Realta Investment Advisors Sells 10,850 Shares of Fortuna Mining Corp. $FSM

Realta Investment Advisors decreased its stake in shares of Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) by 16.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,650 shares of the basic materials company’s stock after selling 10,850 shares during the period. Realta Investment Advisors’ holdings in Fortuna Mining were worth $364,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Fortuna Mining by 11.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,372,171 shares of the basic materials company’s stock worth $50,899,000 after acquiring an additional 859,398 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Fortuna Mining by 19.6% in the first quarter. Goldman Sachs Group Inc. now owns 8,368,272 shares of the basic materials company’s stock valued at $51,046,000 after purchasing an additional 1,368,600 shares in the last quarter. American Century Companies Inc. grew its position in Fortuna Mining by 17.7% in the first quarter. American Century Companies Inc. now owns 5,928,763 shares of the basic materials company’s stock valued at $36,075,000 after purchasing an additional 889,933 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Fortuna Mining by 123.9% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,859,600 shares of the basic materials company’s stock valued at $29,553,000 after purchasing an additional 2,688,900 shares in the last quarter. Finally, Nuveen LLC bought a new position in Fortuna Mining in the first quarter valued at $17,032,000. Institutional investors own 33.80% of the company’s stock.

Fortuna Mining Stock Performance

Shares of FSM stock opened at $8.92 on Friday. The stock has a market cap of $2.74 billion, a P/E ratio of 17.83 and a beta of 0.84. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.71 and a quick ratio of 2.15. The company has a fifty day moving average price of $7.63 and a two-hundred day moving average price of $6.74. Fortuna Mining Corp. has a one year low of $4.13 and a one year high of $9.26.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.08). The firm had revenue of $230.42 million during the quarter, compared to analyst estimates of $220.00 million. Fortuna Mining had a net margin of 14.36% and a return on equity of 12.74%. As a group, equities analysts predict that Fortuna Mining Corp. will post 0.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on FSM. National Bankshares reaffirmed a “sector perform” rating on shares of Fortuna Mining in a research report on Tuesday, June 24th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Fortuna Mining in a research report on Friday, August 8th. Wall Street Zen downgraded shares of Fortuna Mining from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 9th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Fortuna Mining in a research report on Saturday, September 27th. Finally, CIBC raised their target price on shares of Fortuna Mining from $7.00 to $8.00 and gave the company an “underperformer” rating in a research report on Tuesday, July 15th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $8.00.

About Fortuna Mining

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.