Update shared on25 Sep 2025
Fair value Increased 6.09%The upward revision in Fortuna Mining’s price target primarily reflects a substantial increase in its future P/E multiple, despite only a modest improvement in forecast revenue growth, resulting in a new consensus price target of CA$10.52.
What's in the News
- Fortuna Mining advanced a $19 million exploration program across Cote d'Ivoire, Mexico, and Argentina, highlighted by drilling at the Arizaro deposit near Lindero (32.4 Mt at 0.37 g/t Au, 389,000 oz); new breccia-hosted mineralization identified and multiple drill holes returned encouraging gold-copper intercepts.
- The company reported strong infill drill results from the Kingfisher and Sunbird deposits at the Seguela Mine, Cote d'Ivoire, with several broad, high-grade gold intersections including up to 9.4 g/t Au over 17.0 meters and 4.5 g/t Au over 37.4 meters.
- At the Diamba Sud Gold Project in Senegal, Fortuna released an updated resource estimate (724,000 oz Indicated, up 53%; 285,000 oz Inferred, up 93%) and initiated a Preliminary Economic Analysis, with continued drilling targeting further resource upgrades and expansions.
- Consolidated gold production in Q2 2025 reached 61,736 ounces (71,229 GEO), with first-half 2025 output at 179,409 GEO; annual GEO guidance reiterated in the range of 309,000–339,000 ounces.
- The company recorded $2 million in mineral property write-offs for Q2 2025; recent share buyback tranches involved no repurchases, with total buybacks to date amounting to 7.3 million shares ($34.8 million).
Valuation Changes
Summary of Valuation Changes for Fortuna Mining
- The Consensus Analyst Price Target has risen from CA$9.92 to CA$10.52.
- The Future P/E for Fortuna Mining has significantly risen from 10.65x to 15.62x.
- The Consensus Revenue Growth forecasts for Fortuna Mining has risen from -4.5% per annum to -4.1% per annum.
Disclaimer
AnalystConsensusTarget is a tool utilizing a Large Language Model (LLM) that ingests data on consensus price targets, forecasted revenue and earnings figures, as well as the transcripts of earnings calls to produce qualitative analysis. The narratives produced by AnalystConsensusTarget are general in nature and are based solely on analyst data and publicly-available material published by the respective companies. These scenarios are not indicative of the company's future performance and are exploratory in nature. Simply Wall St has no position in the company(s) mentioned. Simply Wall St may provide the securities issuer or related entities with website advertising services for a fee, on an arm's length basis. These relationships have no impact on the way we conduct our business, the content we host, or how our content is served to users. The price targets and estimates used are consensus data, and do not constitute a recommendation to buy or sell any stock, and they do not take account of your objectives, or your financial situation. Note that AnalystConsensusTarget's analysis may not factor in the latest price-sensitive company announcements or qualitative material.