In the latest trading session, 1.53 million Fortuna Mining Corp (NYSE:FSM) shares changed hands as the company’s beta touched 1.30. With the company’s most recent per share price at $5.88 changing hands around $0.13 or 2.27% at last look, the market valuation stands at $1.80B. FSM’s current price is a discount, trading about -8.16% off its 52-week high of $6.36. The share price had its 52-week low at $3.23, which suggests the last value was 45.07% up since then. When we look at Fortuna Mining Corp’s average trading volume, we note the 10-day average is 18.02 million shares, with the 3-month average coming to 13.83 million.
Analysts gave the Fortuna Mining Corp (FSM) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.60. 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. Fortuna Mining Corp’s EPS for the current quarter is expected to be 0.17.
Fortuna Mining Corp (NYSE:FSM) trade information
Instantly FSM is in green as seen in intraday trades today. With action 15.75%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 37.07%, with the 5-day performance at 15.75% in the green. However, in the 30-day time frame, Fortuna Mining Corp (NYSE:FSM) is 14.18% up. Looking at the short shares, we see there were 18.11 million shares sold at short interest cover period of 1.15 days.
The consensus price target for the stock as assigned by Wall Street analysts is 6.5, meaning bulls need an upside of 9.54% from its recent market value. According to analyst projections, FSM’s forecast low is 6.5 with 6.5 as the target high. To hit the forecast high, the stock’s price needs a -10.54% plunge from its current level, while the stock would need to soar -10.54% for it to hit the projected low.
Fortuna Mining Corp (FSM) estimates and forecasts
Year-over-year growth is forecast to reach -0.69% down from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 267M. The company’s revenue for the corresponding quarters a year ago was 224.95M. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 18.69%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 22.93%. The 2025 estimates are for Fortuna Mining Corp earnings to increase by 59.33%, but the outlook for the next 5-year period is at 6.18% per year.
Fortuna Mining Corp (NYSE:FSM)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.82% of Fortuna Mining Corp shares while 63.01% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 63.53%. There are 63.01% institutions holding the Fortuna Mining Corp stock share, with VAN ECK ASSOCIATES CORP the top institutional holder. As of 2024-06-30, the company held 9.7303% of the shares, roughly 29.78 million FSM shares worth $145.6 million.
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP holds the second largest percentage of outstanding shares, with 2.9548% or 9.04 million shares worth $44.22 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. With 12.56 shares estimated at $74.24 million under it, the former controlled 4.10% of total outstanding shares. On the other hand, VanEck ETF Trust-VanEck Junior Gold Miners ETF held about 3.65% of the shares, roughly 11.19 shares worth around $66.13 million.
