Is Fortuna Mining Corp (FSM) positioned for future growth?

With 5.29 million shares changed hands, the volume of the stock remained lighter than its average volume of 6.66 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $4.9499 whereas the lowest price it dropped to was $4.78. 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 $5.95. Beta for the stock currently stands at 1.59.

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 down-trending over the past week, with a drop of -6.25%, but this was down by -1.64% over a month. Three-month performance surged to 12.15% while six-month performance fell -1.03%. The stock gained 69.01% in the past year, while it has gained 24.35% so far this year. A look at the trailing 12-month EPS for FSM yields 0.01 with Next year EPS estimates of 0.65. For the next quarter, that number is 0.11. This implies an EPS growth rate of 125.26% for this year and 31.43% 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 2024-10-15, short shares totaled 11.59 million, which was 376.99999999999994 higher than short shares on 1726185600. 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 0.55609 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.