FY2026 EPS Estimates for Fortuna Mining Cut by Scotiabank

Key Points

• Scotiabank cut its FY2026 EPS estimate for Fortuna Mining to $1.63 (from $1.78) while maintaining an "Outperform" rating and a $14 price target, and projects FY2027 EPS of $1.74.
• Fortuna recently missed the quarter by $0.01 (reported $0.22 vs. $0.23) on $270.2M in revenue; the stock trades around $10.27 with a P/E of 11.41, an average analyst price target of $11.00, and an overall consensus rating of "Buy."

Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI - Equities research analysts at Scotiabank cut their FY2026 earnings per share estimates for shares of Fortuna Mining in a research report issued to clients and investors on Thursday, April 23rd. Scotiabank analyst E. Winmill now anticipates that the basic materials company will post earnings of $1.63 per share for the year, down from their previous forecast of $1.78. 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 $1.63 per share. Scotiabank also issued estimates for Fortuna Mining's FY2027 earnings at $1.74 EPS.

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

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

Fortuna Mining Stock Performance

NYSE FSM opened at $10.27 on Monday. The company has a market cap of $3.13 billion, a P/E ratio of 11.41 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.98 and a quick ratio of 2.50. The stock has a 50-day moving average of $10.82 and a two-hundred day moving average of $10.01. Fortuna Mining has a 1-year low of $5.23 and a 1-year high of $13.85.

Hedge Funds Weigh In On Fortuna Mining

A number of institutional investors and hedge funds have recently made changes to their positions in FSM. Van ECK Associates Corp grew its position in shares of Fortuna Mining by 43.5% during the third quarter. Van ECK Associates Corp now owns 29,280,727 shares of the basic materials company's stock worth $262,354,000 after buying an additional 8,878,857 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Fortuna Mining by 80.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 19,530,048 shares of the basic materials company's stock worth $174,866,000 after buying an additional 8,706,611 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Fortuna Mining by 1,623.8% during the third quarter. Vanguard Group Inc. now owns 4,562,023 shares of the basic materials company's stock worth $40,844,000 after buying an additional 4,297,370 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Fortuna Mining by 38.1% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,707,054 shares of the basic materials company's stock worth $122,747,000 after buying an additional 3,779,920 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Fortuna Mining by 1,130.8% during the third quarter. Invesco Ltd. now owns 3,118,752 shares of the basic materials company's stock worth $27,944,000 after buying an additional 2,865,367 shares in the last quarter. 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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