Fortuna Mining FY2027 EPS Boosted by National Bank Financial

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 - National Bank Financial increased their FY2027 earnings per share estimates for shares of Fortuna Mining in a research report issued on Sunday, August 10th. National Bank Financial analyst M. Sidibe now forecasts that the basic materials company will post earnings per share of $0.51 for the year, up from their previous estimate of $0.45. 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 posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.08). Fortuna Mining had a return on equity of 12.74% and a net margin of 14.36%. The company had revenue of $230.42 million during the quarter, compared to the consensus estimate of $220.00 million.

Other equities analysts also recently issued reports about the stock. CIBC increased their price target on shares of Fortuna Mining from $7.00 to $8.00 and gave the stock an "underperformer" rating in a research note on Tuesday, July 15th. Scotiabank upped their price objective on shares of Fortuna Mining from $7.50 to $8.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 6th. National Bankshares restated a "sector perform" rating on shares of Fortuna Mining in a report on Tuesday, June 24th. Wall Street Zen cut shares of Fortuna Mining from a "strong-buy" rating to a "hold" rating in a report on Saturday. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Fortuna Mining in a report on Friday. One 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 MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $8.00.

Fortuna Mining Stock Up 2.0%

FSM opened at $6.73 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.71 and a quick ratio of 2.15. The firm has a market capitalization of $2.06 billion, a P/E ratio of 13.45 and a beta of 0.85. The company has a fifty day moving average price of $6.70 and a 200-day moving average price of $5.95. Fortuna Mining has a one year low of $4.13 and a one year high of $7.55.

Hedge Funds Weigh In On Fortuna Mining

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in shares of Fortuna Mining by 10.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,402,119 shares of the basic materials company's stock worth $36,043,000 after purchasing an additional 796,364 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Fortuna Mining by 11.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,372,171 shares of the basic materials company's stock worth $50,899,000 after purchasing an additional 859,398 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Fortuna Mining by 19.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,368,272 shares of the basic materials company's stock worth $51,046,000 after purchasing an additional 1,368,600 shares during the period. D. E. Shaw & Co. Inc. lifted its position in shares of Fortuna Mining by 17.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 8,340,195 shares of the basic materials company's stock worth $35,779,000 after purchasing an additional 1,219,864 shares during the period. Finally, Tidal Investments LLC lifted its position in shares of Fortuna Mining by 40.3% in the 4th quarter. Tidal Investments LLC now owns 7,542,803 shares of the basic materials company's stock worth $32,359,000 after purchasing an additional 2,165,430 shares during the period. 33.80% of the stock is owned by hedge funds and other institutional investors.

Fortuna Mining Company Profile

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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