FSM

Fortuna Mining Corp.

Basic Materials · $3.4B market cap

Verdict

Share price

$11.25

close of Oct 3, 2026

Fair value

$8.54

Sticker Price

Payback Price

$3.42

buy price

Overpriced

FSM is Overpriced: at $11.25 it trades 32% above its fair value of $8.54. Its buy price (Payback Price) is $3.42, 70% below today's price. Business quality is solid: 3 of 5 key numbers clear the 10% bar.

How we valued it

Free Cash Flow. Sales grew 12% a year over the last 3 years, below the 15% we look for in a fast grower, so we value it on its free cash flow instead of an earnings forecast.

Business quality

3 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth17.7% a year✓
Equity per share growth9.1% a year✗
Sales growth18.0% a year✓
Free cash flow growth90.6% a year✓
Return on invested capital6.8%✗

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Superinvestors

1 of the investors we track holds FSM. In Q2 2026, 1 added. Who we track

Moves in Q2 2026

Added: Sarah Ketterer

About Fortuna Mining Corp.

Fortuna Silver Mines Inc. specializes in the procurement, prospecting, and mining of precious and base metals. The company conducts its operations across five countries: Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. Its portfolio comprises several key properties, such as the Caylloma mine in southern Peru, which produces silver, lead, and zinc; the San Jose silver and gold mine located in southern…

Gold

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works