Fortuna Mining Corp (NYSE: FSM) is 42.19% higher on its value in year-to-date trading and has touched a low of $3.72 and a high of $6.50 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 $6.12 in the last trading session, with the day’s loss setting it -0.02%.
Currently trading at $6.10, the stock is 10.15% and 20.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 17.08 million and changing -0.33% at the moment leaves the stock 26.26% off its SMA200. FSM registered 68.51% gain for a year compared to 6-month loss of 20.32%. The firm has a 50-day simple moving average (SMA 50) of $5.0762 and a 200-day simple moving average (SMA200) of $4.8313.
The stock witnessed a 41.20% gain in the last 1 month and extending the period to 3 months gives it a 38.32%, and is 2.69% up 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 5.98% over the week and 5.78% over the month.
Current P/E ratio is 15.10 and Fwd P/E is 8.78. Profit margin for the company is 12.10%. Distance from 52-week low is 63.98% and -6.15% from its 52-week high. The company has generated returns on investments over the last 12 months (8.16%).
with sales reaching $267M over the same period.The EPS is expected to grow by 65.51% this year, but quarterly earnings will post -0.69% year-over-year. Quarterly sales are estimated to grow 18.69% in year-over-year returns.
Fortuna Mining Corp (FSM) Top Institutional Holders
292.0 institutions hold shares in Fortuna Mining Corp (FSM), with institutional investors hold 63.53% of the company’s shares. The shares outstanding are 306.93M, and float is at 302.39M with Short Float at 6.02%. Institutions hold 63.01% of the Float.
The top institutional shareholder in the company is VAN ECK ASSOCIATES CORP with over 29.78 million shares valued at $145.6 million. The investor’s holdings represent 9.7303% of the FSM Shares outstanding. As of 2024-06-30, the second largest holder is ARROWSTREET CAPITAL, LIMITED PARTNERSHIP with 9.04 million shares valued at $44.22 million to account for 2.9548 of the shares outstanding. The other top investors are MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. which holds 8.71 million shares representing 2.8464% and valued at over $42.59 million, while D. E. SHAW & CO., INC. holds 1.8161 of the shares totaling 5.56 million with a market value of $27.18 million.
Fortuna Mining Corp (FSM) Insider Activity
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