Analyst Ratings Changes - Fortuna Mining has received mixed ratings from analysts, with Scotiabank and National Bankshares upgrading the stock to "outperform" while Wall Street Zen and Zacks Research downgraded it to "hold" [1] - The current consensus rating for Fortuna Mining is "Hold" with an average target price of $9.50 [1] Stock Performance - Fortuna Mining's stock price increased by 3.5% recently, reaching a market capitalization of $3.10 billion [2] - The stock has a price-to-earnings ratio of 20.20 and a beta of 0.85, indicating lower volatility compared to the market [2] Financial Metrics - The company reported earnings per share (EPS) of $0.15 for the last quarter, missing the consensus estimate of $0.23 by $0.08 [4] - Fortuna Mining's revenue for the quarter was $246.75 million, exceeding analyst estimates of $242.19 million [4] - The company has a net margin of 14.36% and a return on equity of 12.74% [4] Institutional Trading - Institutional investors and hedge funds have been active, with Geneos Wealth Management increasing its holdings by 100% in the second quarter [5] - Institutional ownership of Fortuna Mining stands at 33.80% [5] Company Overview - Fortuna Mining operates in precious and base metal mining across several countries including Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire [6] - The flagship project is the Séguéla gold mine located in Côte d'Ivoire, covering approximately 62,000 hectares [6] Stock Price Movement - The share price of Fortuna Mining reached a new 52-week high of $10.01 during trading, closing at $9.9390 [7]
Fortuna Mining (NYSE:FSM) Sets New 12-Month High – Still a Buy?