Fortuna Mining Corp (NYSE:FSM)’s traded shares stood at 1.14 million during the latest session, with the company’s beta value hitting 1.25. At the last check today, the stock’s price was $5.86, to imply a decrease of -3.66% or -$0.22 in intraday trading. The FSM share’s 52-week high remains $6.36, putting it -8.53% down since that peak but still an impressive 42.66% since price per share fell to its 52-week low of $3.36. The company has a valuation of $1.80B, with an average of 17.49 million shares in intraday trading volume over the past 10 days and average of 14.10 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Fortuna Mining Corp (FSM), translating to a mean rating of 2.60. Of 4 analyst(s) looking at the stock, 0 analyst(s) give FSM a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.17.
Fortuna Mining Corp (NYSE:FSM) trade information
After registering a -3.66% downside in the latest session, Fortuna Mining Corp (FSM) has traded red over the past five days. The 5-day price performance for the stock is 3.48%, and 21.27% over 30 days. With these gigs, the year-to-date price performance is 36.53%. Short interest in Fortuna Mining Corp (NYSE:FSM) saw shorts transact 18.11 million shares and set a 1.15 days time to cover.
The extremes give us $6.5 and $6.5 for target low and target high price respectively. As such, FSM has been trading -10.92% off suggested target high and -10.92% from its likely low.
Fortuna Mining Corp (FSM) estimates and forecasts
The rating firms project that company’s revenue will shrink -0.69% compared to the previous financial year. Revenue forecast for the current quarter as set by 1 analysts is 267M.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 22.93% for the past 5-year period. While 2025 is set for a 59.37% return in earnings, projections for the next 5 years are at 6.18% annually.
FSM Dividends
Fortuna Mining Corp has its next earnings report out on 2025-Mar-04. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Fortuna Mining Corp (NYSE:FSM)’s Major holders
Fortuna Mining Corp insiders hold 0.82% of total outstanding shares, with institutional holders owning 63.01% of the shares at 63.53% float percentage. In total, 63.01% institutions holds shares in the company, led by VAN ECK ASSOCIATES CORP. As of 2024-06-30, the company held over 29.78 million shares (or 9.7303% of shares), all amounting to roughly $145.6 million.
The next major institution holding the largest number of shares is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with 9.04 million shares, or about 2.9548% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $44.22 million.
We also have VanEck Gold Miners ETF and VanEck Junior Gold Miners ETF as the top two Mutual Funds with the largest holdings of the Fortuna Mining Corp (FSM) shares. Going by data provided on Jan 31, 2025, VanEck Gold Miners ETF holds roughly 12.56 shares. This is just over 4.10% of the total shares, with a market valuation of $74.74 million. Data from the same date shows that the other fund manager holds a little less at 11.19, or 3.65% of the shares, all valued at about 66.58 million.
