FY2026 EPS Estimates for Fortuna Mining Boosted by Analyst

Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI - Equities researchers at National Bank Financial increased their FY2026 EPS estimates for Fortuna Mining in a note issued to investors on Tuesday, July 15th. National Bank Financial analyst M. Sidibe now expects that the basic materials company will post earnings of $0.97 per share for the year, up from their prior forecast of $0.74. 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, May 7th. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). Fortuna Mining had a net margin of 14.28% and a return on equity of 12.94%. The firm had revenue of $290.15 million during the quarter, compared to analyst estimates of $291.00 million.

Several other equities research analysts have also issued reports on FSM. CIBC raised their target price on Fortuna Mining from $7.00 to $8.00 and gave the company an "underperformer" rating in a research report on Tuesday, July 15th. National Bankshares reissued a "sector perform" rating on shares of Fortuna Mining in a report on Tuesday, June 24th. Scotiabank lifted their price target on shares of Fortuna Mining from $6.00 to $7.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Finally, Wall Street Zen raised shares of Fortuna Mining from a "buy" rating to a "strong-buy" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Fortuna Mining currently has an average rating of "Hold" and a consensus target price of $7.50.

Fortuna Mining Price Performance

FSM traded up $0.41 on Friday, hitting $6.70. 8,330,992 shares of the stock were exchanged, compared to its average volume of 11,529,816. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.04 and a quick ratio of 1.56. Fortuna Mining has a 12 month low of $3.86 and a 12 month high of $7.55. The business has a 50-day moving average of $6.39 and a two-hundred day moving average of $5.69. The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 13.04 and a beta of 0.94.

Institutional Investors Weigh In On Fortuna Mining

A number of large investors have recently made changes to their positions in FSM. Raymond James Financial Inc. bought a new position in shares of Fortuna Mining in the 4th quarter valued at about $523,000. Swiss National Bank increased its stake in shares of Fortuna Mining by 2.8% in the 4th quarter. Swiss National Bank now owns 618,830 shares of the basic materials company's stock valued at $2,655,000 after acquiring an additional 16,800 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Fortuna Mining by 10.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 20,456 shares of the basic materials company's stock worth $88,000 after acquiring an additional 2,000 shares in the last quarter. American Century Companies Inc. grew its position in Fortuna Mining by 15.3% during the fourth quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company's stock valued at $21,625,000 after buying an additional 668,590 shares during the period. Finally, LPL Financial LLC increased its stake in Fortuna Mining by 65.4% during the 4th quarter. LPL Financial LLC now owns 93,505 shares of the basic materials company's stock valued at $401,000 after purchasing an additional 36,963 shares in the last quarter. Institutional investors and hedge funds 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.