# Fortuna Mining Corp. (FSM)

> Source: Nexqual · https://nexqual.com/FSM · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Fortuna Mining Corp. (FSM), nexqual.com/FSM" · informational, not investment advice.

**Price:** USD 9.52 (-7.93% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 10.34 · day 9.48–10.01 · 52w 7.7–13.85 · market cap $2.82B · NYQ

## Key facts
- 1 of 80 tracked superinvestors hold FSM (13F, Q2 2026): 0 new, 1 added, 0 reduced, 0 unchanged.
- Analysts: Buy (mean 1.75 on a 1–5 scale) (4 analysts), mean target USD 14.5 (range 14.5–14.5).
- Total return with dividends: 1Y +16.0% vs S&P 500 +14.9%; 5Y +93.9% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.17, revenue estimate $0K.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold FSM. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Sarah Ketterer | Causeway Capital Management | 0.19% | $17.6M | Added +66.8% |

## Analysts
Consensus Buy (mean 1.75 on a 1–5 scale), 4 analysts; mean target USD 14.5 (low 14.5, high 14.5).

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +16.0% | +93.9% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +16.0% | +14.1% |
| Volatility (annualized) | 58.0% | 56.8% |
| Max drawdown | -41.2% (Feb 2026→Jul 2026) | -57.8% (Nov 2021→Sep 2022) |

## Peers (Gold)
AAUC (Allied Gold Corporation) USD 19.83 -3.88% · NG (Novagold Resources Inc.) USD 6.24 -4.15% · ARIS (Aris Mining Corporation) USD 15.65 -8.10% · CGAU (Centerra Gold Inc.) USD 20.5 -6.99% · OGC (OceanaGold Corporation) USD 25.27 -5.53% · SSRM (SSR Mining Inc.) USD 29.2 -7.18%

## More
Full page: https://nexqual.com/FSM · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.17 | $0.46 | -63.4% | $0 | 4 |
| Next quarter (ends 2026-12-31) | $0.32 | $0.49 | -35.4% | $0 | 3 |
| Current fiscal year (ends 2026-12-31) | $1.11 | $1.48 | -24.9% | $756.6M | 4 |
| Next fiscal year (ends 2027-12-31) | $1.54 | $1.63 | -5.7% | $0 | 4 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-11-20 (includes earnings 2026-11-04): ±12.6%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 52.1% | ±12.6% |
| 2026-12-18 | 56 | 47.4% | ±15.8% |
| 2027-01-15 | 84 | 51.4% | ±20.5% |
| 2027-03-19 | 147 | 51.7% | ±27.0% |
| 2027-06-17 | 237 | 54.5% | ±35.7% |