73,000 Shares in Fortuna Mining Corp. (NYSE:FSM) Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 73,000 shares of the basic materials company's stock, valued at approximately $445,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Fortuna Mining by 10.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 8,402,119 shares of the basic materials company's stock valued at $36,043,000 after purchasing an additional 796,364 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in shares of Fortuna Mining by 17.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 8,340,195 shares of the basic materials company's stock worth $35,779,000 after buying an additional 1,219,864 shares in the last quarter. Tidal Investments LLC increased its stake in shares of Fortuna Mining by 40.3% in the 4th quarter. Tidal Investments LLC now owns 7,542,803 shares of the basic materials company's stock valued at $32,359,000 after acquiring an additional 2,165,430 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Fortuna Mining by 15.3% during the 4th quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company's stock valued at $21,625,000 after acquiring an additional 668,590 shares during the period. Finally, Mackenzie Financial Corp lifted its position in shares of Fortuna Mining by 224.6% during the 4th quarter. Mackenzie Financial Corp now owns 4,720,375 shares of the basic materials company's stock valued at $20,240,000 after acquiring an additional 3,266,096 shares during the period. Institutional investors and hedge funds own 33.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on FSM shares. Scotiabank raised their price target on shares of Fortuna Mining from $6.00 to $7.00 and gave the stock a "sector perform" rating in a report on Monday, April 14th. National Bank Financial upgraded Fortuna Mining to a "hold" rating in a research note on Friday, March 21st. Finally, National Bankshares reaffirmed a "sector perform" rating on shares of Fortuna Mining in a research note on Tuesday, June 24th. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $7.00.

Fortuna Mining Stock Up 2.7%

Shares of Fortuna Mining stock traded up $0.18 during trading hours on Monday, reaching $6.79. The company's stock had a trading volume of 14,423,058 shares, compared to its average volume of 11,234,221. The company has a market capitalization of $2.08 billion, a P/E ratio of 13.31 and a beta of 0.94. The stock's fifty day simple moving average is $6.27 and its two-hundred day simple moving average is $5.54. Fortuna Mining Corp. has a one year low of $3.86 and a one year high of $7.55. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.56 and a current ratio of 2.04.

Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last announced its quarterly earnings results on Wednesday, May 7th. The basic materials company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $290.15 million during the quarter, compared to the consensus estimate of $291.00 million. Fortuna Mining had a net margin of 14.28% and a return on equity of 12.94%. On average, research analysts forecast that Fortuna Mining Corp. will post 0.51 earnings per share for the current year.

Fortuna Mining Profile

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.