Deutsche Bank AG lowered its stake in shares of Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI by 16.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 737,954 shares of the basic materials company's stock after selling 146,039 shares during the quarter. Deutsche Bank AG owned approximately 0.24% of Fortuna Mining worth $4,502,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in Fortuna Mining by 10.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 8,402,119 shares of the basic materials company's stock worth $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% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 8,340,195 shares of the basic materials company's stock valued at $35,779,000 after buying an additional 1,219,864 shares during the period. Tidal Investments LLC boosted its holdings 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 buying an additional 2,165,430 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of Fortuna Mining by 224.6% in 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 buying an additional 3,266,096 shares during the period. Finally, TD Asset Management Inc boosted its holdings in shares of Fortuna Mining by 137.8% in the 1st quarter. TD Asset Management Inc now owns 2,063,851 shares of the basic materials company's stock valued at $12,547,000 after buying an additional 1,195,890 shares during the period. Institutional investors and hedge funds own 33.80% of the company's stock.
Fortuna Mining Price Performance
NYSE FSM traded up $0.1450 during trading hours on Wednesday, reaching $7.0750. 11,903,727 shares of the company's stock were exchanged, compared to its average volume of 14,844,092. The stock has a market cap of $2.17 billion, a PE ratio of 14.15 and a beta of 0.85. Fortuna Mining Corp. has a one year low of $4.13 and a one year high of $7.55. The firm has a fifty day moving average of $6.72 and a 200-day moving average of $6.04. The company has a current ratio of 2.71, a quick ratio of 2.15 and a debt-to-equity ratio of 0.13.
Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last announced its earnings results on Wednesday, August 6th. The basic materials company reported $0.14 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.08). The business had revenue of $230.42 million for the quarter, compared to the consensus estimate of $220.00 million. Fortuna Mining had a return on equity of 12.74% and a net margin of 14.36%. On average, equities research analysts predict that Fortuna Mining Corp. will post 0.51 earnings per share for the current fiscal year.
Analysts Set New Price Targets
FSM has been the subject of a number of research reports. CIBC lifted their target price on Fortuna Mining from $7.00 to $8.00 and gave the company an "underperformer" rating in a research note on Tuesday, July 15th. National Bankshares restated a "sector perform" rating on shares of Fortuna Mining in a report on Tuesday, June 24th. Zacks Research downgraded Fortuna Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, August 15th. Scotiabank increased their target price on shares of Fortuna Mining from $7.50 to $8.00 and gave the stock a "sector perform" rating in a research report on Wednesday, August 6th. Finally, Wall Street Zen lowered shares of Fortuna Mining from a "strong-buy" rating to a "hold" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $8.00.
View Our Latest Analysis on Fortuna Mining
About Fortuna Mining
(
Free Report)
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.
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