Fortuna Mining (FSM) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.24
- Estimate
- $0.29
- Surprise
- -18.4%
- Score at report (before → after)
- 7.0 → 7.2/10
Revenue for this quarter isn’t shown: the reported figure hasn’t cleared TrendMatrix’s freshness and sanity checks yet, and consensus revenue isn’t tracked. EPS above is the available figure.
How the report landed
Fortuna Mining (FSM) missed the $0.29 estimate with diluted EPS of $0.24 — a large 18.4% shortfall. TrendMatrix's engine moved from Buy (Wait) (7.0/10) to Hold at 7.2/10 after the report — the engine's score rose despite the miss.
Where TrendMatrix's rating stands now
TrendMatrix currently rates FSM Hold at 6.8/10.
0 of the last 4 quarters beat the estimate; this quarter's -18.4% surprise compares with a -7.9% four-quarter average. Next scheduled report: 2026-11-04.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=9.0 in RISK_OFF)
- High-quality business
What argues against it
- Analyst target reached - limited upside remaining
- Sector modifier (Basic Materials): -0.1
- Consecutive earnings misses (3)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $12.32
- Price target
- $14.56
- Stop
- $11.77
- Upside to target
- +18.2%
The stock trades at 10.6× trailing but 7.2× forward earnings — consensus estimates already build in a substantial earnings recovery.
Risk check: RSI 71 — a level conventionally read as overbought; gains at these levels often lean on momentum.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
FSM at TrendMatrix's latest read
Materials producers report against the commodity cycle — realized-price capture and volume, not the EPS line, are the tells in a quarter like this.
- Industry
- Gold
- Market cap
- $3.75B
- P/E (fwd)
- 7.2
- P/E (ttm)
- 10.6
- 52-week range
- $7.59–$13.85
- Off 52-week high
- 11.0%
- RSI (14)
- 71
- Volume vs avg
- 0.76×
- Score today
- 6.8/10