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

Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) has received an average rating of “Moderate Buy” from the five analysts that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $14.00.

A number of equities analysts have recently commented on FSM shares. Wall Street Zen lowered shares of Fortuna Mining from a “buy” rating to a “hold” rating in a research report on Saturday. Weiss Ratings cut shares of Fortuna Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, October 26th. Finally, Scotiabank reiterated an “outperform” rating on shares of Fortuna Mining in a research note on Thursday, July 30th.

Fortuna Mining Stock Performance

Shares of NYSE:FSM opened at $9.51 on Friday. Fortuna Mining has a one year low of $7.90 and a one year high of $13.85. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.84 and a current ratio of 2.31. The company has a market cap of $2.81 billion, a P/E ratio of 9.91 and a beta of 1.02. The business’s 50-day simple moving average is $10.81 and its 200 day simple moving average is $10.28.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings results on Wednesday, November 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. The firm had revenue of $293.40 million for the quarter, compared to analysts’ expectations of $289.78 million. Fortuna Mining had a net margin of 24.70% and a return on equity of 17.02%. On average, sell-side analysts forecast that Fortuna Mining will post 1.06 earnings per share for the current fiscal year.

Institutional Trading of Fortuna Mining

A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in shares of Fortuna Mining by 5.6% in 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 acquiring an additional 567,558 shares during the last quarter. Euro Pacific Asset Management LLC grew its stake in Fortuna Mining by 0.5% in the 1st quarter. Euro Pacific Asset Management LLC now owns 4,485,635 shares of the basic materials company’s stock worth $43,925,000 after acquiring an additional 20,866 shares during the period. Bank of America Corp DE increased its stake in Fortuna Mining by 9.8% during the first quarter. Bank of America Corp DE now owns 2,856,308 shares of the basic materials company’s stock worth $28,363,000 after acquiring an additional 255,336 shares during the last quarter. Royal Bank of Canada lifted its position in Fortuna Mining by 33.1% during 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 acquiring an additional 346,716 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Fortuna Mining by 193.5% during 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 buying an additional 780,745 shares in the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.

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.