Fortuna Mining Corp. $FSM Shares Sold by De Lisle Partners LLP

De Lisle Partners LLP cut its position in shares of Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) by 23.4% during the 4th quarter, according to the company in its most recent filing with the SEC. 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 owned 0.07% of Fortuna Mining worth $2,245,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Federation des caisses Desjardins du Quebec increased its position in shares of Fortuna Mining by 1.0% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 158,579 shares of the basic materials company’s stock valued at $1,554,000 after purchasing an additional 1,500 shares during the period. HRT Financial LP bought a new stake in shares of Fortuna Mining during the 4th quarter worth $2,418,000. Brooklyn Investment Group bought a new stake in shares of Fortuna Mining during the 4th quarter worth $175,000. Dimensional Fund Advisors LP boosted its stake in shares of Fortuna Mining by 8.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,066,599 shares of the basic materials company’s stock worth $98,758,000 after acquiring an additional 758,657 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC boosted its stake in shares of Fortuna Mining by 15.8% during the 4th quarter. Campbell & CO Investment Adviser LLC now owns 221,566 shares of the basic materials company’s stock worth $2,174,000 after acquiring an additional 30,236 shares in the last quarter. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Zacks Research lowered Fortuna Mining from a “hold” rating to a “strong sell” rating in a research note on Monday, May 25th. Wall Street Zen raised Fortuna Mining from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings lowered Fortuna Mining from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, May 26th. Four analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Fortuna Mining currently has an average rating of “Moderate Buy” and an average price target of $11.00.

Fortuna Mining Stock Up 3.8%

Shares of Fortuna Mining stock opened at $8.93 on Friday. Fortuna Mining Corp. has a 1 year low of $6.17 and a 1 year high of $13.85. The company has a market cap of $2.71 billion, a P/E ratio of 8.43 and a beta of 0.94. 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 stock has a 50-day moving average price of $9.88 and a 200 day moving average price of $10.27.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last announced 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). Fortuna Mining had a return on equity of 16.26% and a net margin of 31.07%.The business had revenue of $342.47 million for the quarter, compared to analyst estimates of $340.00 million. As a group, analysts expect that Fortuna Mining Corp. will post 1.43 EPS for the current fiscal 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. The company was formerly known as Fortuna Silver Mines Inc and changed its name to Fortuna Mining Corp.