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

by · The Cerbat Gem

Fortuna Mining (NYSE:FSM – Get Free Report) (TSE:FVI) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts also recently issued reports on the stock. National Bankshares upgraded shares of Fortuna Mining from a “sector perform” rating to an “outperform” rating in a report on Monday, November 24th. Weiss Ratings restated a “buy (b)” rating on shares of Fortuna Mining in a research report on Monday, December 15th. Finally, Scotiabank upgraded shares of Fortuna Mining from a “sector perform” rating to an “outperform” rating and lifted their price target for the company from $10.50 to $11.00 in a research report on Monday, November 24th. Four research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $9.50.

Check Out Our Latest Research Report on Fortuna Mining

Fortuna Mining Stock Down 0.8%

Fortuna Mining stock opened at $10.10 on Tuesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.30 and a quick ratio of 2.73. Fortuna Mining has a 1-year low of $4.13 and a 1-year high of $10.38. The company has a market cap of $3.10 billion, a PE ratio of 14.02 and a beta of 0.95. The stock’s 50 day moving average price is $8.92 and its 200 day moving average price is $7.94.

Fortuna Mining (NYSE:FSM – Get Free Report) (TSE:FVI) last released its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.08). Fortuna Mining had a return on equity of 12.42% and a net margin of 21.48%.The business had revenue of $246.75 million during the quarter, compared to analysts’ expectations of $242.19 million. On average, sell-side analysts predict that Fortuna Mining will post 0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FSM. Geneos Wealth Management Inc. lifted its stake 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 buying an additional 2,000 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Fortuna Mining in the third quarter valued at $27,000. EverSource Wealth Advisors LLC lifted its position in shares of Fortuna Mining by 126.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,813 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 2,691 shares in the last quarter. Osaic Holdings Inc. boosted its stake in shares of Fortuna Mining by 96.7% during the second quarter. Osaic Holdings Inc. now owns 6,116 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 3,006 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in Fortuna Mining during the 2nd quarter worth about $42,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

About Fortuna Mining

(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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