Fortuna Mining (FSM) Q3 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 · Editorial policy
Key numbers
- Adjusted EPS
- $0.16
- Estimate
- $0.14
- Surprise
- +9.8%
- Revenue (period 2026-09-30)
- $293.4M
- Score at report (before → after)
- 7.2 → 7.0/10
Revenue source: yfinance_provisional (provisional — SEC XBRL not yet filed for this period).
How the report landed
Fortuna Mining (FSM) beat the $0.14 estimate with adjusted EPS of $0.16 — a clear 9.8% upside surprise. TrendMatrix's engine moved from Hold (7.2/10) to Buy (Wait) at 7.0/10 after the report — the engine's score fell despite the beat.
Where TrendMatrix's rating stands now
TrendMatrix currently rates FSM Buy (Wait) at 7.1/10.
1 of the last 4 quarters beat the estimate; this quarter's +9.8% surprise compares with a -3.4% four-quarter average. Next scheduled report: 2027-02-17.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=9.0 in RISK_OFF)
- Strong overall score: 7.1/10
What argues against it
- Sector modifier (Basic Materials): -0.1
- Consecutive earnings misses (2)
- Elevated risk factors
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
- $9.62
- Entry target
- $8.86
- Price target
- $12.32
- Stop
- $8.36
- Upside to target
- +28.1%
- Reward-to-risk
- 2.7:1
The stock trades at 10.1× trailing but 6.3× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-11-07 — 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
- $2.85B
- P/E (fwd)
- 6.3
- P/E (ttm)
- 10.1
- 52-week range
- $7.86–$13.85
- Off 52-week high
- 30.5%
- RSI (14)
- 38
- Volume vs avg
- 1.02×
- Score today
- 7.1/10