FY2026 EPS Estimate for Fortuna Mining Lowered by Analyst

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Analysts at Scotiabank dropped their FY2026 earnings per share estimates for Fortuna Mining in a report released on Wednesday, November 11th. Scotiabank analyst E. Winmill now anticipates that the basic materials company will post earnings per share of $1.05 for the year, down from their prior estimate of $1.06. Scotiabank currently has an “Outperform” rating on the stock. The consensus estimate for Fortuna Mining’s current full-year earnings is $1.06 per share.

Several other analysts have also recently weighed in on FSM. Wall Street Zen cut shares of Fortuna Mining from a “buy” rating to a “hold” rating in a research note on Saturday, November 7th. Weiss Ratings lowered shares of Fortuna Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Fortuna Mining has a consensus rating of “Moderate Buy” and an average target price of $14.00.

Fortuna Mining Price Performance

NYSE:FSM opened at $9.12 on Friday. Fortuna Mining has a 52 week low of $7.90 and a 52 week high of $13.85. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 9.50 and a beta of 1.02. The firm’s 50-day simple moving average is $10.71 and its 200 day simple moving average is $10.26. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.84 and a current ratio of 2.31.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last announced its earnings results on Wednesday, November 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.03. Fortuna Mining had a net margin of 24.70% and a return on equity of 17.02%. The company had revenue of $293.40 million during the quarter, compared to analysts’ expectations of $289.78 million.

Hedge Funds Weigh In On Fortuna Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Private Advisor Group LLC bought a new stake in shares of Fortuna Mining during the 3rd quarter valued at $182,000. Boston Partners grew its holdings in shares of Fortuna Mining by 114.8% during the 3rd quarter. Boston Partners now owns 355,460 shares of the basic materials company’s stock worth $3,995,000 after purchasing an additional 190,011 shares in the last quarter. Virtus Advisers LLC increased its position in shares of Fortuna Mining by 24.8% in the third quarter. Virtus Advisers LLC now owns 49,400 shares of the basic materials company’s stock worth $555,000 after purchasing an additional 9,829 shares during the period. Drive Wealth Management LLC bought a new position in shares of Fortuna Mining in the third quarter worth $141,000. Finally, Russell Investments Group Ltd. increased its position in shares of Fortuna Mining by 193.5% in the third quarter. Russell Investments Group Ltd. now owns 1,184,199 shares of the basic materials company’s stock worth $13,315,000 after purchasing an additional 780,745 shares during the period. 33.80% of the stock is owned by institutional investors and hedge funds.

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.