Fortuna Mining Corp (NYSE: FSM) is 25.41% higher on its value in year-to-date trading and has touched a low of $3.86 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 $5.37 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $5.38, the stock is -8.00% and 2.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 10.97 million and changing 0.19% at the moment leaves the stock 10.83% off its SMA200. FSM registered 18.76% gain for a year compared to 6-month gain of 11.39%. The firm has a 50-day simple moving average (SMA 50) of $5.2246 and a 200-day simple moving average (SMA200) of $4.85415.
The stock witnessed a 9.57% loss in the last 1 month and extending the period to 3 months gives it a 19.82%, and is -11.80% 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 7.82% over the week and 5.83% over the month.
Current P/E ratio is 13.32 and Fwd P/E is 7.60. Profit margin for the company is 12.10%. Distance from 52-week low is 39.38% and -17.23% from its 52-week high. The company has generated returns on investments over the last 12 months (8.16%).
The EPS is expected to grow by 65.83% this year, but quarterly earnings will post -1.29% year-over-year.
Fortuna Mining Corp (FSM) Top Institutional Holders
284.0 institutions hold shares in Fortuna Mining Corp (FSM), with institutional investors hold 62.90% of the company’s shares. The shares outstanding are 306.93M, and float is at 301.93M with Short Float at 6.03%. Institutions hold 62.38% 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
#####
