Head-To-Head Review: Almonty Industries (NASDAQ:ALM) versus Fortuna Mining (NYSE:FSM)

Fortuna Mining (NYSE:FSM) and Almonty Industries (NASDAQ:ALM) are both mid-cap materials companies, but which is the superior stock? We will contrast the two businesses based on the strength of their analyst recommendations, dividends, institutional ownership, profitability, risk, valuation and earnings.

Institutional and Insider Ownership

33.8% of Fortuna Mining shares are owned by institutional investors. 1.0% of Fortuna Mining shares are owned by insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a company will outperform the market over the long term.

Profitability

This table compares Fortuna Mining and Almonty Industries’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Fortuna Mining	31.99%	17.48%	12.88%
Almonty Industries	125.89%	9.19%	3.97%

Analyst Ratings

This is a breakdown of recent recommendations and price targets for Fortuna Mining and Almonty Industries, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Fortuna Mining	0	1	4	0	2.80
Almonty Industries	0	2	5	1	2.88

Fortuna Mining currently has a consensus target price of $14.00, indicating a potential upside of 25.50%. Almonty Industries has a consensus target price of $24.21, indicating a potential upside of 83.67%. Given Almonty Industries’ stronger consensus rating and higher probable upside, analysts clearly believe Almonty Industries is more favorable than Fortuna Mining.

Earnings & Valuation

This table compares Fortuna Mining and Almonty Industries”s gross revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Fortuna Mining	$947.06 million	3.49	$287.47 million	$1.18	9.45
Almonty Industries	$85.80 million	44.26	-$115.88 million	$0.16	82.38

Fortuna Mining has higher revenue and earnings than Almonty Industries. Fortuna Mining is trading at a lower price-to-earnings ratio than Almonty Industries, indicating that it is currently the more affordable of the two stocks.

Volatility and Risk

Fortuna Mining has a beta of 1.05, suggesting that its share price is 5% more volatile than the S&P 500. Comparatively, Almonty Industries has a beta of 3.75, suggesting that its share price is 275% more volatile than the S&P 500.

Summary

Almonty Industries beats Fortuna Mining on 8 of the 15 factors compared between the two stocks.

About Fortuna Mining

Fortuna Mining Corp. engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d’Ivoire. The company was formerly known as Fortuna Silver Mines Inc. and changed its name to Fortuna Mining Corp. in June 2024. Fortuna Mining Corp. was incorporated in 1990 and is based in Vancouver, Canada.

About Almonty Industries

Almonty Industries Inc. is a producer of tungsten concentrate. The Company is currently mining, processing and shipping tungsten concentrate from its Panasqueira Mine in Portugal. Almonty Industries Inc. is based in TORONTO.