Fortuna Mining Corp. Common Shares (FSM)

FairStock Score: 85/100 — HIGH CONVICTION

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I look first for a durable business at a sensible price. Fortuna Mining is a precious and base metals miner operating in Argentina, Côte d'Ivoire, Mexico, Peru, and Senegal. That makes it largely a price-taker: gold and silver prices set revenue, and any real edge would come from low-cost, long-life mines. The numbers I was given show a profitable enterprise. In fiscal Q2 2026, revenue was $318.4M and net income was $75.5M, a 23.71% net margin. FairStock's calculations show ROE of 24.15%, ROCE of 16.80%, and a debt-to-equity ratio of only 0.13, so the balance sheet looks conservative. Free cash flow over the trailing twelve months was $612.7M, a 19.8% FCF yield on the $3.1B market cap. At the 2026-10-13 close of $10.58, FairStock's P/E is 8.89, P/B is 1.77, and EV/EBITDA is 3.34. FairStock's Graham Number is $12.64, offering about 16.3% margin of safety. FairStock's Altman Z-Score of 3.69 suggests low financial distress. But the Piotroski F-Score is 4/9, and beta is 2.21, so the stock is volatile and accounting quality is mixed. FairStock's Lynch category is none, because only 0 years of filed annual results are available, which limits historical confidence. Without cost, reserve, and mine-life details, I cannot call the moat wide. This looks like a statistically cheap, cash-generative miner with commodity-price risk and no dividend yield given. I would watch metal prices, quarterly costs, and production updates before concluding the value is durable.

In plain English: Fortuna Mining is a gold and silver mining company with operations in several countries. In its latest reported quarter, fiscal Q2 2026, it earned $75.5 million on $318.4 million of revenue, showing a profitable business with low debt. At the recent price of $10.58 as of the 2026-10-13 close, the shares look reasonably cheap compared with the company's profits and assets, but mining stocks can swing sharply with metal prices.

The full AI analysis, bull and bear case and key monitorables are in FairStock Pro.

Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer