Fortuna Mining Corp. (NYSE:FSM) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Fortuna Mining Corp. (NYSE:FSMGet Free Report) (TSE:FVI) have earned an average recommendation of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $11.00.

Several analysts recently commented on the stock. Zacks Research downgraded shares of Fortuna Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 25th. Wall Street Zen raised shares of Fortuna Mining from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings downgraded shares of Fortuna Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, May 26th.

Read Our Latest Research Report on FSM

Fortuna Mining Stock Performance

Shares of FSM opened at $9.44 on Tuesday. The firm has a 50-day moving average of $9.86 and a 200-day moving average of $10.28. Fortuna Mining has a one year low of $6.17 and a one year high of $13.85. The company has a market cap of $2.86 billion, a PE ratio of 8.91 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 (NYSE:FSMGet Free Report) (TSE:FVI) last announced its earnings results on Wednesday, May 6th. The basic materials company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.02). The company had revenue of $342.47 million for the quarter, compared to the consensus estimate of $340.00 million. Fortuna Mining had a return on equity of 16.26% and a net margin of 31.07%. As a group, equities analysts forecast that Fortuna Mining will post 1.43 earnings per share for the current year.

Institutional Trading of Fortuna Mining

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Centric Wealth Management boosted its holdings in shares of Fortuna Mining by 10.0% during the 4th quarter. Centric Wealth Management now owns 11,000 shares of the basic materials company’s stock worth $108,000 after buying an additional 1,000 shares during the period. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Fortuna Mining by 1.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 158,579 shares of the basic materials company’s stock worth $1,554,000 after buying an additional 1,500 shares during the period. DGS Capital Management LLC boosted its holdings in Fortuna Mining by 15.8% in the 1st quarter. DGS Capital Management LLC now owns 12,103 shares of the basic materials company’s stock valued at $120,000 after purchasing an additional 1,649 shares during the period. Geneos Wealth Management Inc. boosted its holdings in 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 during the period. Finally, Cetera Investment Advisers boosted its holdings in Fortuna Mining by 22.2% in the 4th quarter. Cetera Investment Advisers now owns 14,343 shares of the basic materials company’s stock valued at $141,000 after purchasing an additional 2,605 shares during the period. Institutional investors own 33.80% of the company’s stock.

Fortuna Mining Company Profile

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

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Analyst Recommendations for Fortuna Mining (NYSE:FSM)

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