Kiker Wealth Management LLC Raises Stock Holdings in Fortuna Mining Corp. $FSM

Key Points

• Kiker Wealth Management LLC significantly increased its holdings in Fortuna Mining Corp. by 4,200.3%, acquiring a total of 30,102 shares valued at approximately $197,000.
• Fortuna Mining reported earnings of $0.14 per share in its latest quarter, missing analysts' expectations of $0.22, despite revenue exceeding estimates at $230.42 million.
• Equity analysts have generally rated Fortuna Mining as a "hold," with price targets ranging from $7.00 to $8.00, reflecting a mix of bullish and bearish sentiment regarding its stock performance.

Kiker Wealth Management LLC raised its position in Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI by 4,200.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,102 shares of the basic materials company's stock after buying an additional 29,402 shares during the quarter. Kiker Wealth Management LLC's holdings in Fortuna Mining were worth $197,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Klein Pavlis & Peasley Financial Inc. lifted its stake in Fortuna Mining by 2.4% in the second quarter. Klein Pavlis & Peasley Financial Inc. now owns 122,877 shares of the basic materials company's stock valued at $804,000 after buying an additional 2,887 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Fortuna Mining by 0.9% during the first quarter. NewEdge Advisors LLC now owns 383,400 shares of the basic materials company's stock worth $2,339,000 after purchasing an additional 3,600 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of Fortuna Mining during the second quarter worth approximately $42,000. Virtus Advisers LLC purchased a new stake in shares of Fortuna Mining during the first quarter worth approximately $58,000. Finally, PCG Wealth Advisors LLC purchased a new stake in shares of Fortuna Mining during the first quarter worth approximately $61,000. Hedge funds and other institutional investors own 33.80% of the company's stock.

Fortuna Mining Trading Up 2.5%

Shares of FSM stock opened at $9.08 on Tuesday. The business's fifty day moving average price is $7.92 and its 200 day moving average price is $6.87. Fortuna Mining Corp. has a 1-year low of $4.13 and a 1-year high of $9.59. The firm has a market capitalization of $2.79 billion, a PE ratio of 18.15 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.71 and a quick ratio of 2.15.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Zacks Research cut Fortuna Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. CIBC upped their price target on Fortuna Mining from $7.00 to $8.00 and gave the stock an "underperformer" rating in a research note on Tuesday, July 15th. Scotiabank upped their price objective on Fortuna Mining from $7.50 to $8.00 and gave the stock a "sector perform" rating in a report on Wednesday, August 6th. Wall Street Zen raised Fortuna Mining from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Fortuna Mining in a report on Saturday, September 27th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $8.00.

Fortuna Mining Company 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.

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