $6.72 and its two-hundred day moving average price is $6.00. The stock has a market capitalization of $2.24 billion, a P/E ratio of 14.60 and a beta of 0.85. Fortuna Mining has a 1 year low of $4.13 and a 1 year high of $7.55. The company has a current ratio of 2.71, a quick ratio of 2.15 and a debt-to-equity ratio of 0.13.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. TD Waterhouse Canada Inc. grew its holdings in Fortuna Mining by 24.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 12,440 shares of the basic materials company's stock valued at $53,000 after purchasing an additional 2,440 shares during the period. EverSource Wealth Advisors LLC boosted its stake in shares of Fortuna Mining by 126.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,813 shares of the basic materials company's stock worth $31,000 after acquiring an additional 2,691 shares during the period. Klein Pavlis & Peasley Financial Inc. lifted its position in shares of Fortuna Mining by 2.4% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 122,877 shares of the basic materials company's stock worth $804,000 after buying an additional 2,887 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Fortuna Mining by 0.9% in the first quarter. NewEdge Advisors LLC now owns 383,400 shares of the basic materials company's stock worth $2,339,000 after buying an additional 3,600 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its position in shares of Fortuna Mining by 19.3% in the second quarter. Raymond James Financial Inc. now owns 34,836 shares of the basic materials company's stock worth $228,000 after buying an additional 5,633 shares in the last quarter. Hedge funds and other institutional investors own 33.80% of the company's stock.

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.