NYSE: FSM

Fortuna Mining (FSM) Stock Analysis & Forecast

Oct 12 close

$10.76−0.16 (−1.5%)

Gekko Brief

AI summaryOct 12 close

Fortuna Mining's week centers on third-quarter production and a growth announcement. The company reported Q3 gold-equivalent production of 69,665 ounces, down 3.9% sequentially, while maintaining full-year guidance of 281,000-305,000 ounces. Alongside the results, the board approved a $109 million expansion of the Séguéla processing plant, targeting over 200,000 gold ounces annually from mid-2028. Separately, shares were noted to have crossed above the 200-day moving average earlier in the week, trading as high as $11.28.

FSM closes at $10.76, down 1.5%, sitting between its 50-day average of $11.36 and its 200-day average of $10.33. Over the past month the stock is down 10.3%, though it remains up 26.4% over three months and 20.2% over the past year. The GekkoIndex reads 61.8, placing the stock in the Accumulation zone, down slightly from five sessions earlier. Gekko Fair Value stands at $10.97, putting the current price 1.9% below that mark.

Earnings are scheduled for 4 November 2026, 23 days away and inside a typical 20-trading-day holding window; the prior report on 5 August 2026 showed EPS of $0.24 against a $0.29 estimate, with a 5.6% reaction, and the company has beaten estimates in 3 of the last 8 quarters, with an average absolute reaction of 7.6%. No insider, Congress or unusual options activity appears in the respective 90-day and 30-day windows. Seasonally, the next 20 trading days have averaged a 6.3% gain over 5 years, rising in 4 of them, a pattern worth noting given the upcoming earnings date.

Written by AI from the Oct 12, 2026 close and checked automatically against the figures on this page.

Fortuna Mining price vs fair value

$10.97$10.76Oct ’25Apr ’26Oct ’26
Close $10.76200-day averageGekko Fair Value $10.97

Fortuna Mining quick facts

Market cap
$3.26B
P/E ratio
9.1
Forward P/E
6.9
EPS, TTM
$1.17
Revenue, TTM
$1.18B
Profit margin
32%
Dividend yield
—
Beta
2.18
Volume
1.85M avg 5.27M
1-year return
+20.2%
Typical daily move
±4.1%
Typical 20-day move
±10%
50-day average
$11.36
200-day average
$10.33
Next earnings
Nov 4
Shares outstanding
296.0M
52-week range
$7.69$13.85

Fortuna Mining swing-trade checklist

Fortuna Mining scores 2 supportive, 2 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

2 supportive2 mixed1 headwind

  • Trendmixed

    Averages disagree

    Close $10.76 sits between the 50-day ($11.36) and 200-day ($10.33) averages, or the averages disagree.

    See the chart
  • GekkoIndexsupportive

    61.8, Accumulation

    Reading 61.8 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuemixed

    1.9% below

    Price is within 5% of Gekko Fair Value (1.9% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings riskheadwind

    Reports in 23 days

    Reports on Nov 4, 2026, 23 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +6.3% on average

    From this point in the calendar, the next 20 trading days averaged +6.3% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Fortuna Mining stock chart and price history

Fortuna Mining closed at $10.76 on Oct 12, 2026, +20.2% over the past year, inside a 52-week range of $7.69 to $13.85.

Close50-day average200-day averageVolume
Fortuna Mining share price, past year, with 50-day and 200-day moving averages and volume$6$8$10$12$14NovDecJan 2026FebMarAprMayJunJulAugSepOct10.76

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−10.3%
3 months
+26.4%
6 months
+3.1%
1 year
+20.2%
The full FSM chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open FSM in Gekko

Follow Fortuna Mining through every session

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About Fortuna Mining

Fortuna Mining sources, explores for, and extracts precious and base metals, with silver, gold, lead, and zinc among the materials it brings out of the ground. Its work spans five countries, giving it a spread of mining sites rather than a single operation to point to. Among its properties are the Caylloma mine in southern Peru, the San Jose mine in southern Mexico, the Lindero project in Argentina, the Yaramoko mine in Burkina Faso, and the Séguéla mine in Côte d'Ivoire.

Each site tends to focus on a particular mix of metals, such as Caylloma's output of silver alongside lead and zinc, or San Jose's combination of silver and gold, giving the company revenue tied to several metals and locations rather than one.

The company traces back to 1990, when it was established as Fortuna Ventures Inc., taking its current name in June 2005. It is headquartered in Vancouver, Canada, and its shares are listed on the NYSE under the ticker FSM.

Listed
NYSE
Sector
Non-energy minerals
Industry
Precious metals
Website
fortunamining.com

Fortuna Mining GekkoIndex: the smart money zone

Fortuna Mining’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 61.8, in the Accumulation zone, down 1.1 points over five sessions.

010061.8Accumulation

Down 1.1 points over five sessions.

Reading for Oct 12, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying21+1.0%+2.0%+1.5%+45.1%
Accumulation (current zone)214+2.1%+5.1%+9.3%+17.4%
Neutral391+1.1%+1.8%+3.7%+9.8%
Distribution55−0.9%−1.7%−0.6%+1.5%
Selling1Too few readings yet

Average FSM share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.2% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the FSM price, zone by zone.Track FSM in Gekko

Is Fortuna Mining stock overvalued? Gekko Fair Value

Fortuna Mining trades 1.9% below Gekko Fair Value of $10.97, so the shares are about fair value on Gekko’s estimate.

Gekko’s own estimate of what Fortuna Mining shares are worth, recalculated every trading day.

$10.97

Gekko Fair Value, Oct 10, 2026

1.9% below fair value · About fair value

At the end of Aug 2026 the price was 38.9% above the estimate.

Gekko Fair ValueShare price, month end
$11$11Aug 2026SepOct 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open FSM in Gekko

Fortuna Mining insider and Congress trading

No open-market insider purchases were filed for Fortuna Mining, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for FSM in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every FSM insider filing, plotted on the chart in Gekko.Open FSM in Gekko

Congress trades last 90 days

No trades in FSM were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for FSM, plotted on the chart in Gekko.Open FSM in Gekko

Buybacks

Fortuna Mining has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$82.13M
As a share of market cap
2.52%
Trailing four quarters
$112.8M

From company filings.

Fortuna Mining earnings: next date and track record

Fortuna Mining reports on Nov 4, 2026 (23 days away), and beat the EPS estimate in 3 of its last 8 reports.

3 of 8reports beat the EPS estimate
±7.6%average move across the report
6 of 8reports followed by a gain

Share-price move across each report

+2.1%Nov ’24+8.2%Mar ’25−14.4%May ’25−10.4%Aug ’25+1.8%Nov ’25+5.3%Feb ’26+13.2%May ’26+5.6%Aug ’26
ReportedEPSSurpriseRevenueSurpriseMove
Aug 5, 2026$0.24
est $0.29
−17.2%$318.4M
est $325.0M
−2.0%+5.6%
May 6, 2026$0.35
est $0.38
−7.1%$342.5M
est $340.0M
+0.7%+13.2%
Feb 18, 2026$0.22
est $0.07
+214.3%$270.2M
est $264.9M
+2.0%+5.3%
Nov 5, 2025$0.15
est $0.26
−42.0%$251.4M
est $247.3M
+1.6%+1.8%
Aug 6, 2025$0.13
est $0.09
+44.4%$230.4M
est $245.3M
−6.1%−10.4%
May 7, 2025$0.20
est $0.21
−6.5%$290.1M
est $291.4M
−0.4%−14.4%
Mar 5, 2025$0.12
est $0.19
−37.7%$302.2M
est $267.0M
+13.2%+8.2%
Nov 7, 2024$0.17
est $0.12
+41.7%$274.9M
est $266.0M
+3.4%+2.1%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Fortuna Mining stock forecast and analyst price targets

Analysts’ average 12-month price target for Fortuna Mining is $14.50, +34.8% from the last close.

$14.50consensus 12-month target, +34.8% from the last close
+9.3%average 20-day move after past Accumulation readings
+6.3%average move over the next 20 trading days in the last 5 years
±4.1%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Fortuna Mining seasonality: the next 20 trading days

Over the next 20 trading days from Oct 10, Fortuna Mining averaged +6.3% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

+25.1%2021+7.6%2022+2.1%2023+1.9%2024−7.5%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+2.8%3 of 5
Next 10 trading days+7.6%4 of 5
Next 15 trading days+5.6%3 of 5
Next 20 trading days+6.3%4 of 5
Next 30 trading days+9.1%3 of 5

For scale, FSM’s typical 20-trading-day move in either direction is about 10%.

Fortuna Mining market cap and key statistics

Fortuna Mining’s market cap is $3.26B, with a P/E ratio of 9.1 and revenue of $1.18B over the last twelve months.

Valuation

Market cap
$3.26B
P/E ratio
9.1
Forward P/E
6.9
EPS, TTM
$1.17
Gekko Fair Value
$10.97

Trading

Volume
1.85M
Avg volume, 20 days
5.27M
52-week high
$13.85
52-week low
$7.69
Shares outstanding
296.0M

Financials

Revenue, TTM
$1.18B
Profit margin
32%
Return on equity
24.1%
Quarterly earnings growth, YoY
+101.4%

Risk and income

Beta
2.18
Typical daily move
±4.1%
Typical 20-day move
±10%

Fortuna Mining peers

Fortuna Mining’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
NEMNewmont+0.5%Accumulation7.3% above
AEMAgnico Eagle Mines+0.7%Accumulation7.0% below
BBarrick Mining+0.4%Neutral4.8% above
WPMWheaton Precious Metals+0.8%Accumulation5.3% above
FNVFranco-Nevada+1.0%Neutral1.3% above
KGCKinross Gold+0.6%Accumulation3.8% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Fortuna Mining stock FAQ

What is Fortuna Mining’s market cap?

Fortuna Mining’s market cap is $3.26B at the Oct 12, 2026 close of $10.76, with 296.0M shares outstanding. The shares trade on a P/E ratio of 9.1.

What is the Fortuna Mining stock forecast?

The consensus analyst 12-month price target for Fortuna Mining is $14.50, +34.8% from the last close. Gekko doesn’t publish price predictions of its own.

Is Fortuna Mining stock overvalued or undervalued?

On Gekko’s estimate Fortuna Mining is about fair value: the Oct 12, 2026 close of $10.76 is 1.9% below Gekko Fair Value of $10.97. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Fortuna Mining report earnings next?

Fortuna Mining is expected to report on Nov 4, 2026 (23 days away). Analysts expect earnings of $0.36 per share on revenue of $289.8M. Fortuna Mining beat the earnings estimate in 3 of its last 8 reports, moving 7.6% on average across the report.

What is Fortuna Mining’s 52-week high and low?

Fortuna Mining’s 52-week high is $13.85 and its 52-week low is $7.69; it closed at $10.76 on Oct 12, 2026, +20.2% over the past year.

Is Fortuna Mining stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 2 of the 5 items with data read as supportive (gekkoindex and seasonality), 2 as mixed (trend and fair value) and 1 as a headwind (earnings risk). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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