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Fortuna Mining upgraded to "hold" by CIBC, shares rise after earnings miss.
Fortuna Mining (NYSE: FSM) received a rating upgrade from CIBC Capital Markets, moving from “strong sell” to “hold,” on February 7, 2026.
The company, operating in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire, focuses on silver, lead, zinc, and gold mining, with its flagship Séguéla gold mine in Côte d’Ivoire.
The stock rose $0.66 to $10.41, with trading volume below average.
Fortuna reported Q3 earnings of $0.15 per share, missing estimates by $0.08, while revenue of $246.75 million slightly exceeded forecasts.
The consensus analyst rating remains “moderate buy” with a target price of $11.00.
The company has a market cap of $3.19 billion, a debt-to-equity ratio of 0.11, and analysts project $0.51 in earnings per share for the year.
Fortuna Mining fue ascendida a "hold" por CIBC, las acciones suben después de que las ganancias fallaran.