Fortuna Mining Corp.
FSM
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- Fortuna Mining Corp. operates in the gold industry, which historically benefits from economic uncertainty and inflation, making it an attractive investment during volatile market conditions.
- In Q2 2026, Fortuna reported a revenue of $318.413 million, showing a strong operating margin of 51.25%.
- The company has a trailing P/E ratio of 9.56, indicating it may be undervalued compared to its earnings potential.
- The gold industry faces significant competition, which can pressure margins and profitability for companies like Fortuna Mining Corp.
- In Q2 2026, Fortuna's gross margin decreased to 57.6%, down from 61.9% in the previous quarter.
- The company's net income for 2023 was negative at -$50.836 million, indicating challenges in profitability.
Fundamentals
| Market cap | $3.14B | Enterprise value | $2.81B | Trailing P/E | 9.07 | Forward P/E | 6.18 |
| PEG | — | Price / book | 1.78 | Beta | 2.18 | Dividend yield | 0.00% |
| Revenue growth | 38.2% | Earnings growth | 101.4% | Gross margin | 57.2% | Operating margin | 51.1% |
| Profit margin | 32.0% | ROE | 24.1% | ROA | 16.8% | Debt / equity | 0.13 |
| Current ratio | 3.00 | Free cash flow | $364.28M | Analyst recommendation | buy | Mean target | $14.50 |
| 52w high | $13.85 | 52w low | $7.69 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | 2025-Q1 | |
|---|---|---|---|---|---|---|
| Revenue | $318M | $342M | $270M | $251M | $230M | — |
| Op margin | 51.3% | 53.2% | 44.7% | 43.5% | 36.2% | — |
| Net income | $75.5M | $111M | $68.1M | $124M | $37.3M | — |
| Gross margin | 57.6% | 61.9% | 54.9% | 53.0% | 45.6% | — |
| Gross profit | $183M | $212M | $148M | $133M | $105M | — |
| Operating income | $163M | $182M | $121M | $109M | $83.4M | — |
- Revenue -7% vs prior quarter ($318M vs $342M).
- Gross margin 57.6% (was 61.9% prior quarter).
Yearly (6y)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | $947M | $677M | $842M | $681M | — |
| Op margin | 39.0% | 24.4% | 14.2% | 12.2% | — |
| Net income | $287M | $129M | -$50.8M | -$128M | — |
| Gross margin | 49.3% | 34.5% | 22.6% | 21.5% | — |
| Gross profit | $467M | $233M | $190M | $147M | — |
| Operating income | $369M | $165M | $120M | $83.0M | — |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-07 · Update: Fortuna Mining Shares Fall After Q3 Gold Equivalent Production Declines
2026-10-07 · Fortuna Mining Produced Near 70,000 Gold Equivalent Ounces in Fiscal Third Quarter
2026-10-07 · Fortuna Mining Q3 Output Falls, Board Approves Seguela Expansion
2026-10-07 · Fortuna reports third quarter 2026 production of 69,665 gold equivalent ounces and advances key growth initiatives
2026-10-05 · Antimony Market Faces a Nov. 27 Export-Control Deadline from China
2026-09-29 · Fortuna Mining Targets 500,000 Gold Ounces With West Africa Expansion
2026-09-27 · 3 Canadian Hidden Gem Stocks For September 2026
2026-09-25 · Should You Sell Your Coeur Mining Stock Now?
2026-09-24 · Fortuna CEO to present at Mining Forum Americas 2026
2026-09-23 · Wall Street Analysts See Fortuna (FSM) as a Buy: Should You Invest?
2026-09-17 · Coeur Mining Is Generating Record Cash, So Why Does Its Dip History Warn Buyers?
Price (daily)
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