Realta Investment Advisors Acquires Shares of 66,500 Fortuna Mining Corp. (NYSE:FSM)

Realta Investment Advisors bought a new position in Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI during the first quarter, according to its most recent disclosure with the SEC. The firm bought 66,500 shares of the basic materials company's stock, valued at approximately $406,000.

Other institutional investors also recently bought and sold shares of the company. Optiver Holding B.V. bought a new position in Fortuna Mining in the 4th quarter worth $26,000. Bank of Nova Scotia bought a new position in Fortuna Mining in the 4th quarter worth $46,000. TD Waterhouse Canada Inc. raised its holdings in Fortuna Mining by 24.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 12,440 shares of the basic materials company's stock valued at $53,000 after acquiring an additional 2,440 shares during the period. Dark Forest Capital Management LP bought a new stake in Fortuna Mining during the fourth quarter valued at about $57,000. Finally, Mariner LLC bought a new stake in Fortuna Mining during the fourth quarter valued at about $63,000. 33.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on FSM shares. Scotiabank raised their price target on Fortuna Mining from $6.00 to $7.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. National Bank Financial raised Fortuna Mining to a "hold" rating in a report on Friday, March 21st. Finally, National Bankshares reissued a "sector perform" rating on shares of Fortuna Mining in a report on Tuesday, June 24th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $7.00.

Fortuna Mining Price Performance

Shares of Fortuna Mining stock traded up $0.26 during trading on Friday, reaching $6.92. 15,817,276 shares of the stock traded hands, compared to its average volume of 11,380,171. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 13.57 and a beta of 0.94. The business has a fifty day simple moving average of $6.33 and a two-hundred day simple moving average of $5.60. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.04 and a quick ratio of 1.56. Fortuna Mining Corp. has a 52-week low of $3.86 and a 52-week high of $7.55.

Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last issued its quarterly earnings data on Wednesday, May 7th. The basic materials company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.01). The firm had revenue of $290.15 million for the quarter, compared to analysts' expectations of $291.00 million. Fortuna Mining had a net margin of 14.28% and a return on equity of 12.94%. Sell-side analysts expect that Fortuna Mining Corp. will post 0.51 EPS for the current year.

About Fortuna Mining

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.