Amundi Cuts Stock Position in Fortuna Mining Corp. $FSM

Amundi decreased its stake in shares of Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI by 8.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,101,188 shares of the basic materials company's stock after selling 297,447 shares during the quarter. Amundi owned approximately 1.01% of Fortuna Mining worth $18,886,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. PDT Partners LLC bought a new stake in Fortuna Mining during the 1st quarter valued at about $1,545,000. Cubist Systematic Strategies LLC lifted its holdings in Fortuna Mining by 424.0% during the 1st quarter. Cubist Systematic Strategies LLC now owns 2,083,146 shares of the basic materials company's stock valued at $12,706,000 after buying an additional 1,685,634 shares in the last quarter. Royal Bank of Canada lifted its holdings in Fortuna Mining by 98.8% during the 1st quarter. Royal Bank of Canada now owns 1,159,522 shares of the basic materials company's stock valued at $7,074,000 after buying an additional 576,264 shares in the last quarter. Quarry LP bought a new stake in Fortuna Mining during the 1st quarter valued at about $82,000. Finally, Vident Advisory LLC lifted its holdings in Fortuna Mining by 11.5% during the 1st quarter. Vident Advisory LLC now owns 208,130 shares of the basic materials company's stock valued at $1,270,000 after buying an additional 21,427 shares in the last quarter. Institutional investors own 33.80% of the company's stock.

Fortuna Mining Stock Down 0.8%

NYSE FSM traded down $0.07 during trading on Friday, reaching $8.37. 22,464,749 shares of the company's stock traded hands, compared to its average volume of 15,005,080. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.71 and a quick ratio of 2.15. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 16.73 and a beta of 0.85. The company's 50 day simple moving average is $7.09 and its two-hundred day simple moving average is $6.38. Fortuna Mining Corp. has a 12-month low of $4.13 and a 12-month high of $8.64.

Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.08). Fortuna Mining had a return on equity of 12.74% and a net margin of 14.36%.The firm had revenue of $230.42 million during the quarter, compared to analysts' expectations of $220.00 million. As a group, sell-side analysts forecast that Fortuna Mining Corp. will post 0.51 EPS for the current fiscal year.

Analysts Set New Price Targets

FSM has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of Fortuna Mining from a "strong-buy" rating to a "hold" rating in a report on Saturday, August 9th. BMO Capital Markets reiterated an "outperform" rating on shares of Fortuna Mining in a report on Friday, August 8th. CIBC raised their target price on shares of Fortuna Mining from $7.00 to $8.00 and gave the company an "underperformer" rating in a research report on Tuesday, July 15th. Zacks Research downgraded shares of Fortuna Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Finally, Scotiabank raised their target price on shares of Fortuna Mining from $7.50 to $8.00 and gave the company a "sector perform" rating in a research report on Wednesday, August 6th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $8.00.

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.