Want to see TSE:FVI full AI Analyst Report?
Top Page
Fortuna Mining Corp
(TSX:FVI)
Select Model
Select Model
Rating:71Outperform
Price Target:
C$15.00
▼(-12.79% Downside)
Action:Reiterated
Date:10/08/26
Overall score is driven by strong financial performance (high margins, solid free cash flow, and low leverage) and supportive valuation (low P/E). These positives are tempered by weaker near-term technicals, with the stock trading below key short-term moving averages and subdued momentum indicators.
Positive Factors
Strong Profitability
The return to strong profitability, combined with high gross and net margins, indicates improved earnings power and operating performance. If maintained, this provides internal funding for sustaining capital, exploration, and mine development while strengthening resilience through the next several quarters.
Negative Factors
Inconsistent Revenue Growth
The sharp change from strong growth to an annual revenue decline demonstrates that Fortuna’s top-line performance is not yet consistently expanding. Uneven revenue can complicate production planning, capital allocation, and the durability of earnings over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Profitability
The return to strong profitability, combined with high gross and net margins, indicates improved earnings power and operating performance. If maintained, this provides internal funding for sustaining capital, exploration, and mine development while strengthening resilience through the next several quarters.
Read all positive factors
Fortuna Mining Corp (FVI) vs. iShares MSCI Canada ETF (EWC)
Market Cap
C$3.98B
Dividend YieldN/A
Average Volume (3M)744.56K
Price to Earnings (P/E)7.8
Beta (1Y)2.60
Revenue Growth6.47%
EPS Growth126.03%
CountryCA
Employees4,961
SectorBasic Materials
Sector Strength58
IndustryGold
Share Statistics
EPS (TTM)N/A
Shares Outstanding295,957,400
10 Day Avg. Volume891,334
30 Day Avg. Volume744,558
Financial Highlights & Ratios
PEG Ratio0.07
Price to Book (P/B)1.80
Price to Sales (P/S)3.13
P/FCF Ratio10.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
C$20.39Price Target Upside18.54% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Fortuna Mining Corp Business Overview & Revenue Model
Company Description
Fortuna Silver Mines Inc. functions as a mining enterprise dedicated to the discovery, exploration, and extraction of both precious and base metal deposits. Its operational footprint extends across Argentina, Burkina Faso, Mexico, Peru, and Côte d...
How the Company Makes Money
Fortuna primarily makes money by extracting ore from its mines, processing it to produce payable metal (typically doré bars containing gold and/or silver, and/or concentrates where applicable), and selling that metal to third parties. The company’...
Fortuna Mining Corp Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
83
Very Positive
Cash Flow
79
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.18B | 960.06M | 1.06B | 842.43M | 681.49M | 599.85M |
| Gross Profit | 676.49M | 467.98M | 343.61M | 190.03M | 146.80M | 205.48M |
| EBITDA | 813.88M | 566.40M | 471.21M | 230.79M | 59.05M | 242.05M |
| Net Income | 379.21M | 302.13M | 128.74M | -50.84M | -135.91M | 57.88M |
Balance Sheet | ||||||
| Total Assets | 2.50B | 2.41B | 2.12B | 1.97B | 1.88B | 2.02B |
| Cash, Cash Equivalents and Short-Term Investments | 614.38M | 559.72M | 231.33M | 128.15M | 80.57M | 107.51M |
| Total Debt | 234.17M | 211.30M | 194.01M | 264.25M | 240.52M | 186.89M |
| Total Liabilities | 678.36M | 682.72M | 649.46M | 679.74M | 587.53M | 592.35M |
| Stockholders Equity | 1.77B | 1.67B | 1.40B | 1.24B | 1.24B | 1.38B |
Cash Flow | ||||||
| Free Cash Flow | 416.45M | 294.41M | 161.90M | 79.59M | -56.99M | -5.15M |
| Operating Cash Flow | 622.85M | 475.53M | 365.68M | 296.91M | 194.25M | 147.14M |
| Investing Cash Flow | -214.23M | -91.71M | -194.44M | -216.88M | -255.33M | -118.50M |
| Financing Cash Flow | -178.31M | -61.67M | -66.14M | -32.72M | 38.47M | -51.42M |
Fortuna Mining Corp Technical Analysis
Negative
17.20
Price Trends
15.85
Negative
14.22
Negative
14.34
Negative
Market Momentum
-0.70
Positive
36.89
Neutral
27.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TSE:FVI, the sentiment is Negative. The current price of 17.2 is above the 20-day moving average (MA) of 14.72, above the 50-day MA of 15.85, and above the 200-day MA of 14.34, indicating a bearish trend. The MACD of -0.70 indicates Positive momentum. The RSI at 36.89 is Neutral, neither overbought nor oversold. The STOCH value of 27.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for TSE:FVI.
Fortuna Mining Corp Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | C$5.09B | 32.36 | 25.26% | ― | 264.86% | ― | |
71 Outperform | C$3.98B | 7.78 | 22.20% | ― | 6.47% | 126.03% | |
71 Outperform | C$745.04M | 4.47 | 43.72% | ― | 62.75% | 181.92% | |
70 Outperform | C$977.37M | 16.30 | 21.53% | ― | 38.31% | -37.20% | |
63 Neutral | C$2.66B | 65.38 | 3.54% | 0.29% | 59.20% | -44.71% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
TSE:FVI
Fortuna Mining Corp
13.46
2.25
20.07%
TSE:SVM
Silvercorp Metals
12.03
3.22
36.47%
TSE:AYA
Aya Gold & Silver
35.33
20.59
139.69%
TSE:SCZ
Santacruz Silver Mining
10.51
2.51
31.37%
TSE:APM
Andean Precious Metals
5.00
-1.46
-22.60%
Fortuna Mining Corp Corporate Events
Business Operations and StrategyFinancial Disclosures
Fortuna Mining Sets November Dates for Q3 2026 Results and Investor Call
Positive
Oct 22, 2026
Fortuna Mining Corp., a Canadian precious metals producer with mines in Argentina, Côte d’Ivoire, and Peru and a development-stage gold project in Senegal, continues to expand its exploration footprint in Guinea and Guyana. The company ...
Business Operations and Strategy
Fortuna Mining Extends High-Grade Gold Zones at Diamba Sud and Ramps Up Drilling at Bambadji in Senegal
Positive
Oct 20, 2026
Fortuna Mining reported strong exploration results from reverse circulation and diamond drilling at the Southern Arc and Kassasoko deposits within its Diamba Sud Gold Project in Senegal, including a notable intersection of 7.8 grams per tonne of g...
Business Operations and Strategy
Fortuna Extends Gold Mineralization Below Pit at Lindero Mine
Positive
Oct 20, 2026
Fortuna Mining Corp. has reported encouraging infill drill results from the Lindero Mine in Argentina, confirming that gold mineralization extends significantly below the current reserve pit design. Key holes, including LDH-272 with 0.96 g/t gold ...
Business Operations and StrategyM&A Transactions
Fortuna Mining Buys Bambadji Gold Project in Senegal for $200 Million
Positive
Aug 10, 2026
Fortuna Mining Corp. has acquired the 190 km² Bambadji advanced gold exploration project in Senegal from Barrick and IAMGOLD for US$200 million, consolidating about 60 kilometers of prospective strike along the Senegal-Mali Shear Zone next to...
Business Operations and StrategyStock BuybackFinancial Disclosures
Fortuna Mining Posts Strong Q2 as Cash-Fueled Growth Pushes Output Expansion
Positive
Aug 6, 2026
Fortuna Mining Corp reported a strong second quarter of 2026, generating $85.7 million in free cash flow from ongoing operations and $200.8 million in adjusted EBITDA, despite lower gold prices and higher taxes compressing earnings. Liquidity reac...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.