Fortuna Mining (FSM) Projected to Post Earnings on Wednesday

Fortuna Mining (NYSE:FSM) (TSE:FVI) is projected to release its results after the market closes on Wednesday, February 18th. Analysts expect Fortuna Mining to post earnings of $0.2253 per share for the quarter.

Fortuna Mining Stock Up 5.5%

Shares of FSM stock traded up $0.58 on Friday, hitting $10.97. The stock had a trading volume of 2,564,178 shares, compared to its average volume of 8,400,322. The stock’s 50 day moving average is $10.28 and its 200-day moving average is $8.88. The firm has a market capitalization of $3.35 billion, a price-to-earnings ratio of 15.24 and a beta of 0.88. Fortuna Mining has a 52-week low of $4.13 and a 52-week high of $12.54. The company has a debt-to-equity ratio of 0.11, a quick ratio of 2.73 and a current ratio of 3.30.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on FSM shares. Canadian Imperial Bank of Commerce raised shares of Fortuna Mining from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 3rd. Cibc Captl Mkts upgraded Fortuna Mining from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. BMO Capital Markets restated an “outperform” rating on shares of Fortuna Mining in a research note on Friday, January 16th. Scotiabank lifted their price objective on Fortuna Mining from $11.00 to $14.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, National Bank Financial upgraded Fortuna Mining from a “sector perform” rating to an “outperform” rating in a research note on Monday, November 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.00.

Institutional Investors Weigh In On Fortuna Mining

A number of institutional investors have recently made changes to their positions in the company. Federation des caisses Desjardins du Quebec lifted its stake in Fortuna Mining by 1.0% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 158,579 shares of the basic materials company’s stock worth $1,554,000 after purchasing an additional 1,500 shares during the last quarter. HRT Financial LP bought a new stake in Fortuna Mining during the fourth quarter valued at $2,418,000. Brooklyn Investment Group acquired a new stake in shares of Fortuna Mining during the fourth quarter worth $175,000. Dimensional Fund Advisors LP lifted its position in shares of Fortuna Mining by 8.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 10,066,599 shares of the basic materials company’s stock worth $98,758,000 after buying an additional 758,657 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its holdings in shares of Fortuna Mining by 15.8% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 221,566 shares of the basic materials company’s stock valued at $2,174,000 after buying an additional 30,236 shares during the period. 33.80% of the stock is currently owned by institutional investors.

Fortuna Mining Company Profile

Fortuna Mining Corp. engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d’Ivoire. The company was formerly known as Fortuna Silver Mines Inc and changed its name to Fortuna Mining Corp.