Scotiabank keeps USD 14.50 target for Fortuna Mining stock

Published on 10/15/2026 at 21:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 318.41 million on August 5, 2026, below USD 325.00 million expected. Fortuna Mining stock costs EUR 9.33 on October 15, 2026.

Analyst target and market position

Scotiabank maintained a USD 14.50 target on October 14, 2026.
Second-quarter revenue reached USD 318.41 million on August 5, 2026, below USD 325.00 million expected.
Fortuna Mining stock costs EUR 9.33 at Lang & Schwarz on October 15, 2026 at 9:08 p.m. CEST.
The price-to-earnings ratio was 8.87 as of October 15, 2026.

FSM, CA3499421020, Illustration mit AI erstellt.

Fortuna Mining Corp. (CA3499421020) has a USD 14.50 price target from Scotiabank, which maintained its Buy rating on October 14, 2026. The target is 38.36 percent above the NYSE price of USD 10.48. Markets Insider reported the analyst update. Fortuna Mining stock was trading at EUR 9.33 at Lang & Schwarz on October 15, 2026 at 9:08 p.m. CEST.

Revenue remains below expectations

Fortuna reported USD 318.41 million in second-quarter revenue on August 5, 2026, against a USD 325.00 million consensus estimate. The quarterly result therefore came in USD 6.59 million below expectations. The same report put earnings per share at USD 0.24 versus a USD 0.29 consensus estimate. MarketBeat published those figures.

Price position and trading range

On the NYSE, Fortuna Mining was last at USD 10.48 on October 15, 2026 at 3:13 p.m. ET, up 3.05 percent from the prior close. The stock's 52-week range was USD 7.69 to USD 13.85, placing the NYSE price 24.33 percent below its high and 36.28 percent above its low. Trading volume reached 2,102,851 shares against an average of 5,450,407.

Valuation and market size

Fortuna Mining had a market capitalization of USD 3.1 billion and a price-to-earnings ratio of 8.87 as of October 15, 2026. The company operates precious-metals mines and projects in Argentina, Burkina Faso, Côte d'Ivoire, Mexico and Peru. Its portfolio is centered on gold, with silver, lead and zinc also contributing to production.

Comparison with peers

FSM: daily change 3.05 percent, P/E 8.87, market capitalization USD 3.1 billion.
Gold.com (NYSE, USD): daily change 2.12 percent, P/E 13.09, market capitalization USD 1.2 billion.
Pan American Silver (NYSE, USD): daily change 2.85 percent, P/E 13.14, market capitalization USD 18.1 billion.

Price and investor perspective

The distance to the 52-week high leaves the share below its annual peak, while the Scotiabank target remains materially above the NYSE quotation. The next valuation discussion will likely weigh production execution against the earnings shortfall recorded for the second quarter.

Fortuna Mining stock was trading at EUR 9.33 at Lang & Schwarz on October 15, 2026 at 9:08 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Fortuna Mining stock.