In the latest trading session, 1.49 million Fortuna Mining Corp. (NYSE:FSM) shares changed hands as the company’s beta touched 1.59. With the company’s most recent per share price at $4.89 changing hands around $0.11 or 2.30% at last look, the market valuation stands at $1.53B. FSM’s current price is a discount, trading about -30.06% off its 52-week high of $6.36. The share price had its 52-week low at $2.58, which suggests the last value was 47.24% up since then. When we look at Fortuna Mining Corp.’s average trading volume, we note the 10-day average is 8.76 million shares, with the 3-month average coming to 5.83 million.
Analysts gave the Fortuna Mining Corp. (FSM) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.20. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 3 recommended FSM as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight.
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Fortuna Mining Corp. (NYSE:FSM) trade information
Instantly FSM is in green as seen in intraday trades today. With action -2.20%, the performance over the past five days has been red. The company’s shares are showing year-to-date upside of 26.68%, with the 5-day performance at -2.20% in the red. However, in the 30-day time frame, Fortuna Mining Corp. (NYSE:FSM) is 15.33% up. Looking at the short shares, we see there were 10.43 million shares sold at short interest cover period of 1.94 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6, meaning bulls need an upside of 18.5% from its recent market value. According to analyst projections, FSM’s forecast low is 6 with 6 as the target high. To hit the forecast high, the stock’s price needs a -22.7% plunge from its current level, while the stock would need to soar -22.7% for it to hit the projected low.
Fortuna Mining Corp. (FSM) estimates and forecasts
Data shows that the Fortuna Mining Corp. share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 7.00% over the past 6 months, a 113.64% in annual growth rate that is considerably higher than the industry average of 18.80%.
The 2024 estimates are for Fortuna Mining Corp. earnings to increase by 121.13%.
FSM Dividends
Fortuna Mining Corp. is expected to release its next quarterly earnings report on 2024-Nov-06.
Fortuna Mining Corp. (NYSE:FSM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.83% of Fortuna Mining Corp. shares while 54.64% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 55.10%. There are 54.64% institutions holding the Fortuna Mining Corp. stock share, with GOTHAM ASSET MANAGEMENT, LLC the top institutional holder. As of 2024-06-30, the company held 0.1674% of the shares, roughly 0.51 million FSM shares worth $2.51 million.
SILVERCREST ASSET MANAGEMENT GROUP LLC holds the second largest percentage of outstanding shares, with 0.0073% or 22500.0 shares worth $0.11 million as of 2024-06-30.
