Are Smart Investors Making the Right Decision? Fortuna Mining Corp. (FSM)

With 3.02 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.02 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $4.77 whereas the lowest price it dropped to was $4.605. The 52-week range on FSM shows that it touched its highest point at $6.36 and its lowest point at $2.63 during that stretch. It currently has a 1-year price target of $6.28. Beta for the stock currently stands at 1.60.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FSM was up-trending over the past week, with a rise of 5.39%, but this was down by -5.06% over a month. Three-month performance dropped to -13.63% while six-month performance rose 2.40%. The stock gained 68.71% in the past year, while it has gained 21.50% so far this year. A look at the trailing 12-month EPS for FSM yields 0.01 with Next year EPS estimates of 0.62. For the next quarter, that number is 0.15. This implies an EPS growth rate of 117.04% for this year and 30.49% for next year.

Float and Shares Shorts:

At present, 313.33 million FSM shares are outstanding with a float of 309.57 million shares on hand for trading. On 2024-09-30, short shares totaled 11.59 million, which was 370.0 higher than short shares on 1724976000. In addition to Mr. Jorge A. Ganoza Durant B.Sc., Eng as the firm’s Co-Founder, President, CEO & Director, Mr. Mario D. Szotlender serves as its Co-Founder & Director.

Institutional Ownership:

Through their ownership of 0.55042 of FSM’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-06-30, FSM reported revenue of $259971000.0 and operating income of $56344000.0. The EBITDA in the recently reported quarter was $113455000.0 and diluted EPS was $0.13.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FSM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential.