Fortuna Mining Corp (FSM) saw an uptrend of 5.95% in the recent trading with $6.59 being its most recent. The current price level -12.72% lower than the highest price of $7.55 marked by the stock while trading over the past 52-weeks, whereas it is 60.73% higher than the lowest price of $4.10 the company dropped to over past 52-weeks. The latest news story on FSM appeared in (Insider Monkey) under the title “Fortuna Mining (FSM) Boosts Diamba Sud Resources by 53% Ahead of Q4 Preliminary Economic Assessment”.
Looking into the simple moving average, Fortuna Mining Corp (FSM)’s stock stands at a SMA-50 of $6.66 while that of 5-day is reading $6.71.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and FSM’s SMA-200 as of now is $5.54.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Moderate Buy by 4 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 2.60 for the stock.
Fortuna Mining Corp Earnings – What Happened With FSM
Coming around sales and income figures on FSM Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Fortuna Mining Corp (FSM) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 37.99% for net revenue.
FSM – Fortuna Mining Corp Stock Earnings Estimates
The perspective of Fortuna Mining Corp (NYSE:FSM)’s current quarter earnings identifies that analysts are in consensus over the estimate of 0.12 for stock’s EPS in the current quarter. Fortuna Mining Corp (FSM) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of 37.99% for net revenue. Company’s EPS for the last quarter was 0.16.
Fortuna Mining Corp – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 306.96 million. FSM does have institutional investors; and they hold 65.99% of the stock.
As on 2024-06-30, VAN ECK ASSOCIATES CORP was the top most holder in Fortuna Mining Corp (NYSE:FSM) with an ownership of 29.78 million shares of the company or 9.7303 of the stake worth $145.6 million. The filing also reveals ARROWSTREET CAPITAL, LIMITED PARTNERSHIP as the second largest holder in the company with a control over 2.9548 of the outstanding shares. Its stake is worth $44.22 million for having 9.04 million shares in hand.
MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. also came holding a key position in the company during the recent quarter and it now holds 2.8464 of the outstanding shares. With this there are now 298.0 institutions which have possession in FSM’s shares.
Key Metrics forFSM
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Fortuna Mining Corp has a debt to equity ratio of 0.14.
