FSM Fortuna Mining Corp. Common Shares
NYSE · Metals & Mining · View on SEC EDGAR ↗ close Oct 2, 2026 10-K/10-Q Mar 26, 2026
$11.25
· of 52w range
· above low
· to high
$7.6952w low
$13.8552w high
P/E
10.9
EPS
$0.90
Revenue
$947M
your badges
52W Range
$8–$14
Analyst Rating
BUY
Price Target
$14
P/E
10.9
ROE
18.7%
Net Profit Margin
30.3%
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FSM Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$11.25
P/E
10.9
EPS
$0.90
Revenue
$947M
ROE
18.7%
52W Range
$8–$14
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue$947M2016-12-31 → 2025-12-31
EPS$0.902016-12-31 → 2025-12-31
Net margin30.3%2017-12-31 → 2025-12-31
Valuation & Ratios
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
| Metric | 5Y trend | FSM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| P/E | 10.95Y avg ≈1.4 | ≈1.4 | · | · |
Peer median is calculated on a standardized basis per metric and may not always match the TTM/MRQ basis shown for this stock.
Profitability Gross, operating and net margins; ROE, ROA, ROIC
| Metric | 5Y trend | FSM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Gross Margin | 49.3%5Y avg ≈32.0% | ≈32.0% | · | · | |
| Operating Margin | 43.1%5Y avg ≈14.1% | ≈14.1% | · | · | |
| EBITDA Margin | 43.1%5Y avg ≈32.6% | ≈32.6% | · | · | |
| Pretax Margin | 42.2%5Y avg ≈12.1% | ≈12.1% | · | · | |
| Net Profit Margin | 30.3%5Y avg ≈5.5% | ≈5.5% | · | · | |
| ROA | 12.8%5Y avg ≈2.7% | ≈2.7% | · | · | |
| ROE | 18.7%5Y avg ≈4.0% | ≈4.0% | · | · | |
| ROIC | 17.6%5Y avg ≈4.8% | ≈4.8% | · | · |
Financial Health Debt, liquidity, solvency — balance sheet strength
| Metric | 5Y trend | FSM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Current Ratio | 3.05Y avg ≈2.0 | ≈2.0 | · | · | |
| Quick Ratio | 1.95Y avg ≈1.1 | ≈1.1 | · | · |
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
No data for this ratio group yet
Not enough fundamentals data to compute this ratio group yet.
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
| Metric | 5Y trend | FSM | 5Y avg | Peer Median | Verdict |
|---|---|---|---|---|---|
| Asset Turnover | 0.45Y avg ≈0.4 | ≈0.4 | · | · | |
| Inventory Turnover | 3.75Y avg ≈5.7 | ≈5.7 | · | · | |
| Receivables Turnover | 10.95Y avg ≈10.6 | ≈10.6 | · | · |
value · ≈ 5Y avg · industry median · verdict relative to median
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
-31.8%
| Period | Report | EPS Actual | EPS Est | Surprise |
|---|---|---|---|---|
| June 30, 2026 | $0.24 | $0.38 | -36.9% | |
| March 31, 2026 | $0.35 | $0.39 | -11.1% | |
| Dec. 31, 2025 | $0.07 | $0.25 | -72.7% | |
| Sept. 30, 2025 | $0.15 | $0.21 | -28.9% | |
| June 30, 2025 | $0.14 | $0.21 | -33.2% | |
| March 31, 2025 | $0.20 | $0.22 | -7.9% |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $947M | $677M | $842M | $681M | $600M | $279M | $257M | $263M | $268M | |
| Cost of Revenue | $480M | $444M | $652M | $535M | $394M | $169M | $173M | $167M | $159M | |
| Gross Profit | $467M | $233M | $190M | $147M | $205M | $110M | $85M | $97M | $110M | |
| SG&A Expense | $98M | $68M | $64M | $61M | $45M | $35M | $30M | $26M | $25M | |
| Operating Income | $408M | $156M | $-407.0K | $-114M | $137M | $57M | $34M | $62M | $110M | |
| Interest Expense | · | · | $18M | $9M | $10M | $2M | $857.0K | $1M | $2M | |
| Interest Income | $15M | $4M | $4M | $2M | $2M | $1M | $2M | $3M | $2M | |
| Pretax Income | $400M | $142M | $-11M | $-125M | $107M | $59M | $44M | $67M | $105M | |
| Income Tax | $111M | $51M | $33M | $11M | $48M | $37M | $20M | $33M | $39M | |
| Net Income | $287M | $129M | $-51M | $-128M | $58M | $22M | $24M | $34M | $66M | |
| EPS (Basic) | $0.94 | $0.42 | $-0.17 | $-0.44 | $0.24 | $0.12 | $0.15 | $0.21 | $0.42 | |
| EPS (Diluted) | $0.90 | $0.41 | $-0.17 | $-0.44 | $0.23 | $0.12 | $0.14 | $0.21 | $0.42 | |
| Shares (Basic) | 306,862,000 | 308,885,000 | 295,067,000 | 291,281,000 | 237,998,000 | 174,993,000 | 160,193,000 | 159,785,000 | 158,036,000 | |
| Shares (Diluted) | 334,896,000 | 310,747,000 | 295,067,000 | 291,281,000 | 249,443,000 | 186,073,000 | 164,525,000 | 161,636,000 | 158,312,000 | |
| EBITDA | $408M | $455M | $216M | $58M | $258M | $101M | $79M | $106M | $110M |
Balance Sheet
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $406M | $185M | $106M | $65M | $64M | $52M | $31M | $25M | $80M | |
| Receivables | $74M | $100M | $70M | $68M | $76M | $77M | $48M | $33M | $36M | |
| Inventory | $123M | $134M | $116M | $92M | $86M | $35M | $15M | $14M | $18M | |
| Current Assets | $765M | $486M | $333M | $253M | $281M | $248M | $153M | $219M | $272M | |
| PP&E (Net) | · | · | · | $1.57B | $1.71B | $791M | $376M | $192M | $134M | |
| Total Assets | $2.36B | $2.12B | $1.97B | $1.88B | $2.02B | $1.06B | $936M | $787M | $707M | |
| Accounts Payable | $153M | $152M | $148M | $112M | $134M | $65M | $65M | $49M | $41M | |
| Current Liabilities | $256M | $256M | $244M | $135M | $167M | $96M | $90M | $61M | $61M | |
| Total Liabilities | $625M | $649M | $680M | $588M | $592M | $330M | $301M | $184M | $143M | |
| Retained Earnings | $488M | $216M | $88M | $138M | $267M | $209M | $187M | $163M | $129M | |
| Stockholders' Equity | $1.68B | $1.40B | $1.24B | $1.24B | $1.38B | $726M | $635M | $603M | $564M |
Cash Flow
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| D&A | · | $227M | $216M | $171M | $121M | $42M | $44M | $44M | $42M | |
| Other Non-cash | · | $10M | $131M | $151M | $-32M | $28M | $-5M | $5M | · | |
| Operating Cash Flow | · | $366M | $297M | $194M | $147M | $93M | $60M | $83M | $70M | |
| Investing Cash Flow | · | $-194M | $-217M | $-255M | $-118M | $-114M | $-142M | $-205M | $-39M | |
| Financing Cash Flow | · | $-66M | $-33M | $38M | $-51M | $69M | $75M | $29M | $70M |
Profitability
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 49.3% | 32.4% | 22.6% | 21.5% | 34.2% | 39.5% | 32.9% | 36.7% | 40.9% | |
| Operating Margin | 43.1% | 21.5% | -0.05% | -16.7% | 22.8% | 20.5% | 13.3% | 23.4% | 41.1% | |
| Net Margin | 30.3% | 12.1% | -6.0% | -18.8% | 9.7% | 7.7% | 9.2% | 12.9% | 24.7% | |
| Pretax Margin | 42.2% | 20.0% | -1.3% | -18.4% | 17.9% | 21.1% | 17.1% | 25.6% | 39.1% | |
| EBITDA Margin | 43.1% | 42.8% | 25.6% | 8.5% | 43.0% | 36.2% | 30.5% | 40.3% | 41.1% | |
| ROA | 12.8% | 6.3% | -2.6% | -6.6% | 3.8% | 2.2% | 2.8% | 4.5% | 10.4% | |
| ROE | 18.7% | 9.7% | -4.1% | -9.8% | 5.5% | 3.2% | 3.8% | 5.8% | 13.4% | |
| ROIC | 17.6% | 10.9% | -0.13% | -9.9% | 5.5% | 2.9% | 2.9% | 5.2% | 12.4% |
Liquidity & Solvency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 3.0 | 1.9 | 1.4 | 1.9 | 1.7 | 2.6 | 1.7 | 3.6 | 4.5 | |
| Quick Ratio | 1.9 | 1.1 | 0.7 | 1.0 | 0.8 | 1.3 | 0.9 | 0.9 | 1.9 | |
| Interest Coverage | · | · | -0.0 | -12.8 | 13.4 | 37.9 | 39.9 | 56.4 | 65.9 |
Efficiency
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.4 | 0.5 | 0.4 | 0.3 | 0.4 | 0.3 | 0.3 | 0.4 | 0.4 | |
| Inventory Turnover | 3.7 | 5.7 | 6.3 | 6.0 | 6.5 | 6.7 | 12.0 | 10.4 | 10.1 | |
| Receivables Turnover | 10.9 | 12.5 | 12.2 | 9.4 | 7.8 | 4.5 | 6.4 | 7.6 | 8.7 |
Per Share
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Share | $2.83 | $3.42 | $2.85 | $2.34 | $2.40 | $1.50 | $1.56 | $1.63 | $1.69 | |
| Cash Flow / Share | · | $1.18 | $1.01 | $0.67 | $0.59 | $0.50 | $0.38 | $0.52 | $0.44 | |
| EPS (TTM) | $0.90 | $0.41 | $-0.17 | $-0.44 | $0.23 | $0.12 | $0.14 | $0.21 | $0.42 |
Valuation (TTM)
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $947M | $677M | $842M | $681M | $600M | $279M | $257M | $263M | $268M | |
| Net Income TTM | $287M | $129M | $-51M | $-128M | $58M | $22M | $24M | $34M | $66M | |
| P/E | 10.9 | 10.5 | -22.7 | -8.5 | 17.0 | 68.7 | 29.1 | 17.3 | 12.4 | |
| Earnings Yield | 9.2% | 9.6% | -4.4% | -11.7% | 5.9% | 1.5% | 3.4% | 5.8% | 8.1% |
Per Share
| Metric | Trend | Q4 2016 | Q4 2015 | Q4 2014 | Q4 2013 | Q4 2012 | Q4 2011 |
|---|---|---|---|---|---|---|---|
| EPS (TTM) | $0.13 | · | · | · | · | · |
Valuation (TTM)
| Metric | Trend | Q4 2016 | Q4 2015 | Q4 2014 | Q4 2013 | Q4 2012 | Q4 2011 |
|---|---|---|---|---|---|---|---|
| Revenue TTM | $210M | · | · | · | · | · | |
| Net Income TTM | $18M | · | · | · | · | · | |
| P/E | 43.5 | · | · | · | · | · | |
| Earnings Yield | 2.3% | · | · | · | · | · |
Most recent period on the left · null values shown as ·
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Revenue | $947M | $677M | $842M | $681M | $600M |
| Gross Margin % | 49.3% | 32.4% | 22.6% | 21.5% | 34.2% |
| Operating Margin % | 43.1% | 21.5% | -0.05% | -16.7% | 22.8% |
| Net Income | $287M | $129M | $-51M | $-128M | $58M |
| Diluted EPS | $0.90 | $0.41 | $-0.17 | $-0.44 | $0.23 |
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Current Ratio | 3.0 | 1.9 | 1.4 | 1.9 | 1.7 |
| Quick Ratio | 1.9 | 1.1 | 0.7 | 1.0 | 0.8 |
No data for this statement
Not enough fundamentals data to build this statement yet.
Institutional owners (13F) 274 filers · $1.7B total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Holders
274
Value held
$1.7B
New positions
36
Exited positions
38
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 36 (-21 vs prior Q) | 38 (+11 vs prior Q) | 87 (-2 vs prior Q) | 89 (+3 vs prior Q) | +1.6M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VAN ECK ASSOCIATES CORP | $177,388,011 | 20,986,066 | 10.29% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $127,066,126 | 15,035,452 | 7.37% | Shares |
| Toroso Investments, LLC | $94,831,573 | 9,666,827 | 5.50% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $89,247,782 | 10,562,217 | 5.18% | Shares |
| VANGUARD GROUP INC | $80,892,489 | 8,255,178 | 4.69% | Shares |
| VANGUARD CAPITAL MANAGEMENT LLC | $74,726,174 | 8,839,150 | 4.33% | Shares |
| AMERICAN CENTURY COMPANIES INC | $72,110,819 | 8,530,023 | 4.18% | Shares |
| D. E. Shaw & Co., Inc. | $67,396,125 | 7,976,417 | 3.91% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $55,442,010 | 6,564,537 | 3.22% | Shares |
| MORGAN STANLEY | $44,672,950 | 5,286,739 | 2.59% | Shares |
| BARCLAYS PLC | $44,568,730 | 5,274,406 | 2.58% | Shares |
| TWO SIGMA INVESTMENTS, LP | $44,291,689 | 5,241,620 | 2.57% | Shares |
| NORGES BANK | $34,123,367 | 4,040,366 | 1.98% | Shares |
| BANK OF AMERICA CORP /DE/ | $32,284,722 | 3,820,677 | 1.87% | Shares |
| Invesco Ltd. | $30,136,579 | 3,566,459 | 1.75% | Shares |
| MILLENNIUM MANAGEMENT LLC | $28,187,074 | 3,336,789 | 1.63% | Shares |
| Point72 Asset Management, L.P. | $25,187,057 | 2,980,532 | 1.46% | Shares |
| TORONTO DOMINION BANK | $23,630,327 | 2,797,941 | 1.37% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $22,509,409 | 2,662,575 | 1.31% | Shares |
| GOLDMAN SACHS GROUP INC | $21,929,178 | 2,595,169 | 1.27% | Shares |
| Nuveen, LLC | $20,977,875 | 2,482,269 | 1.22% | Shares |
| BANK OF MONTREAL /CAN/ | $18,327,664 | 2,170,081 | 1.06% | Shares |
| CAUSEWAY CAPITAL MANAGEMENT LLC | $17,634,448 | 2,086,645 | 1.02% | Shares |
| Qube Research & Technologies Ltd | $16,506,156 | 1,953,393 | 0.96% | Shares |
| TD Asset Management Inc | $14,557,673 | 1,722,577 | 0.84% | Shares |
| DAVENPORT & Co LLC | $14,214,022 | 1,688,760 | 0.82% | Shares |
| PICTON MAHONEY ASSET MANAGEMENT | $13,860,985 | 1,643,665 | 0.80% | Shares |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | $12,886,615 | 1,530,000 | 0.75% | Shares |
| Cubist Systematic Strategies, LLC | $12,554,536 | 1,401,371 | 0.73% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $12,501,075 | 1,110,477 | 0.72% | Shares |
| Amundi | $12,040,101 | 1,424,864 | 0.70% | Shares |
| JANE STREET GROUP, LLC | $11,925,180 | 1,411,264 | 0.69% | Shares |
| TWO SIGMA ADVISERS, LP | $11,841,651 | 1,207,100 | 0.69% | Shares |
| JUPITER ASSET MANAGEMENT LTD | $11,047,457 | 1,307,221 | 0.64% | Shares |
| DEUTSCHE BANK AG\ | $10,805,176 | 1,278,719 | 0.63% | Shares |
| Sicart Associates LLC | $9,910,228 | 1,172,808 | 0.57% | Shares |
| Groupe la Francaise | $9,557,091 | 1,130,000 | 0.55% | Shares |
| Trexquant Investment LP | $9,432,929 | 1,116,323 | 0.55% | Shares |
| Hillsdale Investment Management Inc. | $9,256,947 | 1,096,125 | 0.54% | Shares |
| CITADEL ADVISORS LLC | $8,786,691 | 1,039,845 | 0.51% | Shares |
| Vanguard Global Advisers, LLC | $8,543,579 | 1,010,596 | 0.50% | Shares |
| JPMORGAN CHASE & CO | $8,542,597 | 1,020,621 | 0.50% | Shares |
| Man Group plc | $8,229,894 | 973,952 | 0.48% | Shares |
| Legal & General Group Plc | $8,190,273 | 969,298 | 0.47% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $7,768,930 | 919,400 | 0.45% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $7,319,220 | 866,067 | 0.42% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $7,075,942 | 837,310 | 0.41% | Shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | $6,951,071 | 822,612 | 0.40% | Shares |
| MACKENZIE FINANCIAL CORP | $6,516,253 | 543,474 | 0.38% | Shares |
| U S GLOBAL INVESTORS INC | $6,283,344 | 743,591 | 0.36% | Shares |
ETF ownership Held by 13 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| ARGT · Global X Funds | 2.82% | 2,836,383 NS | July 31, 2026 | N-PORT |
| SIL · Global X Funds | 1.92% | 8,997,840 NS | July 31, 2026 | N-PORT |
| GOEX · Global X Funds | 1.64% | 203,258 NS | July 31, 2026 | N-PORT |
| DISV · Dimensional ETF Trust | 0.39% | 2,261,552 NS | July 31, 2026 | N-PORT |
| JIVE · J.P. Morgan Exchange-Traded Fund Tr… | 0.14% | 577,666 NS | July 31, 2026 | N-PORT |
| TLTD · FlexShares Trust | 0.13% | 104,973 NS | July 31, 2026 | N-PORT |
| DXIV · Dimensional ETF Trust | 0.12% | 28,504 NS | July 31, 2026 | N-PORT |
| DFIS · Dimensional ETF Trust | 0.11% | 774,180 NS | July 31, 2026 | N-PORT |
| IGE · iShares Trust | 0.09% | 59,794 SH | Sept. 11, 2026 | Daily |
| DFIC · Dimensional ETF Trust | 0.04% | 648,772 NS | July 31, 2026 | N-PORT |
| DFSI · Dimensional ETF Trust | 0.03% | 44,451 NS | July 31, 2026 | N-PORT |
| DFAI · Dimensional ETF Trust | 0.02% | 482,385 NS | July 31, 2026 | N-PORT |
| DFAX · Dimensional ETF Trust | 0.02% | 298,231 NS | July 31, 2026 | N-PORT |
FSM Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
rating · 8 analysts
BUY
Median target
$14.50
+28.9%
1 12.5%
Strong Buy
5 62.5%
Buy
2 25.0%
Hold
0 0.0%
Sell
0 0.0%
Strong Sell
12-Month Price Target
1 analysts · 2026-10-02Mean target $14.50 +28.9%
Low$14.50
Mean$14.50
High$14.50
Latest News Recent headlines mentioning this company
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Source: SEC 40-F filed Mar 26, 2026