Fortuna Mining (NYSE:FSM) Stock Rating Lowered by Wall Street Zen

by · The Markets Daily

Fortuna Mining (NYSE:FSM – Get Free Report) (TSE:FVI) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday, Wall Street Zen reports.

FSM has been the topic of several other research reports. Zacks Research raised Fortuna Mining from a “strong sell” rating to a “hold” rating in a research report on Monday, July 13th. Scotiabank reissued an “outperform” rating on shares of Fortuna Mining in a report on Thursday, July 30th. Finally, Weiss Ratings downgraded Fortuna Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, October 26th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Fortuna Mining has a consensus rating of “Moderate Buy” and a consensus target price of $14.00.

View Our Latest Report on FSM

Fortuna Mining Stock Up 0.3%

FSM opened at $9.64 on Friday. The business’s 50-day simple moving average is $10.91 and its 200-day simple moving average is $10.30. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.84 and a current ratio of 2.31. Fortuna Mining has a one year low of $7.86 and a one year high of $13.85. The stock has a market capitalization of $2.85 billion, a P/E ratio of 10.05 and a beta of 1.02.

Fortuna Mining (NYSE:FSM – Get Free Report) (TSE:FVI) last posted its earnings results on Wednesday, November 4th. The basic materials company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $293.40 million during the quarter, compared to the consensus estimate of $289.78 million. Fortuna Mining had a return on equity of 17.02% and a net margin of 24.70%. Analysts anticipate that Fortuna Mining will post 1.06 EPS for the current year.

Institutional Investors Weigh In On Fortuna Mining

Hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its stake in shares of Fortuna Mining by 7.4% during the third quarter. Commonwealth Equity Services LLC now owns 20,314 shares of the basic materials company’s stock worth $228,000 after purchasing an additional 1,405 shares during the last quarter. DGS Capital Management LLC lifted its holdings in shares of Fortuna Mining by 15.8% during the first quarter. DGS Capital Management LLC now owns 12,103 shares of the basic materials company’s stock worth $120,000 after purchasing an additional 1,649 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Fortuna Mining by 15.1% during the second quarter. Integrated Wealth Concepts LLC now owns 12,729 shares of the basic materials company’s stock worth $108,000 after purchasing an additional 1,672 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Fortuna Mining by 52.8% during the first quarter. EverSource Wealth Advisors LLC now owns 8,195 shares of the basic materials company’s stock worth $81,000 after purchasing an additional 2,832 shares during the period. Finally, Public Employees Retirement System of Ohio grew its position in Fortuna Mining by 0.5% in the 1st quarter. Public Employees Retirement System of Ohio now owns 815,879 shares of the basic materials company’s stock valued at $8,083,000 after buying an additional 3,839 shares during the last quarter. Institutional investors and hedge funds own 33.80% of the company’s stock.

Fortuna Mining Company Profile

(Get Free Report)

Fortuna Mining Corp. is a precious metals mining company focused on the exploration, development and operation of mines. Its production includes gold, silver, lead and zinc.

The company operates mines in Argentina, Burkina Faso, Côte d’Ivoire and Peru. Its assets include the Lindero gold mine in Argentina, the Yaramoko gold mine in Burkina Faso, the Séguéla gold mine in Côte d’Ivoire and the Caylloma silver, lead and zinc mine in Peru.

Founded as Fortuna Silver Mines, the company adopted the Fortuna Mining name in 2024 as its business expanded beyond silver.

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