Contrasting Mako Mining (NASDAQ:MAKO) and Fortuna Mining (NYSE:FSM)

Fortuna Mining (NYSE:FSM) and Mako Mining (NASDAQ:MAKO) are both materials companies, but which is the superior business? We will compare the two businesses based on the strength of their institutional ownership, dividends, valuation, risk, analyst recommendations, earnings and profitability.

Insider and Institutional Ownership

33.8% of Fortuna Mining shares are owned by institutional investors. 1.0% of Fortuna Mining shares are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.

Profitability

This table compares Fortuna Mining and Mako Mining’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Fortuna Mining	24.70%	17.19%	12.61%
Mako Mining	25.11%	34.25%	22.57%

Analyst Ratings

This is a summary of recent ratings for Fortuna Mining and Mako Mining, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Fortuna Mining	0	1	4	0	2.80
Mako Mining	0	1	1	0	2.50

Fortuna Mining currently has a consensus target price of $14.00, suggesting a potential upside of 46.92%. Given Fortuna Mining’s stronger consensus rating and higher possible upside, analysts plainly believe Fortuna Mining is more favorable than Mako Mining.

Earnings & Valuation

This table compares Fortuna Mining and Mako Mining”s gross revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Fortuna Mining	$947.06 million	2.98	$287.47 million	$0.96	9.93
Mako Mining	$148.47 million	4.71	$33.74 million	$0.41	19.44

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

Summary

Fortuna Mining beats Mako Mining on 8 of the 13 factors compared between the two stocks.

About Fortuna Mining

Fortuna Mining Corp. is a precious metals mining company focused on the exploration, development and operation of mines. Its production includes gold, silver, lead and zinc. The company operates mines in Argentina, Burkina Faso, Côte d’Ivoire and Peru. Its assets include the Lindero gold mine in Argentina, the Yaramoko gold mine in Burkina Faso, the Séguéla gold mine in Côte d’Ivoire and the Caylloma silver, lead and zinc mine in Peru. Founded as Fortuna Silver Mines, the company adopted the Fortuna Mining name in 2024 as its business expanded beyond silver.

About Mako Mining

Mako Mining is a Canadian gold mining and exploration company focused on developing and operating gold assets in the Americas. Its activities include mining, processing and selling gold, as well as exploring for additional mineral resources. The company’s principal operating asset is the San Albino mine and related concessions in northern Nicaragua. Mako also owns the Eagle Mountain gold project in Guyana, which it is advancing through exploration and development work. Mako was formed in 2019 through the combination of Marlin Gold Mining and Golden Reign Resources.