Fintel reports that on November 24, 2025, Scotiabank upgraded their outlook for Fortuna Mining (NYSE:FSM) from Sector Perform to Sector Outperform.
Analyst Price Forecast Suggests 10.14% Upside
As of November 17, 2025, the average one-year price target for Fortuna Mining is $9.06/share. The forecasts range from a low of $6.47 to a high of $10.99. The average price target represents an increase of 10.14% from its latest reported closing price of $8.23 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Fortuna Mining is 648MM, a decrease of 48.47%. The projected annual non-GAAP EPS is 0.51.
What is the Fund Sentiment?
There are 304 funds or institutions reporting positions in Fortuna Mining. This is an increase of 21 owner(s) or 7.42% in the last quarter. Average portfolio weight of all funds dedicated to FSM is 0.20%, an increase of 7.85%. Total shares owned by institutions increased in the last three months by 7.26% to 256,430K shares. 
The put/call ratio of FSM is 0.25, indicating a bullish outlook.
What are Other Shareholders Doing?
Van Eck Associates holds 29,281K shares representing 9.54% ownership of the company. In its prior filing, the firm reported owning 20,402K shares , representing an increase of 30.32%. The firm increased its portfolio allocation in FSM by 42.97% over the last quarter.
Arrowstreet Capital, Limited Partnership holds 19,530K shares representing 6.36% ownership of the company. In its prior filing, the firm reported owning 10,823K shares , representing an increase of 44.58%. The firm increased its portfolio allocation in FSM by 120.21% over the last quarter.
MIRAE ASSET GLOBAL ETFS HOLDINGS holds 13,707K shares representing 4.47% ownership of the company. In its prior filing, the firm reported owning 9,927K shares , representing an increase of 27.58%. The firm decreased its portfolio allocation in FSM by 30.88% over the last quarter.
Acadian Asset Management holds 11,673K shares representing 3.80% ownership of the company. In its prior filing, the firm reported owning 7,021K shares , representing an increase of 39.85%. The firm increased its portfolio allocation in FSM by 92.81% over the last quarter.
GDX - VanEck Vectors Gold Miners ETF holds 9,347K shares representing 3.04% ownership of the company. In its prior filing, the firm reported owning 11,003K shares , representing a decrease of 17.73%. The firm decreased its portfolio allocation in FSM by 12.82% over the last quarter.
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