Fortuna Mining Corp. (NYSE:FSM - Get Free Report) TSE: FVI hit a new 52-week high during trading on Wednesday . The stock traded as high as $9.72 and last traded at $9.68, with a volume of 3754902 shares trading hands. The stock had previously closed at $9.17.
Analyst Ratings Changes
Several research firms have issued reports on FSM. Weiss Ratings restated a "buy (b)" rating on shares of Fortuna Mining in a research note on Tuesday. Wall Street Zen upgraded Fortuna Mining from a "hold" rating to a "buy" rating in a research note on Saturday. Zacks Research lowered Fortuna Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 15th. BMO Capital Markets reiterated an "outperform" rating on shares of Fortuna Mining in a research note on Friday, August 8th. Finally, CIBC increased their target price on Fortuna Mining from $7.00 to $8.00 and gave the stock an "underperformer" rating in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $8.00.
Check Out Our Latest Stock Analysis on Fortuna Mining
Fortuna Mining Stock Performance
The stock has a 50 day simple moving average of $7.97 and a 200 day simple moving average of $6.88. The company has a current ratio of 2.71, a quick ratio of 2.15 and a debt-to-equity ratio of 0.13. The stock has a market cap of $2.95 billion, a P/E ratio of 19.25 and a beta of 0.84.
Fortuna Mining (NYSE:FSM - Get Free Report) TSE: FVI last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.22 by ($0.08). Fortuna Mining had a return on equity of 12.74% and a net margin of 14.36%.The company had revenue of $230.42 million for the quarter, compared to the consensus estimate of $220.00 million. On average, equities analysts expect that Fortuna Mining Corp. will post 0.51 earnings per share for the current year.
Institutional Investors Weigh In On Fortuna Mining
A number of large investors have recently modified their holdings of FSM. Geneos Wealth Management Inc. boosted its holdings in shares of Fortuna Mining by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,000 shares of the basic materials company's stock valued at $26,000 after purchasing an additional 2,000 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Fortuna Mining by 126.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,813 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 2,691 shares in the last quarter. Osaic Holdings Inc. boosted its holdings in shares of Fortuna Mining by 96.7% during the 2nd quarter. Osaic Holdings Inc. now owns 6,116 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 3,006 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of Fortuna Mining during the 2nd quarter valued at $42,000. Finally, Virtus Advisers LLC acquired a new stake in shares of Fortuna Mining during the 1st quarter valued at $58,000. Institutional investors and hedge funds own 33.80% of the company's stock.
About Fortuna Mining
(
Get Free Report)
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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