A forward price-to-earnings ratio of 5.7 times, a PEG of 0.07, and 76% year-over-year revenue growth combine with a wide economic moat and a perfect Piotroski financial health score to present a compelling value-plus-quality setup — offset by three earnings misses in the last four quarters that raise questions about management's ability to reliably meet its own targets.
Thesis pillars
- Deeply Discounted Valuation→Stable
- Wide Moat High Quality Business→Stable
- Strong Revenue Growth Trajectory→Stable
- +1 more pillar — see the Why tab for full reasoning
Pillars as of Jul 3, 2026· older than 90 days
Fortuna Mining Corp. (FSM) Stock Analysis
Sector Rotation edge
Basic Materials · Gold
Hold if already holding. Not a fresh buy at $9.59, but acceptable to hold if already in. Reasons: Sector modifier (Basic Materials): -0.1; Consecutive earnings misses (3).
Fortuna Mining Corp. engages in the precious and base metal mining and related activities in Argentina, Côte d'Ivoire, Mexico, Peru, and Senegal. The company operates through Mansfield, Sango, and Bateas segments. It operates the Lindero gold mine and the Séguéla gold mine, as... Read more
Hold if already holding. Not a fresh buy at $9.59, but acceptable to hold if already in. Reasons: Sector modifier (Basic Materials): -0.1; Consecutive earnings misses (3). Chart setup: No clear chart pattern; technical signals are mixed. Deep value: 56% margin of safety. Extreme undervaluation. | News modifier -2 (STRONG_BUY_NOW → HOLD_IF_HOLDING) Score 7.2/10, high confidence.
Passes 8/9 gates (positive momentum, favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Suitability: aggressive.
Recent developments
No fresh coverage since Oct 21, 2026
Recent Developments — Fortuna Mining Corp.
Latest news
- NEWS Fortuna targets deeper Lindero pit after gold hits - Mining.com — Mining.com Oct 21, 2026 positive
- NEWS Fortuna targets deeper Lindero pit after gold hits - The Northern Miner — The Northern Miner Oct 21, 2026 positive
- NEWS Fortuna Mining (FSM) Shares Drop 9.2% on Q3 Production Decline - GuruFocus — GuruFocus Oct 7, 2026 negative
- NEWS Update: Fortuna Mining Shares Fall After Q3 Gold Equivalent Production Declines - Yahoo Finance — Yahoo Finance Oct 7, 2026 negative
- NEWS Fortuna Mining slides after Q3 production falls, full-year targets maintained (NYSE:FSM) - Seeking Alpha — Seeking Alpha Oct 7, 2026 negative
Latest item Oct 21, 2026 · Generated 2026-11-05T11:29:00Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Rating Breakdown
1 floor-breaker·3 ceiling hits
No near-term catalyst priced in. Thesis progression will come from fundamentals grinding, not event reaction.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Hold if already holding. Not a fresh buy at $9.59, but acceptable to hold if already in. Reasons: Sector modifier (Basic Materials): -0.1; Consecutive earnings misses (3). Chart setup: No clear chart pattern; technical signals are mixed. Deep value: 56% margin of safety. Extreme undervaluation. | News modifier -2 (STRONG_BUY_NOW → HOLD_IF_HOLDING) Analyst target $12.32 (+28.5%), stop $8.92 (−7.5%), A.R:R 2.8:1. Score 7.2/10, high confidence.
Analyst target: $12.32 (+28.5% upside). Analyst target $12.32 (+28.5%), stop $8.92 (−7.5%), A.R:R 2.8:1. Stop-loss: $8.92.
Sector modifier (Basic Materials): -0.1; Consecutive earnings misses (3); Negative news sentiment (-0.67).
Fortuna Mining Corp. trades at a P/E of 8.2 (forward 6.2). TrendMatrix value score: 9.7/10. Verdict: Hold.
8 analysts rate FSM, with a consensus score of 3.9/5. 1 analysts publish price targets averaging $15.
What does Fortuna Mining Corp. do?Fortuna Mining Corp. engages in the precious and base metal mining and related activities in Argentina, Côte d'Ivoire,...
Fortuna Mining Corp. engages in the precious and base metal mining and related activities in Argentina, Côte d'Ivoire, Mexico, Peru, and Senegal. The company operates through Mansfield, Sango, and Bateas segments. It operates the Lindero gold mine and the Séguéla gold mine, as well as the Caylloma silver, lead, and zinc mine. The company also holds Bambadji advanced gold exploration project located in Senegal. The company was formerly known as Fortuna Silver Mines Inc. and changed its name to Fortuna Mining Corp. in June 2024. Fortuna Mining Corp. was incorporated in 1990 and is based in Vancouver, Canada.