74,839 Shares in Fortuna Mining Corp. $FSM Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. purchased a new position in shares of Fortuna Mining Corp. (NYSE:FSM) (TSE:FVI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 74,839 shares of the basic materials company’s stock, valued at approximately $824,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Capital Wealth Advisors acquired a new position in Fortuna Mining during the third quarter worth $114,000. Global Strategic Management Inc. boosted its position in Fortuna Mining by 4.6% during the third quarter. Global Strategic Management Inc. now owns 1,046,319 shares of the basic materials company’s stock worth $11,750,000 after purchasing an additional 45,900 shares in the last quarter. Bullock Wealth Management Group purchased a new stake in Fortuna Mining during the third quarter worth $69,000. Farther Finance Advisors LLC purchased a new stake in Fortuna Mining during the third quarter worth $108,000. Finally, Engineers Gate Manager LP grew its holdings in Fortuna Mining by 44.2% in the second quarter. Engineers Gate Manager LP now owns 330,415 shares of the basic materials company’s stock valued at $2,792,000 after purchasing an additional 101,266 shares during the last quarter. Institutional investors and hedge funds own 33.80% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Wall Street Zen cut Fortuna Mining from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 12th. Zacks Research raised Fortuna Mining from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Weiss Ratings upgraded shares of Fortuna Mining from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, October 8th. Finally, Scotiabank reissued an “outperform” rating on shares of Fortuna Mining in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Fortuna Mining Price Performance

Fortuna Mining stock opened at $9.51 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.00 and a quick ratio of 2.50. The stock has a market capitalization of $2.81 billion, a P/E ratio of 8.06 and a beta of 1.05. The firm’s 50-day moving average is $11.45 and its two-hundred day moving average is $10.12. Fortuna Mining Corp. has a 12-month low of $7.70 and a 12-month high of $13.85.

Fortuna Mining (NYSE:FSM) (TSE:FVI) last announced its earnings results on Wednesday, August 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.05). The firm had revenue of $318.41 million for the quarter, compared to analyst estimates of $325.00 million. Fortuna Mining had a return on equity of 17.48% and a net margin of 31.99%. Equities analysts predict that Fortuna Mining Corp. will post 1.21 earnings per share for the current year.

About Fortuna Mining

Fortuna Mining Corp. is a precious metals mining company that explores, develops and operates mines producing gold and silver. The company’s portfolio also includes polymetallic production, including lead and zinc concentrates from its Caylloma operation in Peru. Fortuna sells its metal production to international smelters and refiners.

Fortuna’s operating portfolio includes the Lindero gold mine in Salta, Argentina; the Séguéla gold mine in Côte d’Ivoire; the Yaramoko gold mine in Burkina Faso; and the Caylloma silver-polymetallic mine in Peru.