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Fortuna Mining (FSM) Rises Higher Than Market: Key Facts
ZACKS· 2025-01-10 00:20
Company Performance - Fortuna Mining (FSM) closed at $4.51, reflecting a +0.67% change from the previous session, outperforming the S&P 500's daily gain of 0.16% [1] - The stock has decreased by 11.74% over the past month, underperforming the Basic Materials sector's loss of 9.84% and the S&P 500's loss of 2.7% [1] Earnings Outlook - Fortuna Mining is projected to report earnings of $0.16 per share, indicating a year-over-year growth of 128.57% [2] Analyst Estimates - Recent changes to analyst estimates for Fortuna Mining are noteworthy, as they often reflect shifts in near-term business trends, with positive revisions seen as favorable for the company's outlook [3] - The Zacks Rank system, which incorporates these estimate changes, provides actionable insights for investors [4] Zacks Rank and Valuation - Fortuna Mining currently holds a Zacks Rank of 2 (Buy), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [5] - The company has a Forward P/E ratio of 8.05, indicating a discount compared to its industry's Forward P/E of 12.35 [6] Industry Context - Fortuna Mining operates within the Mining - Miscellaneous industry, which is part of the Basic Materials sector, currently ranked 155 in the Zacks Industry Rank, placing it in the bottom 39% of over 250 industries [6][7]
Bullish Gold Boosts Fortuna Mining Outlook, Shares Trade Low
Seeking Alpha· 2024-12-28 07:20
Core Insights - The article emphasizes the importance of a versatile investment strategy that caters to various investor profiles, including dividend investors, value seekers, and those looking for growth opportunities [1]. Summary by Categories Investment Strategy - The investment strategy described is adaptable and can fit the needs of any investor type, whether they focus on dividends, value propositions, or growth opportunities [1].
Bet On These 5 Top-Ranked Stocks With Rising P/E
ZACKS· 2024-12-27 13:31
Investors often opt for an approach that focuses on stocks with a low price-to-earnings (P/E) ratio. This strategy is based on the notion that the lower the P/E ratio, the higher the stock value. The reasoning behind this is straightforward — when a stock's current market price does not adequately reflect its higher earnings, it suggests potential for growth.But there is more to this whole P/E story. Not only stocks with a low P/E, the ones with a rising P/E can also fetch strong returns. In this regard, in ...
Fortuna extends Kingfisher deposit with drill intersect of 4.1 g/t Au over 15.3 meters at the Séguéla Mine, Côte d'Ivoire
Newsfilter· 2024-12-16 10:00
Core Insights - Fortuna Mining Corp. has provided an update on its exploration program at the Séguéla Mine in Côte d'Ivoire, highlighting significant drilling results and the potential for resource expansion [1][2]. Drilling Results - At the Kingfisher deposit, recent drilling has intersected notable gold grades, including 15.3 meters averaging 4.1 g/t Au and 17 meters averaging 3.3 g/t Au, located approximately 150 meters from the previously reported Inferred Resource of 294,000 ounces averaging 2.3 g/t Au [2][3]. - The Sunbird deposit has also shown promising results, with high-grade intersections such as 20.4 g/t Au over an estimated true width of 19.6 meters [7][8]. Exploration Program - A total of 58 holes, amounting to 11,103 meters, have been drilled at the Kingfisher deposit since early September 2024, with ongoing drilling expected to continue into the second quarter of 2025 [3][5]. - The Sunbird deposit has received results from 24 holes totaling 9,065 meters of a planned 12,000-meter drilling program, indicating the potential for further resource definition and underground mining evaluation [7][9]. Geological Insights - Mineralization at the Kingfisher deposit is associated with a deformed contact zone between felsic intrusives and basaltic units, with a notable change in strike orientation correlating with higher-grade mineralization intervals [4]. - The mineralization remains open at depth, with significant potential for further exploration below the current drilling limits [8][9]. Future Plans - The company plans to continue drilling into the first half of 2025 to support an updated resource model and underground mining studies at both the Kingfisher and Sunbird deposits [9][5].
Looking for a Growth Stock? 3 Reasons Why Fortuna (FSM) is a Solid Choice
ZACKS· 2024-12-11 18:46
Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks i ...
Fortuna reports progress on its share buyback program
GlobeNewswire News Room· 2024-12-03 10:00
VANCOUVER, British Columbia, Dec. 03, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to report that during the fourth quarter as of Friday, November 29, 2024, it has repurchased under the Company’s normal course issuer bid (NCIB) an aggregate of 6,402,640 common shares on the open market of the New York Stock Exchange. Shares were repurchased at a weighted-average price of $4.77 per common share for a total gross amount of $30,529,066, excluding brokerage fees; these shares ...
3 Reasons Why Fortuna (FSM) Is a Great Growth Stock
ZACKS· 2024-11-25 18:51
Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, the task of finding cutting-edge growth stocks is made easy with the help ...
Fortuna Mining's Q3 Earnings Beat Estimates, Rise Y/Y on High Prices
ZACKS· 2024-11-11 18:30
Fortuna Mining Corp. (FSM) reported third-quarter 2024 adjusted earnings per share of 16 cents, which beat the Zacks Consensus Estimate of 11 cents. The bottom-line figure marked a 60% improvement from the year-ago quarter, driven by higher gold and silver prices, which offset lower sales volumes. After adjusting for non-cash and non-recurring items, adjusted attributable net income was $49.9 million compared with $29.6 million in the year-ago quarter. Attributable net income in the third quarter increased ...
Fortuna(FSM) - 2024 Q3 - Earnings Call Transcript
2024-11-07 21:13
Fortuna Mining Corp. (NYSE:FSM) Q3 2024 Results Conference Call November 7, 2024 12:00 PM ET Company Participants Carlos Baca - Vice President, Investor Relations Jorge Alberto Ganoza - President and Chief Executive Officer Luis D. Ganoza - Chief Financial Officer David Whittle - Chief Operating Officer, West Africa Conference Call Participants Don DeMarco - National Bank Financial Adrian Pay - Adrian Pay Asset Management Operator Greetings. Welcome to Fortuna Mining's Q3 2024 Financial and Operation Result ...
Fortuna reports record earnings for the third quarter of 2024
GlobeNewswire News Room· 2024-11-07 00:57
(All amounts are expressed in US dollars, tabular amounts in millions, unless otherwise stated) VANCOUVER, British Columbia, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) (“Fortuna” or the “Company”) today reported its financial and operating results for the third quarter of 2024. “In the third quarter, a focus on cost discipline and safe operations allowed Fortuna to capture the benefit of rising metal prices and achieve record attributable earnings of $50.5 million and reco ...