FY2027 EPS Estimates for Fortuna Mining Cut by Analyst

Key Points

• Scotiabank trimmed its FY2027 EPS estimate for Fortuna Mining to $1.70 from $1.74 while maintaining an Outperform rating and a $14 price target; the consensus EPS estimate is $1.63.
• Other analysts have softened their views—Zacks and Wall Street Zen downgraded the stock to Hold while BMO and others remain positive, leaving a consensus rating of Moderate Buy with an average target of $11.00.
• FSM opened at $9.21 and trades below analyst targets, with a $2.8B market cap and a PE of 10.23; the company recently missed quarterly EPS by $0.01 on $270.2 million in revenue.

Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI - Scotiabank reduced their FY2027 EPS estimates for Fortuna Mining in a research report issued to clients and investors on Friday, May 1st. Scotiabank analyst E. Winmill now anticipates that the basic materials company will earn $1.70 per share for the year, down from their previous estimate of $1.74. 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.

FSM has been the topic of several other reports. Zacks Research lowered shares of Fortuna Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 24th. Wall Street Zen lowered shares of Fortuna Mining from a "buy" rating to a "hold" rating in a report on Saturday, April 25th. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Fortuna Mining in a research report on Friday, January 16th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $11.00.

Fortuna Mining Stock Performance

Shares of FSM stock opened at $9.21 on Tuesday. The stock has a fifty day moving average price of $10.74 and a 200 day moving average price of $10.03. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.50 and a current ratio of 2.98. The stock has a market cap of $2.80 billion, a PE ratio of 10.23 and a beta of 0.94. Fortuna Mining has a 1 year low of $5.23 and a 1 year high of $13.85.

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

Institutional Trading of Fortuna Mining

Several hedge funds and other institutional investors have recently modified their holdings of the business. Van ECK Associates Corp grew its position in 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 valued at $262,354,000 after purchasing an additional 8,878,857 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Fortuna Mining by 80.4% in 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 during the last quarter. Vanguard Group Inc. increased its stake in shares of Fortuna Mining by 1,623.8% in the third quarter. Vanguard Group Inc. now owns 4,562,023 shares of the basic materials company's stock worth $40,844,000 after purchasing an additional 4,297,370 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Fortuna Mining by 38.1% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,707,054 shares of the basic materials company's stock valued at $122,747,000 after acquiring an additional 3,779,920 shares during the period. Finally, Invesco Ltd. lifted its stake in shares of Fortuna Mining by 1,130.8% in the third quarter. Invesco Ltd. now owns 3,118,752 shares of the basic materials company's stock valued at $27,944,000 after buying an additional 2,865,367 shares during the period. 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. The company was formerly known as Fortuna Silver Mines Inc and changed its name to Fortuna Mining Corp.

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