During the recent session, Fortuna Mining Corp. (NYSE:FSM)’s traded shares were 2.03 million, with the beta value of the company hitting 1.60. At the last check today, the stock’s price was $4.82, reflecting an intraday gain of 2.45% or $0.12. The 52-week high for the FSM share is $6.36, that puts it down -31.95 from that peak though still a striking 45.44% gain since the share price plummeted to a 52-week low of $2.63. The company’s market capitalization is $1.51B, and the average intraday trading volume over the past 10 days was 8.06 million shares, and the average trade volume was 6.03 million shares over the past three months.
Fortuna Mining Corp. (FSM) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 1.80. FSM has a Sell rating from 0 analyst(s) out of 4 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.11.
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Fortuna Mining Corp. (NYSE:FSM) trade information
Fortuna Mining Corp. (FSM) registered a 2.45% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 2.45% in intraday trading to $4.82, hitting a weekly high. The stock’s 5-day price performance is -1.33%, and it has moved by 2.01% in 30 days. Based on these gigs, the overall price performance for the year is 66.61%. The short interest in Fortuna Mining Corp. (NYSE:FSM) is 11.59 million shares and it means that shorts have 1.94 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 19.67% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6 and $6 respectively. As a result, FSM is trading at a discount of -24.48% off the target high and -24.48% off the low.
Fortuna Mining Corp. (FSM) estimates and forecasts
Statistics show that Fortuna Mining Corp. has outperformed its competitors in share price, compared to the industry in which it operates. Fortuna Mining Corp. (FSM) shares have gone up 4.45% during the last six months, with a year-to-date growth rate more than the industry average at 113.64% against 18.00. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 10.00% this quarter and then jump 128.60% in the quarter after that. In the rating firms’ projections, revenue will increase 20.60% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 262.69M as predicted by 2 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to 284.11M by the end of current fiscal year.
While earnings are projected to return 117.04% in 2024.
FSM Dividends
Fortuna Mining Corp. is due to release its next quarterly earnings on 2024-Nov-06. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Fortuna Mining Corp. (NYSE:FSM)’s Major holders
Fortuna Mining Corp. insiders own 0.83% of total outstanding shares while institutional holders control 55.03%, with the float percentage being 55.49%. GOTHAM ASSET MANAGEMENT, LLC is the largest shareholder of the company, while 265.0 institutions own stock in it. As of 2024-06-30, the company held over 0.51 million shares (or 0.1674% of all shares), a total value of $2.51 million in shares.
The next largest institutional holding, with 22500.0 shares, is of SILVERCREST ASSET MANAGEMENT GROUP LLC’s that is approximately 0.0073% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.11 million.
