Fortuna Mining Corp's stock price fell by 5.56% during regular trading, crossing below the 20-day SMA. This decline occurs in the context of mixed market performance, with the Nasdaq-100 down 0.23% and the S&P 500 remaining flat.
The drop in Fortuna's stock price is attributed to broad market weakness, as indicated by the overall performance of the Nasdaq-100. Despite the mixed signals from the broader market, Fortuna's movement suggests a sector rotation, where investors may be shifting their focus away from silver mining stocks.
This decline raises concerns about investor sentiment towards Fortuna Mining Corp, especially in light of the broader market trends. The company's performance may be influenced by ongoing developments in the silver sector, which could affect future trading activity.
Wall Street analysts forecast FSM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FSM is 9.59 USD with a low forecast of 6.48 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
4 Analyst Rating
Wall Street analysts forecast FSM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for FSM is 9.59 USD with a low forecast of 6.48 USD and a high forecast of 11.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
3 Buy
0 Hold
1 Sell
Moderate Buy
Current: 11.870
Low
6.48
Averages
9.59
High
11.00
Current: 11.870
Low
6.48
Averages
9.59
High
11.00
Scotiabank
Eric Winmill
Outperform
maintain
$11 -> $14
2026-01-26
New
Reason
Scotiabank
Eric Winmill
Price Target
$11 -> $14
AI Analysis
2026-01-26
New
maintain
Outperform
Reason
Scotiabank analyst Eric Winmill raised the firm's price target on Fortuna Mining to $14 from $11 and keeps an Outperform rating on the shares. The firm is updating its price targets for Gold & Precious Minerals stocks under its coverage, the analyst tells investors. The firm has increased both gold and silver forecasts, supported by economic and geopolitical uncertainty as well as strong central bank buying.
BMO Capital
Kevin O'Halloran
Outperform
maintain
$15 -> $17
2026-01-16
Reason
BMO Capital
Kevin O'Halloran
Price Target
$15 -> $17
2026-01-16
maintain
Outperform
Reason
BMO Capital analyst Kevin O'Halloran raised the firm's price target on Fortuna Mining to C$17 from C$15 and keeps an Outperform rating on the shares.
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Scotiabank
Eric Winmill
Sector Perform -> Outperform
upgrade
$11
2025-11-24
Reason
Scotiabank
Eric Winmill
Price Target
$11
2025-11-24
upgrade
Sector Perform -> Outperform
Reason
Scotiabank analyst Eric Winmill upgraded Fortuna Mining to Outperform from Sector Perform with a price target of $11, up from $10.50, following a site visit to the company's flagship Seguela Mine in Cote d'Ivoire. The visit showcased the growth plan for the asset and exploration potential together with a discussion on Fortuna's next growth project, Diamba Sud in Senegal, says the analyst, who sees "a catalyst-rich outlook in the coming quarters."
National Bank
Sector Perform -> Outperform
upgrade
$15
2025-11-24
Reason
National Bank
Price Target
$15
2025-11-24
upgrade
Sector Perform -> Outperform
Reason
National Bank upgraded Fortuna Mining to Outperform from Sector Perform with a C$15 price target.
About FSM
Fortuna Mining Corp. is a Canadian precious metals mining company. The Company's mines include Seguela Mine, Lindero Mine and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 kilometers (kms) from Abidjan, via highways to the regional city of Seguela. The Seguela Mine in Cote d’Ivoire consists of the Antenna, Koula, Agouti, Boulder, Ancien, and Sunbird deposits, which may be mined via open-pit methods. Within a total land package of 62,000 hectares, there are more than 30 highly prospective targets. The Lindero Mine is an open pit mine, which is located in Salta, Argentina and includes gold porphyry deposits. The Caylloma Mine is located in the Caylloma District of Arequipa, Peru, which produces silver, gold, zinc, and lead. The site is 4,500 meters above sea level and includes the mine, a processing plant, and related infrastructure. The Company's Diamba Sud project is located in Senegal.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
