FY2027 EPS Estimate for Fortuna Mining Boosted by Analyst

Key Points

• Scotiabank raised Fortuna Mining’s FY2027 EPS estimate to $1.49 from $1.39 and maintained its “Outperform” rating. The consensus current-year EPS estimate is $1.32.
• Fortuna Mining’s latest quarterly results fell short of expectations, with EPS of $0.24 versus the $0.29 consensus and revenue of $318.41 million versus $325 million expected.
• Analyst sentiment remains moderately positive, with three Buy ratings and two Holds and an average price target of $14.00. Institutional investors own 33.8% of the company.

Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI - Research analysts at Scotiabank upped their FY2027 earnings estimates for Fortuna Mining in a note issued to investors on Tuesday, August 4th. Scotiabank analyst E. Winmill now forecasts that the basic materials company will post earnings of $1.49 per share for the year, up from their prior estimate of $1.39. Scotiabank currently has a "Outperform" rating on the stock. The consensus estimate for Fortuna Mining's current full-year earnings is $1.32 per share.

A number of other equities research analysts also recently weighed in on FSM. Weiss Ratings downgraded Fortuna Mining from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Thursday, June 18th. Zacks Research upgraded Fortuna Mining from a "strong sell" rating to a "hold" rating in a research report on Monday, July 13th. Finally, Wall Street Zen downgraded shares of Fortuna Mining from a "strong-buy" rating to a "buy" rating in a research report on Sunday, July 12th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Fortuna Mining has a consensus rating of "Moderate Buy" and an average price target of $14.00.

Fortuna Mining Stock Performance

FSM stock opened at $9.63 on Thursday. The company has a 50 day moving average price of $8.77 and a 200 day moving average price of $9.96. Fortuna Mining has a fifty-two week low of $6.17 and a fifty-two week high of $13.85. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.17 and a quick ratio of 2.74. The stock has a market capitalization of $2.85 billion, a PE ratio of 9.09 and a beta of 1.01.

Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last released its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.05). The company had revenue of $318.41 million for the quarter, compared to the consensus estimate of $325.00 million. Fortuna Mining had a net margin of 31.07% and a return on equity of 16.26%.

Institutional Investors Weigh In On Fortuna Mining

A number of institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Fortuna Mining in the fourth quarter valued at approximately $586,000. U S Global Investors Inc. bought a new stake in shares of Fortuna Mining during the fourth quarter worth $5,499,000. World Investment Advisors bought a new stake in shares of Fortuna Mining during the fourth quarter worth $1,415,000. Dimensional Fund Advisors LP raised its holdings in shares of Fortuna Mining by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 10,634,157 shares of the basic materials company's stock worth $105,576,000 after acquiring an additional 567,558 shares during the period. Finally, Intact Investment Management Inc. bought a new stake in Fortuna Mining in the 4th quarter valued at $1,239,000. 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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