Scotiabank keeps USD 14.50 target for Fortuna Mining stock
Published on 10/17/2026 at 22:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and company figures
- Scotiabank maintained a USD 14.50 target on October 14, 2026.
- Second-quarter revenue was USD 318.41 million against USD 325.00 million expected.
- Fortuna Mining stock costs USD 10.71 at 4:00 p.m. ET on October 16, 2026, up 1.61 percent on the NYSE.
- Fortuna Mining is scheduled to report earnings on November 4, 2026.
Scotiabank maintained its Buy rating and a USD 14.50 price target for Fortuna Mining Corp. on October 14, 2026, according to Markets Insider. The target stood 35.39 percent above the USD 10.71 share price. Fortuna Mining stock was last quoted at USD 10.71 on the NYSE on October 16, 2026, at 4:00 p.m. ET, up 1.61 percent from the USD 10.54 prior close.
Revenue reached USD 318.41 million
Fortuna Mining reported USD 318.41 million in revenue for the second quarter ended June 30, 2026, compared with USD 325.00 million expected. Net income reached USD 75.50 million in the same quarter, versus USD 37.31 million a year earlier, according to MarketBeat.
The revenue result was 2.00 percent below the stated expectation, while net income was 102.36 percent above the year-earlier figure. The company operates gold and silver mines across Latin America and West Africa.
Stock remains below its yearly high
Fortuna Mining's NYSE price stood 22.67 percent below its 52-week high of USD 13.85 and 39.27 percent above its 52-week low of USD 7.69 on October 16, 2026. The stock's market capitalization was USD 3.2 billion, with a price-to-earnings ratio of 9.08.
The latest reported quarter also included USD 123.75 million in operating cash flow. That figure gives the valuation discussion a cash-generation measure alongside earnings and revenue.
Valuation and reporting date
Scotiabank's USD 14.50 target was higher than the five-firm consensus target of USD 14.00 reported by MarketBeat on October 12, 2026. Fortuna Mining is scheduled to report earnings on November 4, 2026, according to Yahoo Finance.
Comparison with peers
Fortuna Mining (NYSE, USD): plus 1.61 percent, P/E 9.08, market capitalization USD 3.2 billion
Pan American Silver (NYSE, USD): plus 1.01 percent, P/E 13.36, market capitalization USD 18.3 billion
Hecla Mining (NYSE, USD): minus 1.67 percent, P/E 31.22, market capitalization USD 10.3 billion
Price and trading position
Fortuna Mining's 52-week range places the October 16, 2026 price closer to the low than the high, while the 9.08 price-to-earnings ratio remains below both listed peers. The next scheduled reporting date is November 4, 2026.
Fortuna Mining stock last stood at USD 10.71 on the NYSE on October 16, 2026 at 4:00 p.m. ET, up 1.61 percent versus the prior close of USD 10.54.
Fortuna Mining stock at a glance
- Company: Fortuna Mining Corp.
- ISIN: CA3499421020
- Ticker: FSM
- Primary exchange: NYSE
- Price at NYSE (as of October 16, 2026, 4:00 p.m. ET): USD 10.71
- Change versus prior close: plus 1.61 percent
- Market capitalization: USD 3.2 billion (as of October 16, 2026)
- 52-week range: USD 7.69-13.85 (as of October 16, 2026)
- Sector / Industry: Basic Materials / Gold
- Next earnings date: November 4, 2026
Market context: Market report S&P 500.
