FY2027 EPS Estimates for Fortuna Mining Reduced by Analyst

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Stock analysts at Scotiabank decreased their FY2027 earnings estimates for Fortuna Mining in a research report issued to clients and investors on Thursday, May 14th. Scotiabank analyst E. Winmill now anticipates that the basic materials company will earn $1.39 per share for the year, down from their prior estimate of $1.70. Scotiabank currently has a “Outperform” rating and a $14.00 target price on the stock. The consensus estimate for Fortuna Mining’s current full-year earnings is $1.43 per share.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). The firm had revenue of $342.47 million for the quarter, compared to the consensus estimate of $340.00 million. Fortuna Mining had a net margin of 31.07% and a return on equity of 16.26%.

A number of other research analysts have also commented on the company. Weiss Ratings upgraded Fortuna Mining from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th. Wall Street Zen upgraded shares of Fortuna Mining from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Zacks Research lowered shares of Fortuna Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, April 24th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Fortuna Mining has a consensus rating of “Moderate Buy” and an average target price of $11.00.

Fortuna Mining Price Performance

Shares of FSM stock opened at $9.14 on Monday. Fortuna Mining has a 12 month low of $5.47 and a 12 month high of $13.85. The company has a market capitalization of $2.78 billion, a P/E ratio of 8.62 and a beta of 0.94. The stock has a 50 day moving average of $10.14 and a two-hundred day moving average of $10.16. The company has a current ratio of 3.17, a quick ratio of 2.74 and a debt-to-equity ratio of 0.10.

Hedge Funds Weigh In On Fortuna Mining

A number of hedge funds have recently modified their holdings of the stock. Bank of America Corp DE grew its position in Fortuna Mining by 9.8% in the first quarter. Bank of America Corp DE now owns 2,856,308 shares of the basic materials company’s stock valued at $28,363,000 after acquiring an additional 255,336 shares during the period. EverSource Wealth Advisors LLC grew its holdings 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 worth $81,000 after purchasing an additional 2,832 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of Fortuna Mining by 33.1% in the 1st 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 last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Fortuna Mining during the 1st quarter worth about $3,607,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of Fortuna Mining by 0.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 815,879 shares of the basic materials company’s stock worth $8,083,000 after purchasing an additional 3,839 shares in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

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.