In today’s recent session, 2.93 million shares of the Fortuna Mining Corp (NYSE:FSM) have been traded, and its beta is 1.48. Most recently the company’s share price was $5.34, and it changed around $0.09 or 1.62% from the last close, which brings the market valuation of the company to $1.67B. FSM at last check was trading at a discount to its 52-week high of $6.36, offering almost -19.1% off that amount. The share price’s 52-week low was $2.63, which indicates that the recent value has risen by an impressive 50.75% since then. We note from Fortuna Mining Corp’s average daily trading volume that its 10-day average is 15.46 million shares, with the 3-month average coming to 10.35 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 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended FSM as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight.
Fortuna Mining Corp (NYSE:FSM) trade information
Instantly FSM has been showing a green trend so far today with a performance of 1.62% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 5.43 on recent trading dayincreased the stock’s daily price by 1.66%. The company’s shares are currently up 24.36% year-to-date, but still up 0.85% over the last five days. On the other hand, Fortuna Mining Corp (NYSE:FSM) is 25.83% up in the 30-day period. We can see from the shorts that 13.26 million shares have been sold at a short interest cover period of 1.09 day(s).
The consensus price target as assigned by Wall Street analysts is $6.5, which translates to bulls needing to increase their stock price by 17.85% from its current value. Analyst projections state that FSM is forecast to be at a low of $6.5 and a high of $6.5.
FSM Dividends
Fortuna Mining Corp’s next quarterly earnings report is expected to be released in March.
Fortuna Mining Corp (NYSE:FSM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.86% of Fortuna Mining Corp shares, and 66.32% of them are in the hands of institutional investors. The stock currently has a share float of 66.89%. Fortuna Mining Corp stock is held by 287.0 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 Nov 30, 2024. The former held 13.82 shares worth $73.82 million, making up 4.51% of all outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held roughly 12.59 shares worth around $67.22 million, which represents about 4.11% of the total shares outstanding.
