Fortuna Mining (NYSE:FSM) Upgraded by Wall Street Zen to Strong-Buy Rating

Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI was upgraded by investment analysts at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a report issued on Friday.

A number of other research firms also recently issued reports on FSM. Scotiabank increased their target price on shares of Fortuna Mining from $6.00 to $7.00 and gave the stock a "sector perform" rating in a research report on Monday, April 14th. CIBC increased their target price on shares of Fortuna Mining from $7.00 to $8.00 and gave the stock an "underperformer" rating in a research report on Tuesday, July 15th. National Bank Financial upgraded shares of Fortuna Mining to a "hold" rating in a report on Friday, March 21st. Finally, National Bankshares restated a "sector perform" rating on shares of Fortuna Mining in a report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $7.50.

Fortuna Mining Trading Up 4.4%

Fortuna Mining stock traded up $0.30 during midday trading on Friday, reaching $7.01. The stock had a trading volume of 10,573,823 shares, compared to its average volume of 15,262,375. The firm's fifty day simple moving average is $6.39 and its two-hundred day simple moving average is $5.69. Fortuna Mining has a twelve month low of $3.86 and a twelve month high of $7.55. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.04 and a quick ratio of 1.56. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 13.74 and a beta of 0.94.

Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last posted its quarterly earnings data 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 firm had revenue of $290.15 million during the quarter, compared to analyst estimates of $291.00 million. Equities analysts anticipate that Fortuna Mining will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Optiver Holding B.V. acquired a new stake in shares of Fortuna Mining during the 4th quarter valued at about $26,000. Farther Finance Advisors LLC bought a new stake in shares of Fortuna Mining during the 2nd quarter valued at $42,000. Virtus Advisers LLC bought a new stake in Fortuna Mining in the first quarter valued at approximately $58,000. PCG Wealth Advisors LLC acquired a new position in shares of Fortuna Mining in the first quarter valued at approximately $61,000. Finally, Bank of Nova Scotia acquired a new position in Fortuna Mining during the fourth quarter worth $46,000. Institutional investors own 33.80% of the company's stock.

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.