Zacks Investment Research·Jun 26, 2026
New Strong Sell Stocks for June 26thCHWY, FSM and MHO have been added to the Zacks Rank #5 (Strong Sell) List on June 26th, 2026.
Fortuna Mining Corp.(FSM)Earnings, Financials & Key Ratios
FSM•NYSE
$8.42
9.4× P/E·Price updated Jul 7, 2026
AboutFortuna Silver Mines Inc. engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire. The company was formerly known as Fortuna Ventures Inc. and changed its name to Fortuna Silver Mines Inc. in June 2005. Fortuna Silver Mines Inc. was incorporated in 1990 and is based in Vancouver, Canada.Show more
- Revenue$960M-9.6%
- EBITDA$566M+21.5%
- Net Income$302M+134.7%
- EPS (Diluted)0.90+119.5%
- Gross Margin48.74%+50.7%
- EBITDA Margin59%+34.4%
- Operating Margin38.52%+79.4%
- Net Margin31.47%+159.6%
- ROE18.89%+102.1%
FSM Price & Volume
Fortuna Mining Corp. (FSM) stock price & volume — 10-year historical chart
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Gold Transition Drives Robust Margin Expansion Cycle
Investment Thesis • Updated 2026Q1
VerdictPositive: The company presents a compelling valuation with a forward P/E of 5.37 and a PEG ratio of 0.19
Growth:Mixed
Profitability:Strong
Financial:Healthy
Cash Flow:Robust
Primary Risk:Geopolitical and regulatory volatility
Key Thesis Takeaways
- Fortuna Mining Corp.
- has successfully pivoted toward a higher-margin gold production profile, evidenced by a gross margin expansion from 19.5% in 2023Q4 to 61.9% in 2026Q1.
- This operational shift, combined with a conservative debt-to-equity ratio of 0.11, positions the company to navigate commodity price volatility while self-funding growth through retained earnings.
- Investors should monitor the sustainability of this cash flow generation as the company balances capital allocation between maintenance requirements and shareholder returns.
Verdict Logic
suggesting significant upside potential relative to its current earnings growth trajectory.
FSM Growth Metrics
Fortuna Mining Corp. (FSM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years20.03%
5 Years28.04%
3 Years12.1%
TTM7.11%
Profit CAGR
10 Years-
5 Years69.57%
3 Years-
TTM111.83%
EPS CAGR
10 Years-
5 Years49.63%
3 Years-
TTM105.31%
Return on Capital
10 Years8.48%
5 Years6.9%
3 Years10.37%
Last Year18.41%
FSM Recent Earnings
Fortuna Mining Corp. (FSM) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 3/12 qtrs (25%)●Beat Revenue 7/12 qtrs (58%)
Q2 2026Latest
May 6, 2026Metric
Actual
Est
EPS
$0.35-6.3%
$0.37
Rev
$342M+0.7%
$340M
Q1 2026
Feb 18, 2026Metric
Actual
Est
EPS
$0.22-2.4%
$0.23
Rev
$270M+2.0%
$265M
Q4 2025
Nov 5, 2025Metric
Actual
Est
EPS
$0.15-42.0%
$0.26
Rev
$251M+1.6%
$247M
Q3 2025
Aug 6, 2025Metric
Actual
Est
EPS
$0.14-36.4%
$0.22
Rev
$230M-6.1%
$245M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 6, 2026 | $0.35vs $0.37-6.3% | $342Mvs $340M+0.7% |
| Q1 2026 | Feb 18, 2026 | $0.22vs $0.23-2.4% | $270Mvs $265M+2.0% |
| Q4 2025 | Nov 5, 2025 | $0.15vs $0.26-42.0% | $251Mvs $247M+1.6% |
| Q3 2025 | Aug 6, 2025 | $0.14vs $0.22-36.4% | $230Mvs $245M-6.1% |
Based on last 12 quarters of dataView full earnings history →
Latest FSM News
Recent stock market news and headlines for Fortuna Mining Corp. (FSM)
GlobeNewsWire·Jun 25, 2026
Fortuna reports voting results of its 2026 annual general meeting of shareholdersVANCOUVER, British Columbia, June 25, 2026 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) announces the voting results from its 2026 annual general meeting of shareholders held earlier today. A total of 202,415,038 common shares were represented at the meeting, accounting for 66.81% of Fortuna's issued and outstanding shares as of the record date.
Zacks Investment Research·Jun 17, 2026
FSM Advances Diamba Sud Project With Environmental ApprovalFortuna Mining secures environmental approval for Senegal's Diamba Sud Gold Mine, clearing a key hurdle as the project advances toward feasibility completion.
Peers Comparison
Key metrics vs top competitors for Fortuna Mining Corp. (FSM)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $8.42 | $2.56B | 9.36 | -9.6% | 31.47% | 18.89% | — | |
| $8.02 | $2.37B | -18.65 | 115.25% | -3.48% | -3.75% | — | |
| $15.56 | $10.44B | 31.76 | 53.03% | 35.55% | 22.55% | — | |
| $16.04 | $10.44B | 17.82 | 96.41% | 31.15% | 15.17% | — | |
| $44.16 | $18.61B | 16.92 | 30.63% | 31.69% | 19.63% | — | |
| $16.45 | $8.12B | 47.00 | 128.18% | 19.72% | 9.49% | — |
Compare FSM vs Peers
Fortuna Mining Corp. (FSM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
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FSM Frequently Asked Questions
Fortuna Mining Corp. (FSM) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is Fortuna Mining Corp.'s revenue?
Fortuna Mining Corp. (FSM) reported $1.10B in revenue for fiscal year 2025.
How fast is Fortuna Mining Corp. growing?
Fortuna Mining Corp. (FSM) saw revenue decline by 9.6% over the past year.
Is FSM profitable?
Yes, Fortuna Mining Corp. (FSM) is profitable, generating $341.0M in net income for fiscal year 2025 (31.5% net margin).
Dividend & Returns
What is FSM's return on equity?
Fortuna Mining Corp. (FSM) has a return on equity (ROE) of 18.9%. This is reasonable for most industries.
What is Fortuna Mining Corp.'s free cash flow?
Fortuna Mining Corp. (FSM) generated $366.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.