Deutsche Bank AG Sells 146,039 Shares of Fortuna Mining Corp. $FSM

Deutsche Bank AG decreased its holdings in shares of Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI by 16.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund 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 SEC filing.

Several other hedge funds also recently modified their holdings of FSM. Optiver Holding B.V. acquired a new position in Fortuna Mining in the 4th quarter valued at $26,000. PCG Wealth Advisors LLC bought a new position in shares of Fortuna Mining during the 1st quarter worth about $61,000. TD Waterhouse Canada Inc. lifted its holdings in shares of Fortuna Mining by 24.4% during the 4th quarter. TD Waterhouse Canada Inc. now owns 12,440 shares of the basic materials company's stock worth $53,000 after acquiring an additional 2,440 shares during the period. Dark Forest Capital Management LP acquired a new stake in shares of Fortuna Mining during the 4th quarter worth about $57,000. Finally, Mariner LLC acquired a new stake in shares of Fortuna Mining during the 4th quarter worth about $63,000. Institutional investors and hedge funds own 33.80% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. CIBC raised their price objective 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 cut shares of Fortuna Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Scotiabank raised their price objective 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. National Bankshares restated a "sector perform" rating on shares of Fortuna Mining in a research report on Tuesday, June 24th. Finally, BMO Capital Markets restated an "outperform" rating on shares of Fortuna Mining in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Fortuna Mining presently has a consensus rating of "Hold" and an average price target of $8.00.

Fortuna Mining Trading Up 3.9%

Shares of NYSE:FSM traded up $0.2850 during trading on Friday, hitting $7.6350. 3,586,668 shares of the company's stock were exchanged, compared to its average volume of 14,734,924. Fortuna Mining Corp. has a 1-year low of $4.13 and a 1-year high of $7.60. The firm has a 50-day moving average price of $6.74 and a two-hundred day moving average price of $6.06. The company has a current ratio of 2.71, a quick ratio of 2.15 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.34 billion, a P/E ratio of 15.31 and a beta of 0.85.

Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last issued its quarterly 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). Fortuna Mining had a return on equity of 12.74% and a net margin of 14.36%.The business had revenue of $230.42 million for the quarter, compared to analyst estimates of $220.00 million. Equities analysts predict 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.