Fortuna Mining Corp. (NYSE:FSM) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Fortuna Mining Corp. (NYSE:FSMGet Free Report) (TSE:FVI) has earned a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $14.00.

A number of equities research analysts have recently weighed in on FSM shares. Wall Street Zen downgraded shares of Fortuna Mining from a “strong-buy” rating to a “buy” rating in a research note on Sunday, July 12th. Weiss Ratings upgraded shares of Fortuna Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, September 8th. Zacks Research raised shares of Fortuna Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Finally, Scotiabank restated an “outperform” rating on shares of Fortuna Mining in a research report on Thursday, July 30th.

Get Our Latest Stock Report on FSM

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FSM. Arrowstreet Capital Limited Partnership grew its position in Fortuna Mining by 3.5% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 20,216,810 shares of the basic materials company’s stock worth $198,176,000 after acquiring an additional 686,762 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Fortuna Mining by 5.6% in the first quarter. Dimensional Fund Advisors LP now owns 10,634,157 shares of the basic materials company’s stock valued at $105,576,000 after purchasing an additional 567,558 shares during the last quarter. Euro Pacific Asset Management LLC boosted its stake in shares of Fortuna Mining by 0.5% during the first quarter. Euro Pacific Asset Management LLC now owns 4,485,635 shares of the basic materials company’s stock valued at $43,925,000 after purchasing an additional 20,866 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Fortuna Mining by 9.8% during the first quarter. Bank of America Corp DE now owns 2,856,308 shares of the basic materials company’s stock valued at $28,363,000 after purchasing an additional 255,336 shares in the last quarter. Finally, Legal & General Group Plc grew its holdings in shares of Fortuna Mining by 13.1% during the fourth quarter. Legal & General Group Plc now owns 1,458,914 shares of the basic materials company’s stock worth $14,311,000 after purchasing an additional 169,344 shares during the last quarter. 33.80% of the stock is currently owned by institutional investors.

Fortuna Mining Price Performance

Shares of FSM stock opened at $11.76 on Thursday. The business has a fifty day simple moving average of $10.60 and a 200 day simple moving average of $10.02. The company has a market cap of $3.48 billion, a P/E ratio of 9.97 and a beta of 1.08. The company has a quick ratio of 2.50, a current ratio of 3.00 and a debt-to-equity ratio of 0.11. Fortuna Mining has a twelve month low of $7.69 and a twelve month high of $13.85.

Fortuna Mining (NYSE:FSMGet Free Report) (TSE:FVI) last released its earnings results on Wednesday, August 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The business had revenue of $318.41 million during the quarter, compared to the consensus estimate of $325.00 million. Fortuna Mining had a net margin of 31.99% and a return on equity of 17.48%. On average, sell-side analysts forecast that Fortuna Mining will post 1.24 EPS for the current fiscal year.

Fortuna Mining Company Profile

(Get Free Report)

Fortuna Mining Corp. is a precious metals mining company that explores, develops and operates mines in the Americas and West Africa. The company produces gold, silver, lead and zinc, with gold representing an important part of its current operating portfolio.

Fortuna’s principal assets include the Séguéla gold mine in Côte d’Ivoire, the Lindero gold mine in Argentina and the Caylloma polymetallic mine in Peru. The company also maintains exploration and development activities in the regions surrounding its operations.

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Analyst Recommendations for Fortuna Mining (NYSE:FSM)

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