Fortuna Mining Corp. (NYSE:FSM) Stock Has Consensus Price Target of $14.00

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.00.

Several research firms recently commented on FSM. Wall Street Zen cut Fortuna Mining from a “buy” rating to a “hold” rating in a report on Saturday, November 7th. Weiss Ratings lowered Fortuna Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, October 26th. Finally, Scotiabank restated an “outperform” rating on shares of Fortuna Mining in a research report on Thursday, July 30th.

Institutional Trading of Fortuna Mining

Several institutional investors and hedge funds have recently bought and sold shares of FSM. Public Employees Retirement System of Ohio purchased a new stake in shares of Fortuna Mining in the 2nd quarter valued at approximately $7,076,000. Russell Investments Group Ltd. lifted its stake in Fortuna Mining by 193.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 1,184,199 shares of the basic materials company’s stock worth $13,315,000 after acquiring an additional 780,745 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Fortuna Mining by 5.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,634,157 shares of the basic materials company’s stock valued at $105,576,000 after acquiring an additional 567,558 shares during the period. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Fortuna Mining in the 1st quarter valued at about $3,607,000. Finally, Royal Bank of Canada increased its stake in Fortuna Mining by 33.1% during the first quarter. Royal Bank of Canada now owns 1,394,600 shares of the basic materials company’s stock worth $13,849,000 after purchasing an additional 346,716 shares during the period. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Fortuna Mining Stock Performance

NYSE FSM opened at $9.12 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.31 and a quick ratio of 1.84. Fortuna Mining has a 1-year low of $7.90 and a 1-year high of $13.85. The company has a market cap of $2.70 billion, a PE ratio of 9.50 and a beta of 1.02. The stock’s 50 day simple moving average is $10.71 and its 200-day simple moving average is $10.26.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Fortuna Mining had a return on equity of 17.02% and a net margin of 24.70%. The company had revenue of $293.40 million for the quarter, compared to analyst estimates of $289.78 million. As a group, equities research analysts anticipate that Fortuna Mining will post 1.06 EPS for the current fiscal year.

About Fortuna Mining

Fortuna Mining Corp. is a precious metals mining company focused on the exploration, development and operation of mines. Its production includes gold, silver, lead and zinc. The company operates mines in Argentina, Burkina Faso, Côte d’Ivoire and Peru. Its assets include the Lindero gold mine in Argentina, the Yaramoko gold mine in Burkina Faso, the Séguéla gold mine in Côte d’Ivoire and the Caylloma silver, lead and zinc mine in Peru. Founded as Fortuna Silver Mines, the company adopted the Fortuna Mining name in 2024 as its business expanded beyond silver.