Fortuna Mining Corp. (NYSE:FSM) Receives $14.00 Consensus Price Target from Analysts

Shares of Fortuna Mining Corp. (NYSE:FSMGet Free Report) (TSE:FVI) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $14.00.

Several equities research analysts have commented on the company. Weiss Ratings lowered Fortuna Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, June 18th. Scotiabank restated an “outperform” rating on shares of Fortuna Mining in a research report on Thursday. Zacks Research raised Fortuna Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Wall Street Zen cut Fortuna Mining from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th.

Get Our Latest Stock Analysis on Fortuna Mining

Institutional Investors Weigh In On Fortuna Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC purchased a new position in shares of Fortuna Mining in the fourth quarter worth about $586,000. U S Global Investors Inc. purchased a new stake in Fortuna Mining during the 4th quarter valued at about $5,499,000. World Investment Advisors purchased a new stake in Fortuna Mining during the 4th quarter valued at about $1,415,000. Channing Global Advisors LLC acquired a new stake in Fortuna Mining in the 1st quarter valued at about $1,232,000. Finally, Intact Investment Management Inc. acquired a new stake in Fortuna Mining in the 4th quarter valued at about $1,239,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

Fortuna Mining Stock Up 0.1%

Shares of NYSE FSM opened at $8.44 on Wednesday. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 7.96 and a beta of 1.01. The company’s 50-day simple moving average is $8.80 and its 200-day simple moving average is $9.98. The company has a quick ratio of 2.74, a current ratio of 3.17 and a debt-to-equity ratio of 0.10. Fortuna Mining has a 52-week low of $6.17 and a 52-week high of $13.85.

Fortuna Mining (NYSE:FSMGet 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 company had revenue of $342.47 million for the quarter, compared to analyst estimates of $340.00 million. Fortuna Mining had a return on equity of 16.26% and a net margin of 31.07%. Equities analysts predict that Fortuna Mining will post 1.32 EPS for the current fiscal year.

Fortuna Mining Company Profile

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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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