Public Employees Retirement System of Ohio Grows Stock Holdings in Fortuna Mining Corp. $FSM

Public Employees Retirement System of Ohio lifted its position in shares of Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI by 19.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 769,736 shares of the basic materials company's stock after purchasing an additional 124,687 shares during the period. Public Employees Retirement System of Ohio owned 0.25% of Fortuna Mining worth $5,145,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of FSM. Farther Finance Advisors LLC bought a new position in Fortuna Mining in the second quarter worth about $42,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Fortuna Mining by 189.0% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 840,496 shares of the basic materials company's stock worth $5,127,000 after buying an additional 549,665 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Fortuna Mining by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 8,368,272 shares of the basic materials company's stock worth $51,046,000 after buying an additional 1,368,600 shares in the last quarter. NewEdge Advisors LLC raised its stake in Fortuna Mining by 0.9% in the first quarter. NewEdge Advisors LLC now owns 383,400 shares of the basic materials company's stock worth $2,339,000 after buying an additional 3,600 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Fortuna Mining by 11.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,372,171 shares of the basic materials company's stock worth $50,899,000 after buying an additional 859,398 shares in the last quarter. Hedge funds and other institutional investors own 33.80% of the company's stock.

Fortuna Mining Stock Up 0.1%

Shares of Fortuna Mining stock opened at $8.68 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.15 and a current ratio of 2.71. The stock has a market capitalization of $2.66 billion, a PE ratio of 17.35 and a beta of 0.85. Fortuna Mining Corp. has a 52-week low of $4.13 and a 52-week high of $8.92. The company has a 50-day simple moving average of $7.47 and a two-hundred day simple moving average of $6.66.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. CIBC increased their price target on shares of Fortuna Mining from $7.00 to $8.00 and gave the stock an "underperformer" rating in a research note on Tuesday, July 15th. BMO Capital Markets reissued an "outperform" rating on shares of Fortuna Mining in a research report on Friday, August 8th. Scotiabank lifted their price target 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. Zacks Research cut shares of Fortuna Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 15th. Finally, National Bankshares reissued a "sector perform" rating on shares of Fortuna Mining in a research report on Tuesday, June 24th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Fortuna Mining presently has an average 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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