Fortuna Mining Corp. FSM
- Market cap
- $3.4B
- P/E
- 9.5×
Follow FSM
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2.00 | 4.03 | 3.16 | 2.39 | 1.47 | 2.91 | 2.05 | 2.58 | 2.63 | 4.13 |
Analyst estimates 2026–2028 Powerpack |
Low Price
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| 9.75 | 6.92 | 6.08 | 4.59 | 8.39 | 9.85 | 4.68 | 4.20 | 6.36 | 10.38 |
High Price
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| 780 | 847 | 1,023 | 1,232 | 1,236 | 2,297 | 2,420 | 2,490 | 2,327 | 4,294 |
Employees
|
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| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
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| 210 | 268 | 263 | 257 | 279 | 600 | 681 | 842 | 677 | 947 |
Revenue
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| 38.34% | 40.86% | 36.68% | 32.89% | 39.51% | 34.25% | 21.54% | 22.56% | 34.46% | 49.30% |
Gross Margin
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| 47 | 105 | 67 | 44 | 59 | 107 | (125) | (11) | 142 | 400 |
EBT
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| 22.41% | 39.14% | 25.58% | 17.10% | 21.13% | 17.87% | (18.36%) | (1.31%) | 20.93% | 42.25% |
EBT Margin
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| 18 | 66 | 34 | 24 | 22 | 59 | (136) | (44) | 90 | 289 |
Net Income
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| 33 | 43 | 45 | 46 | 45 | 122 | 173 | 220 | 176 | 191 |
Depreciation
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| 1.54 | 1.70 | 1.65 | 1.61 | 1.59 | 2.52 | 2.34 | 2.86 | 2.19 | 3.09 |
Revenue/Sh
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| 0.13 | 0.42 | 0.21 | 0.15 | 0.12 | 0.24 | (0.44) | (0.17) | 0.42 | 0.94 |
Earnings/Sh
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| 0.39 | 0.44 | 0.52 | 0.38 | 0.53 | 0.62 | 0.67 | 1.01 | 1.18 | 1.52 |
Cash Flow/Sh
|
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| (0.29) | (0.24) | (0.23) | (1.34) | (0.53) | (0.64) | (0.86) | (0.74) | (0.52) | (0.58) |
Capex/Sh
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| 0.09 | 0.21 | 0.29 | (0.97) | 0.00 | (0.02) | (0.20) | 0.27 | 0.66 | 0.94 |
Free CF/Sh
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| 3.09 | 3.57 | 3.77 | 3.97 | 4.15 | 6.01 | 4.42 | 4.37 | 4.75 | 5.66 |
Book Value/Sh
|
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| 137 | 158 | 160 | 160 | 175 | 238 | 291 | 295 | 309 | 307 |
Shares
|
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| 43.71 | 13.00 | 17.02 | 26.49 | 74.91 | 13.93 | 0.00 | 0.00 | 10.21 | 10.55 |
PE Ratio
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| 3.98 | 3.14 | 2.21 | 2.54 | 5.17 | 1.55 | 1.62 | 1.31 | 1.96 | 3.18 |
PS Ratio
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| 1.98 | 1.49 | 0.96 | 1.03 | 1.99 | 0.65 | 0.85 | 0.85 | 0.90 | 1.73 |
PB Ratio
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| 3.58 | 2.50 | 1.87 | 2.88 | 5.33 | 1.68 | 1.85 | 1.45 | 1.94 | 2.83 |
EV/Sales
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| 60.28 | 20.37 | 10.56 | (4.77) | 3,510.06 | (196.09) | (22.13) | 15.35 | 6.42 | 9.28 |
EV/FCF
|
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| 53 | 70 | 83 | 60 | 93 | 147 | 194 | 297 | 366 | 467 |
Op' Cash Flow
|
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| (40) | (37) | (37) | (215) | (93) | (152) | (251) | (217) | (161) | (178) |
Capex
|
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| 12 | 33 | 47 | (155) | 0 | (5) | (57) | 80 | 205 | 289 |
FCF
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| 109 | 212 | 158 | 63 | 152 | 114 | 118 | 90 | 230 | 508 |
Working Cap'
|
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| 43 | 41 | 78 | 170 | 178 | 187 | 241 | 249 | 174 | 190 |
Total Debt
|
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| (83) | (173) | (85) | 87 | 46 | 80 | 160 | 121 | (57) | (364) |
Net Debt
|
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| 423 | 564 | 603 | 635 | 726 | 1,430 | 1,289 | 1,288 | 1,466 | 1,735 |
Sh' Equity
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| 3.79% | 10.45% | 4.55% | 2.76% | 2.16% | 3.76% | (6.57%) | (2.64%) | 6.31% | 12.84% |
ROA
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| 8.93% | 17.64% | 7.43% | 2.96% | 4.63% | 5.67% | (4.90%) | (0.02%) | 6.93% | 18.61% |
ROIC
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| 5.20% | 13.44% | 5.83% | 3.84% | 3.17% | 5.37% | (9.43%) | (3.95%) | 9.35% | 17.96% |
ROE
|
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Fortuna Mining Corp. peers in Gold
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| NG Novagold Resources Inc. | $3.2B | 0.0× | Compare |
| AAUC Allied Gold Corporation | $3.1B | 0.0× | Compare |
| ARIS Aris Mining Corporation | $3.9B | 13.6× | Compare |
| DRD DRDGOLD Limited | $2.2B | 155× | Compare |
| Company | Market cap | P/E | Compare |
|---|---|---|---|
| HYMC Hycroft Mining Holding Corporation | $2.0B | 0.0× | Compare |
| OR OR Royalties Inc. | $6.7B | 23.7× | Compare |
| AUGO Aura Minerals Inc. | $7.0B | 23.3× | Compare |
| BTG B2Gold Corp | $7.0B | 9.0× | Compare |
Fortuna Mining Corp. (FSM) key facts
- Fortuna Mining Corp. (FSM) is a Gold company in the Basic Materials sector, listed on the New York Stock Exchange.
- Fortuna Mining Corp.’s revenue for fiscal 2025 (year ended December 2025) was CAD 947.1 million, up 39.8% from fiscal 2024.
- Net income was CAD 288.8 million, or CAD 0.94 per share (basic), a net margin of 30.4%.
- As of September 25, 2026, FSM traded at $11.69, a market capitalization of $3.4 billion.
- At that price the stock trades at 9.5× trailing-twelve-month earnings and 3.0× sales.
- Return on equity was 18.0% and debt-to-equity 0.11.
Fortuna Mining Corp. (FSM) Latest News
18 Aug
Fortuna Mining Corp. (FSM) is an undervalued miner recommended for purchase after completing a smart acquisition. Smart acquisition represents a major strategic move that could significantly alter Fortuna Mining Corp. trajectory and investor sentiment.
15 Aug
Fortuna Mining advances Bambadji asset acquisition and installs new leadership to strengthen operations and strategic direction. Bambadji deal adds significant assets while leadership reset positions company for improved execution and growth.
14 Aug
XAU Resources updated on Quartzstone transaction progress, Fortuna exploration program results and Noseno project status. Project and transaction updates can moderately shift Fortuna Mining operational plans and near-term sentiment.
10 Aug
Fortuna Mining Corp. acquires the Bambadji Project in Senegal from Barrick and IAMGOLD. Acquisition expands Fortuna's Senegal footprint and adds prospective gold assets likely to lift reserves and production outlook.
8 Aug
Fortuna Mining Corp. released Q2 earnings call highlights covering financial results, production updates and operational outlook for its mining operations. Q2 earnings and operational metrics can moderately shift near-term investor views on financial trajectory.
6 Aug
Fortuna Mining Corp generated strong cash flow in Q2 2026 with strategic progress noted during its earnings call. Strong cash flow and strategic updates from Q2 2026 earnings improve Fortuna Mining's financial outlook and investor sentiment.
5 Aug
Fortuna Mining Corp. released its financial and operational results for the second quarter of 2026. Quarterly results releases typically drive notable shifts in stock valuation and investor outlook.
29 Jul
Fortuna Mining Corp. approved 30% capacity expansion of the Séguéla Gold Mine in Côte d’Ivoire. 30% capacity expansion at key gold mine will substantially increase Fortuna's future output and revenues.
28 Jul
Awalé closes $19 million strategic investment by Predictive Discovery and Fortuna Mining. Fortuna Mining's stake in the $19 million Awalé deal marks a strategic capital deployment with moderate effect on its asset positioning.
23 Jul
CDE stock is assessed as mostly a bargain rather than a trap, pointing to favorable valuation for potential investors. Stock valuation analysis may moderately shift investor sentiment and near-term trading in the shares.
13 Jul
Fortuna Mining Corp. filed a feasibility study technical report for the Diamba Sud Gold Project in Senegal. Feasibility study filing marks key milestone advancing Diamba Sud project toward potential development and future production.
9 Jul
Fortuna Mining produced 72,217 gold equivalent ounces in Q2 2026 and advanced key growth initiatives. Quarterly production results plus growth updates typically create moderate but not transformative effects on operations and sentiment.
29 Jun
Fortuna Mining Corp. released a feasibility study for the Diamba Sud Gold Project in Senegal projecting an after-tax IRR of 60% and NPV5% of US$1 billion at a US$3,500/oz gold price. High-IRR feasibility study for a new Senegal gold project signals major production growth and valuation upside for Fortuna.
19 Jun
Fortuna Mining Corp. obtained environmental approval for the Diamba Sud Gold Project in Senegal. Approval advances Diamba Sud project toward development and future output growth.
17 Jun
Fortuna Mining Corp. secures environmental approval advancing the Diamba Sud Project. Environmental approval directly enables development of a core mining project likely to increase future output and revenues.
16 Jun
Fortuna Mining Corp. secures environmental approval for Diamba Sud mine. Environmental approval clears key hurdle for Diamba Sud mine development and future output growth.
15 Jun
Fortuna Mining obtains key environmental approval for Diamba Sud Gold Project in Senegal. Key approval advances Diamba Sud gold project permitting and future production potential.
16 May
Fortuna Mining posts record quarterly results driven by strong Séguéla mine output while evaluating multiple growth options. Record Séguéla performance and explicit growth choices signal major operational momentum and expansion potential.
14 May
Fortuna Mining Corp. (FSM) beat Q1 earnings expectations with record revenues driven by strong silver prices. Q1 earnings beat on record revenues and strong silver prices significantly enhances FSM's financial performance and investor sentiment.
13 May
Fortuna Mining Corp. (FSM) posted record Q1 2026 results fueled by high gold prices. Record Q1 2026 results from high gold prices signal major boost to financial performance and investor sentiment.
11 May
Fortuna Mining Corp. (FSM) prepares to report Q1 earnings, with detailed expectations for stock performance following the release. Upcoming Q1 earnings disclosure represents a major financial event likely to significantly sway FSM's market performance and investor perceptions.
10 May
Fortuna Mining Corp. (FSM) released highlights from its Q1 earnings call, covering financial results, operational updates, and forward guidance. Q1 earnings call highlights detail financial performance and guidance, likely driving significant shifts in investor sentiment and stock trajectory.
7 May
Fortuna Mining Corp. released Q1 2026 earnings call summary detailing quarterly financial results, operational performance, production updates, and future outlook for its mining operations. Quarterly earnings summaries provide critical financial metrics and guidance that significantly influence stock price and investor expectations.
Fortuna Mining Corp. reports reserve growth, raising questions about its valuation and future output potential. Reserve growth supports long-term production but prompts valuation scrutiny amid uncertain output increases.
6 May
Fortuna Mining Corp. (FSM) reported results for the first quarter 2026. Quarterly financial results significantly influence investor sentiment, stock performance, and future projections for mining operations.
5 May
Fortuna Mining Corp (FSM) announces plans for more cash returns to shareholders amid strong financial position. Increased cash returns signal strong cash flow and boost investor sentiment significantly.
29 Apr
Fortuna Mining Corp. (FSM) reports a 15% increase in mineral reserves. 15% increase in mineral reserves extends mine life, boosts production potential, and enhances long-term valuation.
28 Apr
Fortuna Mining Corp. (FSM) just made a move that investors often watch closely. FSM's closely watched move may moderately influence investor sentiment and short-term market performance.
24 Apr
Fortuna Mining Corp. (FSM) signed an earn-in agreement with Arafura Resources for the Quartzstone gold project in Guyana, allowing FSM to earn up to 70% interest by funding exploration and development expenditures over eight years. Earn-in deal expands Fortuna Mining's gold asset pipeline in a new jurisdiction, enhancing long-term production potential and strategic growth.
23 Apr
Fortuna Mining Corp. (TSX:FVI) undergoes valuation review after reporting mineral reserve growth and securing Quartzstone earn-in agreement, highlighting improved asset base and expansion potential. Reserve growth bolsters resource inventory and Quartzstone earn-in enables strategic low-risk project access, driving major positive shifts in valuation and market outlook.