Why should you keep an eye on Fortuna Mining Corp (FSM)?

Fortuna Mining Corp (NYSE: FSM) is 16.58% higher on its value in year-to-date trading and has touched a low of $2.63 and a high of $6.36 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FSM stock was last observed hovering at around $4.78 in the last trading session, with the day’s loss setting it -0.28%.

Currently trading at $4.50, the stock is -9.20% and -5.91% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.87 million and changing -5.86% at the moment leaves the stock -0.06% off its SMA200. FSM registered 50.50% gain for a year compared to 6-month loss of -11.42%. The firm has a 50-day simple moving average (SMA 50) of $4.7846 and a 200-day simple moving average (SMA200) of $4.49565.

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The stock witnessed a -5.26% gain in the last 1 month and extending the period to 3 months gives it a 0.90%, and is -6.25% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.12% over the week and 4.47% over the month.

Fortuna Mining Corp (FSM) has around 5185 employees, a market worth around $1.96B and $1.03B in sales. Current P/E ratio is 61.81 and Fwd P/E is 7.09. Profit margin for the company is 2.44%. Distance from 52-week low is 71.10% and -29.25% from its 52-week high. The company has generated returns on investments over the last 12 months (1.58%).

The EPS is expected to grow by 141.19% this year.

Fortuna Mining Corp (FSM) Top Institutional Holders

273.0 institutions hold shares in Fortuna Mining Corp (FSM), with institutional investors hold 56.30% of the company’s shares. The shares outstanding are 313.33M, and float is at 309.57M with Short Float at 3.74%. Institutions hold 55.83% of the Float.

The top institutional shareholder in the company is GOTHAM ASSET MANAGEMENT, LLC with over 0.51 million shares valued at $2.51 million. The investor’s holdings represent 0.1674% of the FSM Shares outstanding. As of 2024-06-30, the second largest holder is SILVERCREST ASSET MANAGEMENT GROUP LLC with 22500.0 shares valued at $0.11 million to account for 0.0073 of the shares outstanding. The other top investors are TD WATERHOUSE CANADA INC. which holds 10500.0 shares representing 0.0034% and valued at over $63945.0, while BANQUE CANTONALE VAUDOISE holds 0.0024 of the shares totaling 7281.0 with a market value of $36000.0.