Hillsdale Investment Management Inc. Sells 1,404,805 Shares of Fortuna Mining Corp. $FSM

Posted by Brenda Bartman on May 30th, 2026

Hillsdale Investment Management Inc. cut its holdings in Fortuna Mining Corp. (NYSE:FSM – Free Report) (TSE:FVI) by 50.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,361,635 shares of the basic materials company’s stock after selling 1,404,805 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Fortuna Mining were worth $13,367,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Jupiter Asset Management Ltd. lifted its position in Fortuna Mining by 276.6% in the 4th quarter. Jupiter Asset Management Ltd. now owns 231,361 shares of the basic materials company’s stock valued at $2,270,000 after acquiring an additional 169,929 shares in the last quarter. Geode Capital Management LLC lifted its position in Fortuna Mining by 17.8% in the 4th quarter. Geode Capital Management LLC now owns 1,464,898 shares of the basic materials company’s stock valued at $14,371,000 after acquiring an additional 221,793 shares in the last quarter. Legal & General Group Plc lifted its position in Fortuna Mining by 13.1% in the 4th quarter. Legal & General Group Plc now owns 1,458,914 shares of the basic materials company’s stock valued at $14,311,000 after acquiring an additional 169,344 shares in the last quarter. IFP Advisors Inc bought a new position in Fortuna Mining in the 4th quarter valued at approximately $29,000. Finally, Auxano Advisors LLC bought a new position in Fortuna Mining in the 4th quarter valued at approximately $1,962,000. 33.80% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on FSM shares. Zacks Research cut Fortuna Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 25th. Weiss Ratings cut Fortuna Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Finally, Wall Street Zen raised Fortuna Mining from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Fortuna Mining currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Check Out Our Latest Research Report on FSM

Fortuna Mining Price Performance

NYSE FSM opened at $10.05 on Friday. The business’s fifty day moving average price is $9.95 and its 200-day moving average price is $10.23. The stock has a market capitalization of $3.06 billion, a price-to-earnings ratio of 9.48 and a beta of 0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.17 and a quick ratio of 2.74. Fortuna Mining Corp. has a 1-year low of $5.67 and a 1-year high of $13.85.

Fortuna Mining (NYSE:FSM – Get Free Report) (TSE:FVI) last released its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.02). The firm had revenue of $342.47 million for the quarter, compared to the consensus estimate of $340.00 million. Fortuna Mining had a net margin of 31.07% and a return on equity of 16.26%. On average, equities analysts predict that Fortuna Mining Corp. will post 1.43 earnings per share for the current year.

Fortuna Mining Profile

(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. The company was formerly known as Fortuna Silver Mines Inc and changed its name to Fortuna Mining Corp.