Fortuna Mining stock
FSMNYSEFortuna Mining Corp., Basic MaterialsISIN CA3499421020
72Score 72 out of 100, Strong
Price and trend
60 / 100
Price history
+5.6% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Below the 200-day line: the price is 11% below it.
Since September 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 49).
The price is 33% below its 52-week high. Largest decline in 20 years: 92% (November 2007 to October 2008).
Chart figures for advanced users
- SMA 50$10.71
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$10.24
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)49
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDabove the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$8.03
- The lowest closing price of the last twelve months.
- Resistance$13.66
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Fortuna Mining Corp. belongs to the Gold industry (Canada) and, with a market value of $2.7B, is number 36 of 53 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $960.06M (down 9.6% year on year) and earnings of $302.13M (up 134.7%).
- MEQIRI Score 72 out of 100 (Strong): rank 64 of 467 in Basic Materials, median 58.
Show more
- The P/E is 9.7 (Gold median 12.2, own median of recent years 16.8).
- Our model puts fair value at $3.79, with the price 149% above it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings per share growingUp 49.8% a year since 2020.Growth 100
- Growing faster than its industryRevenue up 28% a year since 2020, Gold median 17.7%.Growth 100
- Analysts expect strong earnings growthUp 30% a year through 2027 (estimates from 2 analysts).Growth 100
Weaknesses
- DilutionShare count up 75% since 2020.Capital allocation 52
- Above fair valuePrice 149% above the fair value of $3.79.Valuation 65
- Margin may fall backOperating margin 38.5%, average of the prior years 20.5%, which ranged from −16.7% to 22.8%. After peaks like this, the margin was more than a quarter lower two years later in 44 of 100 cases, against 24 of 100 for other companies with high margins.
Its standout strengths are growth and fundamentals, while momentum holds the score back.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- high price swings
- high growth grade (crashed more often in the backtest)
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
What lowers it
- solid fundamentals
Valuation
Valuation signal
Significantly overvaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $2.71 and expensive above $6.32 (uncertainty high, based on the price swings of the past year).
The two parts of the fair value come to $3.20 (cash-flow model) and $4.38 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is above both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $3.52, at 7.8% it would be $4.21.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (12.2).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 14.2% on the twelve months before. Revenue turned from negative at the start of the period to positive ($960.06M in the latest year).
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 49%, operating 39%, net 31%. Last 12 months: net 25%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with low debt and comfortable interest coverage.
Earnings
- Next earnings
- 17 Feb 2027in 97 days
- Last reported
- 4 Nov 2026EPS reported $0.17 (expected $0.14)above expectations
Analyst estimates
- Earnings per share
- $1.08−19.9%
- Revenue
- $1.29B−5.4%
- Earnings per share
- $1.65−2.0%
- Revenue
- $1.41B−4.9%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook confirmed
Share price after the results: +9.3%Full year 2026 guidance still within reach; Seguela costs are trending toward the upper end of guidance and somewhat lower free cash flow is expected over the next two quarters.
“We produced 72,900 gold equivalent ounces in the quarter, and based on performance year to date and current operating conditions, we remain well positioned to meet our full-year 2026 guidance.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 7 May 2026 (fiscal Q1 2026), read by AI.
Insiders
Open-market purchases and sales by executives, board members and major holders
No open-market purchases or sales in the last 6 months.
Source: Form 4 filings with the US Securities and Exchange Commission. Grants, option exercises, gifts and tax withholdings are hidden. Not a recommendation to buy.
What happened at Fortuna Mining
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
467 rated companies in Basic Materials
- This company
- 72
- Sector median
- 58
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Gold
The next larger and next smaller companies by market value
- SSR MiningSSRM $5.6B68
- Centerra GoldCGAU $4.12B72
- Aris MiningARIS $3.21B61
- Allied GoldAAUC $3.02B58
- Seabridge GoldSA $2.74B30
- NovaGold ResourcesNG $2.65B29
- DRDGOLDDRD $2.07B73
- Hycroft Mining HoldingHYMC $1.74B32
ETFs that hold Fortuna Mining
Held by 1 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| WisdomTree Strategic Metals and Rare Earths Miners UCITS ETF USD AccRARE | 0.78% | 0.50% | €604M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 8 Aug 2025)
- Valuation signal Overvalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.