Campbell & CO Investment Adviser LLC Sells 236,555 Shares of Fortuna Mining Corp. $FSM

Campbell & CO Investment Adviser LLC lowered its holdings in shares of Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) by 87.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,918 shares of the basic materials company’s stock after selling 236,555 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in Fortuna Mining were worth $215,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in FSM. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Fortuna Mining by 11.4% in the 1st 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 purchasing an additional 859,398 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of 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 worth $51,046,000 after buying an additional 1,368,600 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Fortuna Mining by 17.7% during the first quarter. American Century Companies Inc. now owns 5,928,763 shares of the basic materials company’s stock worth $36,075,000 after acquiring an additional 889,933 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Fortuna Mining by 123.9% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 4,859,600 shares of the basic materials company’s stock worth $29,553,000 after acquiring an additional 2,688,900 shares during the last quarter. Finally, Euro Pacific Asset Management LLC grew its stake in Fortuna Mining by 1.5% during the second quarter. Euro Pacific Asset Management LLC now owns 4,417,962 shares of the basic materials company’s stock valued at $28,883,000 after acquiring an additional 63,508 shares in the last quarter. 33.80% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Zacks Research cut shares of Fortuna Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 15th. BMO Capital Markets reaffirmed an “outperform” rating on shares of Fortuna Mining in a report on Friday, August 8th. Weiss Ratings reiterated a “buy (b)” rating on shares of Fortuna Mining in a research report on Tuesday, November 11th. Wall Street Zen upgraded Fortuna Mining from a “hold” rating to a “buy” rating in a report on Sunday, November 9th. Finally, Scotiabank upped their price objective on Fortuna Mining from $8.50 to $10.50 and gave the stock a “sector perform” rating in a report on Thursday, October 23rd. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $9.25.

Fortuna Mining Price Performance

NYSE:FSM opened at $8.26 on Tuesday. The firm has a market capitalization of $2.53 billion, a price-to-earnings ratio of 16.51 and a beta of 0.85. 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 business has a 50 day simple moving average of $8.46 and a 200-day simple moving average of $7.29. Fortuna Mining Corp. has a 1 year low of $4.13 and a 1 year high of $9.81.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last released its quarterly earnings results on Wednesday, November 5th. The basic materials company reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.08). The company had revenue of $246.75 million for the quarter, compared to analysts’ expectations of $242.19 million. Fortuna Mining had a net margin of 14.36% and a return on equity of 12.74%. Equities analysts forecast that Fortuna Mining Corp. will post 0.51 EPS for the current year.

Fortuna Mining Company 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.