Scotiabank Analyst Raises FSM Price Target to $8.00, Fortuna Mining Corp's GF Value Estimated at $4.20

Scotiabank analyst Eric Winmill has raised the price target for Fortuna Mining (FSM) from $7.00 to $8.00, a 6.67% increase, and maintained a "Sector Perform" rating. The updated price target reflects ongoing assessments of the company's performance and market conditions. Fortuna Mining generates the majority of its revenue from the Sango segment, which operates the Seguela gold mine in Cote d'Ivoire.

Scotiabank analyst Eric Winmill has updated his price target for Fortuna Mining (FSM) from $7.00 to $8.00, representing a 6.67% increase. The analyst maintains a "Sector Perform" rating, reflecting ongoing assessments of the company's performance and market conditions. Fortuna Mining generates the majority of its revenue from the Sango segment, which operates the Séguéla gold mine in Côte d'Ivoire.

The updated price target comes as Fortuna Mining prepares to release its Q2 2025 quarterly earnings after the market closes on August 6th. Analysts predict earnings of $0.13 per share and revenue of $220 million for the quarter. The company reported a miss in its last quarterly earnings, with an EPS of $0.20, falling short of the $0.21 expectation. Despite this, institutional investors have shown increased interest in the company, with UBS AM raising its holdings by 189% in the first quarter.

Fortuna Mining operates in the precious and base metal mining sector in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. The company's flagship project, the Séguéla gold mine, is located in the Worodougou Region of the Woroba District, Côte d'Ivoire. The mine consists of approximately 62,000 hectares and is a significant contributor to the company's revenue.

The stock has seen a mixed performance, trading down $0.08 during mid-day trading on Thursday, hitting $6.45. The stock has a 52-week low of $3.86 and a 52-week high of $7.55. The company has a current ratio of 2.04, a quick ratio of 1.56, and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 12.64, and a beta of 0.94.

Analysts have provided varied ratings for the stock, with one research analyst issuing a sell rating, three giving a hold rating, and one issuing a strong buy rating. The company has an average rating of "Hold" and an average target price of $7.50.

Fortuna Mining's financial performance and market conditions will continue to be closely watched as the company prepares to release its Q2 2025 earnings results.

References:
[1] https://www.marketbeat.com/instant-alerts/fortuna-mining-fsm-to-release-quarterly-earnings-on-wednesday-2025-07-30/
[2] https://www.marketbeat.com/all-access/analyst-rankings/1599/