Fortuna Mining Corp. $FSM Shares Bought by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. raised its holdings in Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) by 276.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 231,361 shares of the basic materials company’s stock after purchasing an additional 169,929 shares during the period. Jupiter Asset Management Ltd. owned about 0.08% of Fortuna Mining worth $2,270,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Van ECK Associates Corp raised its position in shares of Fortuna Mining by 43.5% in the 3rd quarter. Van ECK Associates Corp now owns 29,280,727 shares of the basic materials company’s stock valued at $262,354,000 after purchasing an additional 8,878,857 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Fortuna Mining by 80.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 19,530,048 shares of the basic materials company’s stock valued at $174,866,000 after purchasing an additional 8,706,611 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Fortuna Mining by 38.1% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,707,054 shares of the basic materials company’s stock valued at $122,747,000 after purchasing an additional 3,779,920 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Fortuna Mining by 17.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 9,307,942 shares of the basic materials company’s stock valued at $83,389,000 after purchasing an additional 1,351,971 shares in the last quarter. Finally, Tidal Investments LLC raised its position in shares of Fortuna Mining by 31.4% in the 3rd quarter. Tidal Investments LLC now owns 8,947,480 shares of the basic materials company’s stock valued at $80,169,000 after purchasing an additional 2,138,143 shares in the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

FSM has been the subject of a number of research analyst reports. Weiss Ratings downgraded Fortuna Mining from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday. Wall Street Zen upgraded Fortuna Mining from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Zacks Research downgraded Fortuna Mining from a “hold” rating to a “strong sell” rating in a report on Monday, May 25th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.00.

Fortuna Mining Price Performance

Shares of NYSE FSM opened at $10.05 on Friday. Fortuna Mining Corp. has a twelve month low of $5.67 and a twelve month high of $13.85. The company has a current ratio of 3.17, a quick ratio of 2.74 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 9.48 and a beta of 0.94. The business has a 50 day simple moving average of $9.95 and a 200-day simple moving average of $10.23.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings results on Wednesday, May 6th. The basic materials company reported $0.35 earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). Fortuna Mining had a net margin of 31.07% and a return on equity of 16.26%. The firm had revenue of $342.47 million during the quarter, compared to the consensus estimate of $340.00 million. As a group, equities research analysts expect that Fortuna Mining Corp. will post 1.43 earnings per share for the current year.

Fortuna Mining Profile

Fortuna Mining Corp. engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d’Ivoire. The company was formerly known as Fortuna Silver Mines Inc and changed its name to Fortuna Mining Corp.