SG Americas Securities LLC Acquires Shares of 59,736 Fortuna Mining Corp. $FSM

SG Americas Securities LLC acquired a new stake in Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 59,736 shares of the basic materials company’s stock, valued at approximately $586,000.

Other large investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. boosted its position in Fortuna Mining by 100.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 4,000 shares of the basic materials company’s stock valued at $26,000 after buying an additional 2,000 shares during the period. Advisory Services Network LLC purchased a new stake in Fortuna Mining in the 3rd quarter valued at about $27,000. EverSource Wealth Advisors LLC boosted its position in Fortuna Mining by 126.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,813 shares of the basic materials company’s stock valued at $31,000 after buying an additional 2,691 shares during the period. Osaic Holdings Inc. boosted its position in Fortuna Mining by 96.7% in the 2nd quarter. Osaic Holdings Inc. now owns 6,116 shares of the basic materials company’s stock valued at $40,000 after buying an additional 3,006 shares during the period. Finally, Employees Retirement System of Texas raised its holdings in shares of Fortuna Mining by 1,250.0% in the 3rd quarter. Employees Retirement System of Texas now owns 7,263 shares of the basic materials company’s stock valued at $65,000 after purchasing an additional 6,725 shares in the last quarter. 33.80% of the stock is owned by hedge funds and other institutional investors.

Fortuna Mining Trading Down 0.1%

NYSE FSM opened at $10.47 on Monday. The company has a quick ratio of 2.50, a current ratio of 2.98 and a debt-to-equity ratio of 0.11. The firm has a market cap of $3.20 billion, a PE ratio of 11.64 and a beta of 1.01. The company has a 50 day moving average price of $10.85 and a 200 day moving average price of $9.90. Fortuna Mining Corp. has a 52 week low of $5.23 and a 52 week high of $13.85.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.01). The firm had revenue of $270.20 million for the quarter. Fortuna Mining had a return on equity of 14.02% and a net margin of 27.59%. As a group, sell-side analysts forecast that Fortuna Mining Corp. will post 0.51 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Zacks Research upgraded shares of Fortuna Mining from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 3rd. Scotiabank boosted their price target on shares of Fortuna Mining from $11.00 to $14.00 and gave the company an “outperform” rating in a report on Monday, January 26th. Wall Street Zen upgraded shares of Fortuna Mining from a “hold” rating to a “buy” rating in a report on Saturday, March 14th. Weiss Ratings restated a “buy (b)” rating on shares of Fortuna Mining in a report on Monday, December 29th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Fortuna Mining in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the stock. According to data from MarketBeat, Fortuna Mining has a consensus rating of “Buy” and a consensus target price of $11.00.

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. The company was formerly known as Fortuna Silver Mines Inc and changed its name to Fortuna Mining Corp.