FY2025 EPS Estimate for Fortuna Mining Reduced by Analyst

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) – Stock analysts at National Bank Financial cut their FY2025 earnings per share (EPS) estimates for shares of Fortuna Mining in a research report issued to clients and investors on Sunday, August 10th. National Bank Financial analyst M. Sidibe now forecasts that the basic materials company will earn $0.74 per share for the year, down from their previous forecast of $0.88. The consensus estimate for Fortuna Mining’s current full-year earnings is $0.51 per share. National Bank Financial also issued estimates for Fortuna Mining’s FY2026 earnings at $0.82 EPS.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets restated an “outperform” rating on shares of Fortuna Mining in a report on Friday, August 8th. National Bankshares restated a “sector perform” rating on shares of Fortuna Mining in a report on Tuesday, June 24th. Scotiabank increased their target price on Fortuna Mining from $7.50 to $8.00 and gave the company a “sector perform” rating in a report on Wednesday, August 6th. Wall Street Zen lowered Fortuna Mining from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Finally, CIBC boosted their target price on Fortuna Mining from $7.00 to $8.00 and gave the company an “underperformer” rating in a research note on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Fortuna Mining presently has a consensus rating of “Hold” and a consensus price target of $8.00.

Fortuna Mining Trading Up 2.7%

Shares of FSM stock opened at $7.21 on Wednesday. The stock has a market capitalization of $2.21 billion, a PE ratio of 14.42 and a beta of 0.85. Fortuna Mining has a 1-year low of $4.13 and a 1-year high of $7.55. The business has a 50-day moving average of $6.72 and a 200 day moving average of $5.96. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.71 and a quick ratio of 2.15.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last issued its earnings results on Wednesday, August 6th. The basic materials company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.08). The company had revenue of $230.42 million for the quarter, compared to analysts’ expectations of $220.00 million. Fortuna Mining had a net margin of 14.36% and a return on equity of 12.74%.

Hedge Funds Weigh In On Fortuna Mining

Several hedge funds have recently made changes to their positions in FSM. Optiver Holding B.V. purchased a new position in shares of Fortuna Mining during the fourth quarter valued at approximately $26,000. EverSource Wealth Advisors LLC boosted its position in shares of Fortuna Mining by 126.8% during the second quarter. EverSource Wealth Advisors LLC now owns 4,813 shares of the basic materials company’s stock valued at $31,000 after purchasing an additional 2,691 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in shares of Fortuna Mining during the second quarter valued at approximately $42,000. Bank of Nova Scotia bought a new stake in shares of Fortuna Mining during the fourth quarter valued at approximately $46,000. Finally, TD Waterhouse Canada Inc. boosted its position in shares of Fortuna Mining by 24.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 12,440 shares of the basic materials company’s stock valued at $53,000 after purchasing an additional 2,440 shares in the last quarter. 33.80% of the stock is owned by hedge funds and other institutional investors.

Fortuna Mining Company Profile

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.