De Lisle Partners LLP Has $2.25 Million Holdings in Fortuna Mining Corp. $FSM

De Lisle Partners LLP cut its holdings in shares of Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) by 23.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 228,775 shares of the basic materials company’s stock after selling 70,000 shares during the quarter. De Lisle Partners LLP’s holdings in Fortuna Mining were worth $2,245,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Centric Wealth Management lifted its position in shares of Fortuna Mining by 10.0% in the fourth quarter. Centric Wealth Management now owns 11,000 shares of the basic materials company’s stock worth $108,000 after buying an additional 1,000 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its position in shares of Fortuna Mining by 1.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 158,579 shares of the basic materials company’s stock worth $1,554,000 after buying an additional 1,500 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Fortuna Mining by 100.0% in the second quarter. Geneos Wealth Management Inc. now owns 4,000 shares of the basic materials company’s stock worth $26,000 after buying an additional 2,000 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of Fortuna Mining by 126.8% in the second quarter. EverSource Wealth Advisors LLC now owns 4,813 shares of the basic materials company’s stock worth $31,000 after buying an additional 2,691 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Fortuna Mining in the third quarter worth about $27,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Fortuna Mining Trading Up 3.8%

Fortuna Mining stock opened at $8.93 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.74 and a current ratio of 3.17. The business’s 50-day simple moving average is $9.88 and its 200-day simple moving average is $10.27. The firm has a market capitalization of $2.71 billion, a PE ratio of 8.43 and a beta of 0.94. Fortuna Mining Corp. has a 52 week low of $6.17 and a 52 week high of $13.85.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Zacks Research cut Fortuna Mining from a “hold” rating to a “strong sell” rating in a research report on Monday, May 25th. Wall Street Zen raised Fortuna Mining from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings cut Fortuna Mining from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, May 26th. Four research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate 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.