Fortuna Mining Corp. (NYSE:FSM) Given Average Rating of "Reduce" by Brokerages

Shares of Fortuna Mining Corp. (NYSE:FSM - Get Free Report) TSE: FVI have earned a consensus rating of "Reduce" from the four brokerages that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and three have issued a hold recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $7.50.

FSM has been the subject of a number of recent research reports. CIBC lifted their price objective on shares of Fortuna Mining from $7.00 to $8.00 and gave the company an "underperformer" rating in a research note on Tuesday, July 15th. National Bankshares reaffirmed a "sector perform" rating on shares of Fortuna Mining in a report on Tuesday, June 24th. Scotiabank boosted their price target on shares of Fortuna Mining from $6.00 to $7.00 and gave the stock a "sector perform" rating in a research note on Monday, April 14th. Finally, Wall Street Zen raised shares of Fortuna Mining from a "buy" rating to a "strong-buy" rating in a research note on Friday.

Fortuna Mining Price Performance

Shares of FSM traded up $0.27 during trading hours on Friday, reaching $6.98. The stock had a trading volume of 14,405,026 shares, compared to its average volume of 11,594,842. Fortuna Mining has a 12 month low of $3.86 and a 12 month high of $7.55. The stock has a market capitalization of $2.14 billion, a PE ratio of 13.68 and a beta of 0.94. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.56 and a current ratio of 2.04. The company's 50-day moving average is $6.39 and its two-hundred day moving average is $5.69.

Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last issued its quarterly earnings results 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 business had revenue of $290.15 million for the quarter, compared to analyst estimates of $291.00 million. Fortuna Mining had a return on equity of 12.94% and a net margin of 14.28%. Research analysts expect that Fortuna Mining will post 0.51 EPS for the current year.

Institutional Trading of Fortuna Mining

Large investors have recently made changes to their positions in the business. Raymond James Financial Inc. purchased a new position in shares of Fortuna Mining in the fourth quarter valued at approximately $523,000. Swiss National Bank grew its position in Fortuna Mining by 2.8% in the 4th quarter. Swiss National Bank now owns 618,830 shares of the basic materials company's stock valued at $2,655,000 after buying an additional 16,800 shares during the last quarter. Commonwealth Equity Services LLC grew its position in Fortuna Mining by 10.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 20,456 shares of the basic materials company's stock valued at $88,000 after buying an additional 2,000 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Fortuna Mining by 15.3% during the 4th 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, LPL Financial LLC boosted its position in shares of Fortuna Mining by 65.4% during the 4th quarter. LPL Financial LLC now owns 93,505 shares of the basic materials company's stock worth $401,000 after purchasing an additional 36,963 shares in the last quarter. 33.80% of the stock is owned by hedge funds and other institutional investors.

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.