FSM · NYSE · STOCK
Fortuna Mining (FSM) Stock Analysis
$10.91
52W $7.69 – $13.85
61/100
$3.31B
8.8
2.12
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is FSM Bullish or Bearish?
Bullish.
Innellis AI committee rates Fortuna Mining Corp. (FSM) Buy with a composite score of 61/100
, based on 6 analysts with 67% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +14.07 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -5.93 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. News Analyst sees a compelling case — news sentiment is positive (+0.56 across 9 articles, 14d). Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- P/E of 8.3 is inexpensive for the broad market — Value
- ROE of 22.1% shows genuine earnings power backing the valuation — Value
- EPS growing 116.1% YoY — Growth
- Low leverage (debt-to-equity 0.13) -- balance sheet can absorb a shock — Risk
- News sentiment is positive (+0.56 across 9 articles, 14d) — News
Bear Case
- 4 consecutive earnings misses -- execution concerns — Growth
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
- Bollinger bandwidth of 16.9% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
61/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 23%
of 99 Basic Materials peers
Value Analyst
bullish
70
/ 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 8.3 is inexpensive for the broad market
Growth Analyst
neutral
45
/ 100 · High confidence
Moderate growth -- present but not remarkable
+ EPS growing 116.1% YoY
− 4 consecutive earnings misses -- execution concerns
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Risk Analyst
bullish
62
/ 100 · Moderate confidence
Risk profile is manageable -- leverage, volatility, and event exposure all look contained
+ Low leverage (debt-to-equity 0.13) -- balance sheet can absorb a shock
− Bollinger bandwidth of 16.9% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
76
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.56 across 9 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 60.9 to 60.9.
- New bearish signals: 1 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Risk Analyst: +1 bearish signal(s).
- Value Analyst: +1 bullish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
44.7
Neutral
MACD Histogram
-0.133
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$8.39
Resistance
$11.24
Bollinger %B
0.26
Inside Bands
Price vs Moving Averages
EMA 9
$10.98
Below
EMA 21
$11.26
Below
EMA 50
$11.06
Below
EMA 200
$10.03
Above
Fundamental Analysis
Valuation
98
Growth
19
Profitability
96
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
8.8×
P/B Ratio
1.86×
PEG Ratio
0.06
Dividend Yield
0.00%
52W High
$13.85
52W Low
$7.69
Quality & Growth
ROE
1804.9%
ROA
1251.1%
Gross Margin
5712.3%
Operating Margin
5246.4%
Revenue Growth YoY
—
Debt / Equity
0.13
AI Fundamental Assessment
P/E ratio of 8.8 (inexpensive relative to a 15-40x range); Price-to-book of 1.9x; PEG ratio of 0.1 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 18.0%; Return on assets of 12.5%; Net margin of 32.0%; Gross margin of 57.1%; Current ratio of 3.00 (healthy short-term liquidity); Debt-to-equity of 0.13; Free cash flow per share is positive (1.38); Most recent quarter missed estimates by 36.9%; 4 consecutive earnings misses; EPS growth decelerating (+414.7% -> -31.4% QoQ); Analyst estimates rising over recent quarters
Get the Full FSM Analysis
Interactive charts · Live committee votes · Trade plan · Paper trading · AI Q&A
Open in Terminal →