In the last trading session, 12.15 million shares of the Fortuna Mining Corp (NYSE:FSM) were traded, and its beta was 1.33. Most recently the company’s share price was $6.11, and it changed around $0.17 or 2.86% from the last close, which brings the market valuation of the company to $1.87B. FSM currently trades at a discount to its 52-week high of $6.36, offering almost -4.09% off that amount. The share price’s 52-week low was $3.43, which indicates that the current value has risen by an impressive 43.86% since then. We note from Fortuna Mining Corp’s average daily trading volume that its 10-day average is 15.41 million shares, with the 3-month average coming to 14.29 million.
Fortuna Mining Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.60. If we narrow it down even further, the data shows that 1 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 2 recommended FSM as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Fortuna Mining Corp is expected to report earnings per share of 0.17 for the current quarter.
Fortuna Mining Corp (NYSE:FSM) trade information
Instantly FSM has showed a green trend with a performance of 2.86% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 6.28 on recent trading dayincreased the stock’s daily price by 2.71%. The company’s shares are currently up 42.42% year-to-date, but still up 2.69% over the last five days. On the other hand, Fortuna Mining Corp (NYSE:FSM) is 37.00% up in the 30-day period. We can see from the shorts that 18.22 million shares have been sold at a short interest cover period of 1.02 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 6.0% 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.
Fortuna Mining Corp (FSM) estimates and forecasts
The year-over-year growth rate is expected to be -0.69%, down from the previous year.
Consensus estimates provided by 1 financial analysts predict the company will bring in an average of 267M in revenue for the current quarter. Analysts predict that the company’s current quarter sales will jump, forecast at 18.69%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 22.93%. Fortuna Mining Corp earnings are expected to increase by 59.37% in 2025, but the outlook is positive 6.18% per year for the next five years.
FSM Dividends
Fortuna Mining Corp’s next quarterly earnings report is expected to be released on 2025-Mar-04.
Fortuna Mining Corp (NYSE:FSM)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.82% of Fortuna Mining Corp shares, and 63.01% of them are in the hands of institutional investors. The stock currently has a share float of 63.53%. Fortuna Mining Corp stock is held by 292.0 institutions, with VAN ECK ASSOCIATES CORP being the largest institutional investor. By 2024-06-30, it held 9.7303% of the shares, which is about 29.78 million shares worth $145.6 million.
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, with 2.9548% or 9.04 million shares worth $44.22 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
VanEck Gold Miners ETF and VanEck Junior Gold Miners ETF were the top two Mutual Funds as of Feb 28, 2025 . The former held 11.65 shares worth $71.19 million, making up 3.80% of all outstanding shares. On the other hand, VanEck Junior Gold Miners ETF held roughly 10.74 shares worth around $65.6 million, which represents about 3.50% of the total shares outstanding.
