During the recent session, Fortuna Mining Corp (NYSE:FSM)’s traded shares were 2.16 million, with the beta value of the company hitting 1.26. At the last check today, the stock’s price was $6.19, reflecting an intraday loss of -0.80% or -$0.05. The 52-week high for the FSM share is $6.50, that puts it down -5.01 from that peak though still a striking 41.36% gain since the share price plummeted to a 52-week low of $3.63. The company’s market capitalization is $1.90B, and the average intraday trading volume over the past 10 days was 14.69 million shares, and the average trade volume was 14.53 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 2.60. 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 0.17.
Fortuna Mining Corp (NYSE:FSM) trade information
Fortuna Mining Corp (FSM) registered a -0.80% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.80% in intraday trading to $6.19, hitting a weekly high. The stock’s 5-day price performance is 5.63%, and it has moved by 42.96% in 30 days. Based on these gigs, the overall price performance for the year is 78.39%. The short interest in Fortuna Mining Corp (NYSE:FSM) is 18.22 million shares and it means that shorts have 1.02 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.5, which implies an increase of 4.77% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $6.5 and $6.5 respectively. As a result, FSM is trading at a discount of -5.01% off the target high and -5.01% off the low.
Fortuna Mining Corp (FSM) estimates and forecasts
In the rating firms’ projections, revenue will decrease -0.69% 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 267M as predicted by 1 analyst(s).
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 22.93%. While earnings are projected to return 59.37% in 2025, the next five years will return 6.18% per annum.
FSM Dividends
Fortuna Mining Corp is due to release its next quarterly earnings on 2025-Mar-04. 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 0.82% of total outstanding shares while institutional holders control 63.01%, with the float percentage being 63.53%. VAN ECK ASSOCIATES CORP is the largest shareholder of the company, while 292.0 institutions own stock in it. As of 2024-06-30, the company held over 29.78 million shares (or 9.7303% of all shares), a total value of $145.6 million in shares.
The next largest institutional holding, with 9.04 million shares, is of ARROWSTREET CAPITAL, LIMITED PARTNERSHIP’s that is approximately 2.9548% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $44.22 million.
Also, the Mutual Funds coming in first place with the largest holdings of Fortuna Mining Corp (FSM) shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. Data provided on Feb 28, 2025 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 11.65 shares. This amounts to just over 3.80 percent of the company’s overall shares, with a $72.18 million market value. The same data shows that the other fund manager holds slightly less at 10.74, or about 3.50% of the stock, which is worth about $66.52 million.
