Fortuna Mining FY2026 Earnings Forecast Cut by Scotiabank

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Investment analysts at Scotiabank cut their FY2026 earnings per share estimates for Fortuna Mining in a research report issued on Tuesday, October 13th. Scotiabank analyst E. Winmill now expects that the basic materials company will post earnings of $1.21 per share for the year, down from their previous estimate of $1.24. Scotiabank has an “Outperform” rating on the stock. The consensus estimate for Fortuna Mining’s current full-year earnings is $1.24 per share. Scotiabank also issued estimates for Fortuna Mining’s FY2027 earnings at $1.48 EPS.

FSM has been the topic of several other reports. Zacks Research raised Fortuna Mining from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Wall Street Zen cut shares of Fortuna Mining from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings upgraded Fortuna Mining from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Fortuna Mining Stock Performance

Fortuna Mining stock opened at $10.17 on Thursday. The business has a 50 day moving average of $11.47 and a 200-day moving average of $10.11. The company has a market capitalization of $3.01 billion, a P/E ratio of 8.62 and a beta of 1.05. Fortuna Mining has a 1 year low of $7.69 and a 1 year high of $13.85. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.00 and a quick ratio of 2.50.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings results on Wednesday, August 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The company had revenue of $318.41 million during the quarter, compared to analyst estimates of $325.00 million. Fortuna Mining had a net margin of 31.99% and a return on equity of 17.48%.

Institutional Investors Weigh In On Fortuna Mining

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bullock Wealth Management Group acquired a new position in shares of Fortuna Mining during the third quarter valued at about $69,000. Banque Cantonale Vaudoise boosted its position in shares of Fortuna Mining by 1,001.3% during the 1st quarter. Banque Cantonale Vaudoise now owns 6,553 shares of the basic materials company’s stock worth $65,000 after purchasing an additional 5,958 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Fortuna Mining by 52.8% in the 1st quarter. EverSource Wealth Advisors LLC now owns 8,195 shares of the basic materials company’s stock valued at $81,000 after buying an additional 2,832 shares during the period. Farther Finance Advisors LLC acquired a new stake in shares of Fortuna Mining in the 3rd quarter valued at about $108,000. Finally, DGS Capital Management LLC grew its stake in shares of Fortuna Mining by 15.8% in the 1st quarter. DGS Capital Management LLC now owns 12,103 shares of the basic materials company’s stock valued at $120,000 after buying an additional 1,649 shares during the period. 33.80% of the stock is owned by institutional investors.

Fortuna Mining Company Profile

Fortuna Mining Corp. is a precious metals mining company formerly known as Fortuna Silver Mines Inc The company explores, develops, and operates mines producing gold and silver, with activities spanning Latin America and West Africa.

Fortuna’s operating portfolio includes the Lindero gold mine in Argentina, the Séguéla gold mine in Côte d’Ivoire, the Yaramoko gold mine in Burkina Faso, and the Caylloma silver mine in Peru. The company also conducts mineral exploration and resource development in the regions surrounding its operations.

Founded in 2004, Fortuna initially focused on silver mining in Latin America before expanding into gold production and broadening its geographic presence.