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Here is Why Growth Investors Should Buy Fortuna (FSM) Now
ZACKS· 2025-05-15 17:45
Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill this potential is challenging [1] Group 1: Fortuna Mining Overview - Fortuna Mining (FSM) is highlighted as a recommended growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 19.6%, with projected EPS growth of 46.7% this year, surpassing the industry average of 46.2% [4] Group 2: Cash Flow Growth - Fortuna's year-over-year cash flow growth is 31.4%, significantly higher than the industry average of -4.1% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 38%, compared to the industry average of 4.8% [6] Group 3: Earnings Estimate Revisions - There has been a positive trend in earnings estimate revisions for Fortuna, with the Zacks Consensus Estimate for the current year increasing by 6.3% over the past month [7] Group 4: Investment Positioning - Fortuna has earned a Growth Score of A and carries a Zacks Rank 2 due to positive earnings estimate revisions, positioning it well for potential outperformance [9]
FSM Divests Yaramoko Mine, Provides Updated 2025 GEO Outlook
ZACKS· 2025-05-15 15:36
Core Viewpoint - Fortuna Mining Corp. has completed the sale of its interest in the Yaramoko Mine and three other subsidiaries to Soleil Resources International Ltd, marking a strategic shift in its operational focus and liquidity management [1][2][3][4]. Group 1: Sale Details - Fortuna Mining sold its interest in the Yaramoko Mine due to its limited remaining life and challenging operating conditions in Burkina Faso [3]. - The sale generated $70 million for Fortuna Mining, along with a $53.8 million dividend received prior to the deal's closure [4]. - The transaction is expected to enhance Fortuna Mining's liquidity, increasing cash and short-term investments to over $380 million and total liquidity to over $530 million [4]. Group 2: Operational Impact - Following the sale, Fortuna Mining will no longer have operations in Burkina Faso, with its portfolio now including the Séguéla mine in Côte d'Ivoire, Lindero mine in Argentina, Caylloma mine in Peru, and the Diamba Sud Gold Project in Senegal [2]. - The company has updated its 2025 gold equivalent production forecast to 309,000-339,000 ounces, a decrease from the previous range of 380,000-422,000 ounces, reflecting an 18% year-over-year dip [5]. - The All-in Sustaining Cost for 2025 is now projected to be between $1,670 and $1,765 per GEO, up from the earlier estimate of $1,550 to $1,680, primarily due to the exclusion of Yaramoko's contribution [5]. Group 3: Stock Performance - Fortuna Mining's shares have increased by 0.9% over the past year, contrasting with a 7% decline in the industry [6].
Fortuna Mining (FSM) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2025-04-29 23:20
Fortuna Mining (FSM) ended the recent trading session at $6.07, demonstrating a -1.62% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.58%. At the same time, the Dow added 0.75%, and the tech-heavy Nasdaq gained 0.55%.Shares of the silver and gold miner have appreciated by 1.15% over the course of the past month, outperforming the Basic Materials sector's loss of 1.58% and the S&P 500's loss of 0.84%.The investment community will be paying clos ...
Fortuna (FSM) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-04-24 17:05
Core Viewpoint - Fortuna Mining (FSM) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in stock price movements [4]. Fortuna's Earnings Outlook - For the fiscal year ending December 2025, Fortuna is expected to earn $0.66 per share, reflecting a 43.5% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Fortuna has risen by 4.8%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - The upgrade of Fortuna to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].
Is Fortuna Mining Corp. (FSM) Outperforming Other Basic Materials Stocks This Year?
ZACKS· 2025-04-24 14:46
Company Performance - Fortuna Mining has gained approximately 42% year-to-date, significantly outperforming the average gain of 2.6% in the Basic Materials sector [4] - The Zacks Consensus Estimate for Fortuna Mining's full-year earnings has increased by 4.8% over the past three months, indicating improved analyst sentiment and a stronger earnings outlook [4] - Fortuna Mining currently holds a Zacks Rank of 2 (Buy), suggesting a favorable investment outlook [3] Industry Comparison - Fortuna Mining is part of the Mining - Miscellaneous industry, which includes 58 companies and has an average year-to-date gain of 3.2, indicating that Fortuna Mining is performing better than its industry peers [6] - In contrast, Akzo Nobel NV, another stock in the Basic Materials sector, has a year-to-date return of 4.5% and belongs to the Chemical - Diversified industry, which has seen a decline of 18.7% year-to-date [5][6] - The Basic Materials sector ranks 8 in the Zacks Sector Rank, reflecting the overall strength of the sector [2]
Fortuna to release first quarter 2025 financial results on May 7, 2025; Conference call at 12 p.m. Eastern time on May 8, 2025
GlobeNewswire News Room· 2025-04-22 09:00
VANCOUVER, British Columbia, April 22, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) announces that it will release its financial statements and MD&A for the first quarter on Wednesday, May 7, 2025, after the market closes. A conference call to discuss the financial and operational results will be held on Thursday, May 8, 2025, at 9:00 a.m. Pacific time | 12:00 p.m. Eastern time. Hosting the call will be Jorge A. Ganoza, President and CEO, Luis D. Ganoza, Chief Financial Officer, Cesa ...
Fortuna to release first quarter 2025 financial results on May 7, 2025; Conference call at 12 p.m. Eastern time on May 8, 2025
Newsfilter· 2025-04-22 09:00
Core Points - Fortuna Mining Corp. will release its financial statements and MD&A for Q1 on May 7, 2025, after market close [1] - A conference call to discuss the results will take place on May 8, 2025, at 9:00 a.m. Pacific time [2] - The call will be hosted by key executives including the President and CEO, CFO, and COOs for Latin America and West Africa [2] Conference Call Details - Date: May 8, 2025 [4] - Time: 9:00 a.m. Pacific time | 12:00 p.m. Eastern time [4] - Dial-in numbers: Toll-Free: +1.888.506.0062, International: +1.973.528.0011 [4] - Access code for the call: 794316 [4] - Replay availability until May 22, 2025, for the call and until May 8, 2026, for the webcast [4] Company Overview - Fortuna Mining Corp. is a Canadian precious metals mining company with operations in multiple countries including Argentina, Burkina Faso, Côte d'Ivoire, Mexico, and Peru [5] - The company focuses on sustainability, producing gold and silver while ensuring environmental protection and social responsibility [5]
FSM Divests San Jose Mine, Signs Agreement to Sell Yaramoko Mine
ZACKS· 2025-04-14 13:50
Core Insights - Fortuna Mining Corp. has completed the sale of its non-core San Jose mine in Mexico and is exiting Burkina Faso by selling the Yaramoko mine, indicating a strategic shift in its operations [1][5] Sale of San Jose Mine - The San Jose mine was operated for thirteen years, producing 2.5 million ounces of silver and 17,811 ounces of gold in 2024, but was placed on care and maintenance due to high operating costs and depleting reserves [2] - The buyer, RC Ingeniería y Construcción S.A.C., paid an upfront amount of $6.5 million, with an additional $1.2 million expected by April 30, 2025, and potential future payments of up to $8.3 million [3][4] Exit from Burkina Faso - Fortuna Mining has signed an agreement to sell its interest in Roxgold Sanu SA, which owns the Yaramoko mine, and other subsidiaries, with the deal expected to close in the second quarter of 2025 [5] - Yaramoko produced 116,206 ounces of gold in 2024 and 33,073 ounces in the first quarter of 2025, but had a remaining mine life of only one and a half years as of December 31, 2024 [6] Financial Implications - The sale of Yaramoko will save Fortuna Mining approximately $20 million in future mine closure liabilities and provide additional liquidity for strategic objectives [7] - Fortuna Mining will receive around $130 million from the Yaramoko sale, including $70 million at closing and $57.5 million in cash dividends, along with potential value-added tax receivables [8] Future Operations - Post-sale, Fortuna Mining will no longer have operations in Burkina Faso and will focus on its remaining assets, including the Séguéla mine in Côte d'Ivoire, Lindero mine in Argentina, and Caylloma mine in Peru [9] Stock Performance - Fortuna Mining shares have increased by 41.5% over the past year, contrasting with a 17.7% decline in the industry [11]
Fortuna completes sale of non-core San Jose Mine, Mexico
GlobeNewswire News Room· 2025-04-14 09:00
VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce the successful completion of the sale of its 100 percent interest in Compañia Minera Cuzcatlan S.A. de C.V. (“Cuzcatlan”) to JRC Ingeniería y Construcción S.A.C. (“JRC”), a private Peruvian company (the “Transaction”). Cuzcatlan is the owner of a 100 percent interest in the San Jose Mine in the state of Oaxaca, Mexico. The Transaction closed simultaneously with the execution of ...
Fortuna Mining's Gold Equivalent Production Slips 8% Y/Y in Q1
ZACKS· 2025-04-11 15:55
Core Viewpoint - Fortuna Silver Mines Inc. reported a decrease in gold equivalent production in Q1 2025, while gold production showed a slight increase year-over-year [1]. Group 1: Production Performance - Fortuna Silver produced 103,459 gold equivalent ounces in Q1 2025, an 8.1% decrease from the same quarter last year, with gold production at 91,893 ounces, reflecting a 2.5% year-over-year increase [1]. - The Séguéla mine in Côte d'Ivoire contributed 38,500 ounces of gold in Q1 2025, with an expected annual production range of 134,000-147,000 ounces for 2025 [2]. - The Yaramoko Mine in Burkina Faso produced 33,073 ounces of gold, a 12% sequential increase, with expected production between 107,000 and 121,000 ounces for 2025 [3]. - The Lindero mine in Argentina saw a decline in Q1 gold production to 20,320 ounces, down 24% sequentially, with an annual guidance of 93,000-105,000 ounces for 2025 [3]. - The Caylloma mine in Peru produced 242,993 ounces of silver in Q1, with gold output at 11,566 ounces, both lower than the previous quarter [4]. Group 2: Future Guidance - Fortuna Silver anticipates lower production in 2025 due to the expected sale of the San Jose Mine, with gold production guidance set at 334,000-373,000 ounces and silver production guidance at 0.9-1 million ounces [5]. Group 3: Stock Performance - Fortuna Silver's shares have increased by 35.1% over the past year, contrasting with an 18.1% decline in the industry [6].