Reading the tape
NYSE: FSM
Fortuna Mining Corp.
Basic Materials · Other Precious Metals
Market Cap
$2.89B
52w High
$13.85
52w Low
$5.23
P/E
9.94
Volume
2.73M
Outstanding Shares
304.56M
Price vs Fundamentals
Why The Stock Is Moving
Fundamentals are supporting the moveModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: 59.33%Revenue (TTM): 11.74%FCF (TTM): 55.52%P/FCF: 21st pct
What changed
The stock rose 59.33% over the last year. Revenue grew 11.74% over the trailing twelve months. Operating margin moved from 21.9% to 43.25%. Free cash flow grew 55.52% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 21st percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 43.25%. Revenue grew 11.74% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Fortuna Silver Mines Inc. engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire.
CEOJorge A. Ganoza Durant
SectorBasic Materials
IndustryOther Precious Metals
Employees4,961
IPO dateJan 8, 2007
Valuation
Forward P/E—
EV/EBITDA4.81
Enterprise value$2.72B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth-9.98%
Gross margin48.1%▲50.66%vs FY2024
Operating margin43.25%▲79.39%vs FY2024
ROE18.05%▲96.82%vs FY2024
Analyst consensus
RatingBuy
Target price$14.00▲47.68%
4
Buy
1
Hold
1
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 6, 2026
Q2 FY26 · EPS est $0.37 · Revenue est $340M
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