In today’s recent session, 1.0 million shares of the Fortuna Mining Corp. (NYSE:FSM) have been traded, and its beta is 1.60. Most recently the company’s share price was $4.42, and it changed around -$0.08 or -1.78% from the last close, which brings the market valuation of the company to $1.38B. FSM at last check was trading at a discount to its 52-week high of $6.36, offering almost -43.89% off that amount. The share price’s 52-week low was $2.63, which indicates that the recent value has risen by an impressive 40.5% since then. We note from Fortuna Mining Corp.’s average daily trading volume that its 10-day average is 8.16 million shares, with the 3-month average coming to 5.98 million.

Fortuna Mining Corp. stock received a consensus recommendation rating of Hold, based on a mean score of 2.20. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended FSM as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Fortuna Mining Corp. is expected to report earnings per share of 0.12 for the current quarter.

Fortuna Mining Corp. (NYSE:FSM) trade information

Instantly FSM has been showing red trend so far today with a performance of -1.78% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 5.10 on recent trading dayincreased the stock’s daily price by 13.33%. The company’s shares are currently up 14.51% year-to-date, but still down -8.30% over the last five days. On the other hand, Fortuna Mining Corp. (NYSE:FSM) is 3.27% up in the 30-day period. We can see from the shorts that 10.43 million shares have been sold at a short interest cover period of 1.94 day(s).

The consensus price target as assigned by Wall Street analysts is $6, which translates to bulls needing to increase their stock price by 26.33% from its current value. Analyst projections state that FSM is forecast to be at a low of $6 and a high of $6.

Fortuna Mining Corp. (FSM) estimates and forecasts

Fortuna Mining Corp. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -6.75 percent over the past six months and at a 113.64% annual growth rate that is well above the industry average of 18.40%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 20.00% in revenue this quarter, and will report an increase of 100.00% in the next quarter. The year-over-year growth rate is expected to be 19.70%, up from the previous year.

FSM Dividends

Fortuna Mining Corp.’s next quarterly earnings report is expected to be released on 2024-Nov-06.

Fortuna Mining Corp. (NYSE:FSM)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 0.83% of Fortuna Mining Corp. shares, and 54.91% of them are in the hands of institutional investors. The stock currently has a share float of 55.37%. Fortuna Mining Corp. stock is held by 264.0 institutions, with GOTHAM ASSET MANAGEMENT, LLC being the largest institutional investor. By 2024-06-30, it held 0.1674% of the shares, which is about 0.51 million shares worth $2.51 million.

SILVERCREST ASSET MANAGEMENT GROUP LLC, with 0.0073% or 22500.0 shares worth $0.11 million as of 2024-06-30, holds the second largest percentage of outstanding shares.

VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF were the top two Mutual Funds as of Sep 30, 2024. The former held 14.34 shares worth $63.31 million, making up 4.58% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held roughly 13.22 shares worth around $58.39 million, which represents about 4.22% of the total shares outstanding.