FY2026 EPS Estimate for Fortuna Mining Increased by Analyst

Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI - Equities researchers at National Bank Financial upped their FY2026 earnings per share estimates for shares of Fortuna Mining in a research report issued to clients and investors on Tuesday, July 15th. National Bank Financial analyst M. Sidibe now anticipates that the basic materials company will post earnings per share of $0.97 for the year, up from their previous estimate of $0.74. National Bank Financial currently has a "Hold" rating on the stock. The consensus estimate for Fortuna Mining's current full-year earnings is $0.51 per share.

A number of other brokerages have also commented on FSM. National Bankshares restated a "sector perform" rating on shares of Fortuna Mining in a report on Tuesday, June 24th. CIBC boosted their price target on Fortuna Mining from $7.00 to $8.00 and gave the company an "underperformer" rating in a report on Tuesday. Scotiabank upped their target price on Fortuna Mining from $6.00 to $7.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. Finally, Wall Street Zen upgraded Fortuna Mining from a "buy" rating to a "strong-buy" rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $7.50.

Fortuna Mining Trading Down 2.0%

NYSE:FSM traded down $0.13 on Friday, reaching $6.29. The company's stock had a trading volume of 10,362,903 shares, compared to its average volume of 11,504,040. The firm has a market cap of $1.93 billion, a PE ratio of 12.33 and a beta of 0.94. The business's 50-day moving average price is $6.39 and its two-hundred day moving average price is $5.67. Fortuna Mining has a 1-year low of $3.86 and a 1-year high of $7.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.56 and a current ratio of 2.04.

Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last posted its earnings results on Wednesday, May 7th. The basic materials company reported $0.20 earnings per share (EPS) 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 business had revenue of $290.15 million during the quarter, compared to analyst estimates of $291.00 million.

Institutional Investors Weigh In On Fortuna Mining

A number of large investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. bought a new stake in Fortuna Mining during the first quarter worth $445,000. Cambridge Investment Research Advisors Inc. lifted its stake in Fortuna Mining by 16.9% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 73,951 shares of the basic materials company's stock worth $451,000 after purchasing an additional 10,690 shares during the last quarter. Bank of America Corp DE lifted its stake in Fortuna Mining by 15.4% during the fourth quarter. Bank of America Corp DE now owns 927,264 shares of the basic materials company's stock worth $3,978,000 after purchasing an additional 123,720 shares during the last quarter. Legal & General Group Plc lifted its stake in Fortuna Mining by 10.0% during the fourth quarter. Legal & General Group Plc now owns 863,406 shares of the basic materials company's stock worth $3,704,000 after purchasing an additional 78,284 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its stake in shares of Fortuna Mining by 29.0% in the 4th quarter. Nuveen Asset Management LLC now owns 303,857 shares of the basic materials company's stock valued at $1,304,000 after acquiring an additional 68,350 shares during 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.