# Fortuna Mining (FSM) — Analyst Forecast

FSM · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/fsm/forecast

## Analyst consensus

| Consensus | Buy | Hold | Sell | Analysts |
| --- | --- | --- | --- | --- |
| Buy | 4 | 1 | 0 | 5 |

## Recent analyst ratings

| Date | Firm | Action | Rating | Price target |
| --- | --- | --- | --- | --- |
| Jan 26, 2026 | Scotiabank | Maintained | Sector Outperform | $14.00 |
| Nov 24, 2025 | Scotiabank | Upgraded | Sector Perform → Sector Outperform | $11.00 |
| Oct 23, 2025 | Scotiabank | Maintained | Sector Perform | $10.50 |
| Oct 16, 2025 | Scotiabank | Maintained | Sector Perform | $8.50 |
| Aug 6, 2025 | Scotiabank | Maintained | Sector Perform | $8.00 |
| Jul 15, 2025 | CIBC | Maintained | Underperformer | $8.00 |
| Apr 14, 2025 | Scotiabank | Maintained | Sector Perform | $7.00 |
| Jan 15, 2025 | Scotiabank | Maintained | Sector Perform | $6.00 |
| Aug 19, 2024 | Scotiabank | Maintained | Sector Perform | $6.50 |
| May 23, 2024 | Scotiabank | Maintained | Sector Perform | $6.00 |
| Apr 8, 2024 | Scotiabank | Maintained | Sector Perform | $4.75 |
| Mar 12, 2024 | National Bank Financial Inc | Maintained | Sector Perform | $5.00 |
| May 30, 2023 | Scotiabank | Maintained | Sector Perform | $4.25 |
| May 19, 2023 | National Bank Financial Inc | Maintained | Sector Perform | $7.25 |

## Frequently Asked Questions

### Is FSM a buy, sell, or hold?

Analysts covering Fortuna Mining currently average a Buy rating: 4 buy, 1 hold and 0 sell, from 5 analysts. Ratings reflect analyst opinion, not investment advice.

### What is the latest analyst rating on FSM?

On Jan 26, 2026, Scotiabank maintained Fortuna Mining at Sector Outperform with a price target of $14.00.

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Analyst ratings and price targets are the opinions of third-party research firms, not of Light Horse Securities. They are estimates about an uncertain future, are frequently wrong, and are neither a recommendation nor a prediction of actual results.

This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.

Data provided by [AInvest](https://www.ainvest.com).