Fortuna Mining (NYSE:FSM – Get Free Report) (TSE:FVI) issued its earnings results on Wednesday. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.03, reports. Fortuna Mining had a net margin of 24.70% and a return on equity of 17.19%. The firm had revenue of $289.78 million for the quarter, compared to the consensus estimate of $289.78 million.
Fortuna Mining Stock Performance
FSM traded up $0.17 during midday trading on Friday, hitting $9.64. 5,019,616 shares of the company traded hands, compared to its average volume of 6,223,383. The company has a quick ratio of 2.50, a current ratio of 3.00 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $2.85 billion, a PE ratio of 10.05 and a beta of 1.02. The company’s 50-day moving average is $10.97 and its 200 day moving average is $10.30. Fortuna Mining has a 52 week low of $7.86 and a 52 week high of $13.85.
Analyst Upgrades and Downgrades
FSM has been the subject of several analyst reports. Weiss Ratings downgraded shares of Fortuna Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, October 26th. Scotiabank reaffirmed an “outperform” rating on shares of Fortuna Mining in a research report on Thursday, July 30th. Wall Street Zen cut Fortuna Mining from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Finally, Zacks Research upgraded Fortuna Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $14.00.
Check Out Our Latest Stock Analysis on Fortuna Mining
Fortuna Mining Company Profile
Fortuna Mining Corp. is a precious metals mining company that explores, develops and operates mines producing gold and silver. The company’s portfolio also includes polymetallic production, including lead and zinc concentrates from its Caylloma operation in Peru. Fortuna sells its metal production to international smelters and refiners.
Fortuna’s operating portfolio includes the Lindero gold mine in Salta, Argentina; the Séguéla gold mine in Côte d’Ivoire; the Yaramoko gold mine in Burkina Faso; and the Caylloma silver-polymetallic mine in Peru.
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