FSM trades 50.7% below Wall Street's consensus target of $14.50.
Last 12 months price action with 12-month analyst target path
The base valuation assumes FSM achieves its forward estimates and maintains a stable P/E multiple of 9.0x. This scenario reflects the blended consensus of 6 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
As of November 8, 2026, Fortuna Mining Corp. (FSM) has a Wall Street consensus price target of $14.50, based on estimates from 6 covering analysts. With the stock currently trading at $9.62, this represents a potential upside of +50.7%. The company has a market capitalization of $2.91B.
Analyst price targets range from a low of $14.50 to a high of $14.50, representing a 0% spread in expectations. The median target of $14.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 4 analysts rating the stock as a Buy or Strong Buy,1 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, FSM trades at a trailing P/E of 10.3x and forward P/E of 9.0x. The forward PEG ratio of 0.18 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow -6.9% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $10.66, with bear and bull scenarios of $6.71 and $14.04 respectively. Model confidence stands at 44/100, suggesting limited visibility into future performance.
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 EXKEndeavour Silver Corp. | $2.3B | $7.84 | $17.00 | +116.8% | Buy | 11.4x | 14 |
 HLHecla Mining Company | $9.9B | $14.74 | $21.50 | +45.9% | Hold | 20.5x | 26 |
 CDECoeur Mining, Inc. | $15.9B | $15.47 | $21.50 | +39.0% | Buy | 16.1x | 21 |
 PAASPan American Silver Corp. | $17.3B | $41.17 | $62.50 | +51.8% | Buy | 12.5x | 25 |
 AGFirst Majestic Silver Corp. | $7.5B | $15.16 | $24.00 | +58.3% | Hold | 17.7x | 11 |
 MUXMcEwen Mining Inc. | $925M | $15.48 | $29.50 | +90.6% | Buy | 15.3x | 7 |
 AEMAgnico Eagle Mines Limited | $97.0B | $191.57 | $216.17 | +12.8% | Buy | 16.6x | 31 |
 KGCKinross Gold Corporation | $26.6B | $22.24 | $35.60 | +60.1% | Buy | 9.0x | 29 |
 IAGIamgold Corporation | $10.8B | $18.76 | $22.75 | +21.3% | Buy | 9.5x | 31 |
 OROR Royalties Inc. | $6.8B | $36.22 | $40.33 | +11.3% | Buy | 19.7x | 9 |
Quick answers to the most common questions about buying FSM stock.
The consensus Wall Street price target for FSM is $14.5, representing 50.7% upside from the current price of $9.62. With 6 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
FSM has a consensus rating of "Buy" based on 6 Wall Street analysts. The rating breakdown is predominantly bullish, with 4 Buy/Strong Buy ratings. The consensus 12-month price target of $14.5 implies 50.7% upside from current levels.
With a forward P/E of 8.9555x, FSM trades at a relatively low valuation. The consensus target of $14.5 implies 50.7% appreciation, suggesting meaningful undervaluation.
The most bullish Wall Street analyst has a price target of $14.5 for FSM, while the most conservative target is $14.5. The consensus of $14.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $14 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
FSM is moderately covered, with 6 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 4 have Buy ratings, 1 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month FSM stock forecast based on 6 Wall Street analysts shows a consensus price target of $14.5, with estimates ranging from $14.5 (bear case) to $14.5 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $11, with bear/bull scenarios of $7/$14.
Our quantitative valuation model calculates FSM's fair value at $11 (base case), with a bear case of $7 and bull case of $14. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 44/100.
FSM trades at a forward P/E ratio of 9.0x based on next-twelve-months earnings estimates compared to a trailing P/E of 10.3x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Wall Street analysts are very optimistic on FSM, with a "Buy" consensus rating and $14.5 price target (50.7% upside). 4 of 6 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
FSM analyst price targets range from $14.5 to $14.5, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $14.5 consensus represents the middle ground. Our model's $7-$14 range provides an independent fundamental perspective.
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.