SG Americas Securities LLC Acquires 156,043 Shares of Fortuna Mining Corp. (NYSE:FSM)

SG Americas Securities LLC increased its stake in shares of Fortuna Mining Corp. (NYSE:FSM - Free Report) TSE: FVI by 702.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 178,250 shares of the basic materials company's stock after acquiring an additional 156,043 shares during the period. SG Americas Securities LLC owned about 0.06% of Fortuna Mining worth $1,087,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in FSM. Dimensional Fund Advisors LP raised its position in Fortuna Mining by 10.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 8,402,119 shares of the basic materials company's stock valued at $36,043,000 after buying an additional 796,364 shares during the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Fortuna Mining by 17.1% in the fourth 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 purchasing an additional 1,219,864 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Fortuna Mining by 40.3% in the fourth quarter. Tidal Investments LLC now owns 7,542,803 shares of the basic materials company's stock worth $32,359,000 after purchasing an additional 2,165,430 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Fortuna Mining by 15.3% in the fourth quarter. American Century Companies Inc. now owns 5,038,830 shares of the basic materials company's stock worth $21,625,000 after purchasing an additional 668,590 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Fortuna Mining by 224.6% during the fourth quarter. Mackenzie Financial Corp now owns 4,720,375 shares of the basic materials company's stock worth $20,240,000 after purchasing an additional 3,266,096 shares during the last quarter. 33.80% of the stock is owned by institutional investors.

Fortuna Mining Stock Down 1.6%

Shares of NYSE:FSM traded down $0.11 during trading on Friday, hitting $6.65. 15,538,728 shares of the company were exchanged, compared to its average volume of 10,944,382. Fortuna Mining Corp. has a fifty-two week low of $3.86 and a fifty-two week high of $7.55. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 13.03 and a beta of 0.93. The company has a current ratio of 2.04, a quick ratio of 1.56 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $6.22 and a two-hundred day moving average price of $5.40.

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

Analysts Set New Price Targets

Several brokerages have issued reports on FSM. National Bank Financial upgraded shares of Fortuna Mining to a "hold" rating in a research note on Friday, March 21st. Scotiabank raised their price objective on Fortuna Mining from $6.00 to $7.00 and gave the company a "sector perform" rating in a report on Monday, April 14th.

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.