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

Shares of Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) have earned an average rating of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $14.00.

FSM has been the topic of a number of research reports. Scotiabank restated an “outperform” rating on shares of Fortuna Mining in a report on Thursday, July 30th. Wall Street Zen cut shares of Fortuna Mining from a “buy” rating to a “hold” rating in a research note on Saturday. Weiss Ratings lowered shares of Fortuna Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, October 26th. Finally, Zacks Research raised shares of Fortuna Mining from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th.

Fortuna Mining Trading Up 0.3%

FSM stock opened at $9.64 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.84 and a debt-to-equity ratio of 0.11. Fortuna Mining has a 12-month low of $7.86 and a 12-month high of $13.85. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 10.05 and a beta of 1.02. The business’s 50-day moving average is $10.91 and its 200 day moving average is $10.30.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings data on Wednesday, November 4th. The basic materials company reported $0.17 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $289.78 million. On average, sell-side analysts anticipate that Fortuna Mining will post 1.06 EPS for the current fiscal year.

Hedge Funds Weigh In On Fortuna Mining

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. increased its holdings 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 valued at $13,315,000 after purchasing an additional 780,745 shares during the last quarter. Ritholtz Wealth Management lifted its position in Fortuna Mining by 12.1% during the third quarter. Ritholtz Wealth Management now owns 252,747 shares of the basic materials company’s stock worth $2,841,000 after buying an additional 27,289 shares in the last quarter. Hohimer Wealth Management LLC purchased a new position in Fortuna Mining during the third quarter worth approximately $125,000. Abbington Investment Group purchased a new position in Fortuna Mining during the third quarter worth approximately $1,435,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in Fortuna Mining during the third quarter worth $1,118,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Fortuna Mining Company Profile

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.