FY2027 EPS Estimates for Fortuna Mining Increased by Analyst

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Analysts at Scotiabank increased their FY2027 EPS estimates for shares of Fortuna Mining in a report issued on Tuesday, August 4th. Scotiabank analyst E. Winmill now anticipates that the basic materials company will post earnings of $1.49 per share for the year, up from their previous estimate of $1.39. Scotiabank has a “Outperform” rating on the stock. The consensus estimate for Fortuna Mining’s current full-year earnings is $1.32 per share.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Wednesday, August 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.05). The company had revenue of $318.41 million during the quarter, compared to the consensus estimate of $325.00 million. Fortuna Mining had a net margin of 31.07% and a return on equity of 16.26%.

Several other research firms also recently commented on FSM. Zacks Research raised Fortuna Mining from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings downgraded shares of Fortuna Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, June 18th. Finally, Wall Street Zen lowered shares of Fortuna Mining from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $14.00.

Fortuna Mining Stock Performance

Shares of NYSE FSM opened at $9.63 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.74 and a current ratio of 3.17. The stock has a 50 day moving average price of $8.77 and a 200 day moving average price of $9.96. The stock has a market capitalization of $2.85 billion, a PE ratio of 9.09 and a beta of 1.01. Fortuna Mining has a 52 week low of $6.17 and a 52 week high of $13.85.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Arrowstreet Capital Limited Partnership raised its stake in Fortuna Mining by 3.5% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 20,216,810 shares of the basic materials company’s stock valued at $198,176,000 after acquiring an additional 686,762 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 purchasing an additional 3,779,920 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of 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 worth $105,576,000 after buying an additional 567,558 shares during the last quarter. Tidal Investments LLC grew its stake in Fortuna Mining by 31.4% in the 3rd quarter. Tidal Investments LLC now owns 8,947,480 shares of the basic materials company’s stock valued at $80,169,000 after buying an additional 2,138,143 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Fortuna Mining by 19.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 8,368,272 shares of the basic materials company’s stock valued at $51,046,000 after acquiring an additional 1,368,600 shares during the period. 33.80% of the stock is currently owned by institutional investors.

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.