Kingfisher(KGFHY)
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Fortuna drills 4.5 g/t Au over 37.4 meters at Kingfisher and 11.2 g/t Au over 5.6 meters at Sunbird, Séguéla Mine, Côte d'Ivoire
GlobeNewswire News Room· 2025-08-18 09:00
Core Viewpoint - Fortuna Mining Corp. has reported promising exploration drilling results from the Kingfisher and Sunbird deposits at the Séguéla Mine in Côte d'Ivoire, indicating significant mineralization and potential for resource expansion [1][2]. Kingfisher Deposit Highlights - A successful infill drill program at Kingfisher confirmed broad mineralization, with notable intersections including 4.5 g/t Au over an estimated true width of 37.4 meters from 79 meters in drill hole SGRD2363 [2][3]. - Additional highlights include: - 9.4 g/t Au over an estimated true width of 17.0 meters from 105 meters in drill hole SGRD2313, including 58.1 g/t Au over 0.9 meters [3]. - 5.6 g/t Au over an estimated true width of 22.1 meters from 83 meters in drill hole SGRD2349, including 63.1 g/t Au over 0.9 meters [3]. - A total of 78 drill holes, totaling 13,262 meters, have been completed at Kingfisher, with ongoing drilling planned through 2025 [3]. Sunbird Deposit Highlights - Drilling at the Sunbird deposit has also returned excellent results, including 8.5 g/t Au over an estimated true width of 7.0 meters from 566 meters in drill hole SGRD2431 [2][8]. - Additional highlights include: - 10.4 g/t Au over an estimated true width of 4.9 meters from 483 meters in drill hole SGRD2427 [8]. - 11.2 g/t Au over an estimated true width of 5.6 meters from 479 meters in drill hole SGRD2409 [9]. - A total of 41 drill holes, totaling 17,532 meters, have been completed at Sunbird, with drilling scheduled to continue until the end of 2025 [8][9]. Geological Insights - The Kingfisher mineralization exhibits a moderate northerly plunge, which is atypical for the region, suggesting localized geological movements [4]. - Mineralization remains open at depth and along strike for both deposits, indicating further exploration potential [2][10]. Quality Control and Methodology - All drilling was conducted under the supervision of Fortuna personnel, adhering to standardized procedures and methodologies [11][12]. - Reverse Circulation (RC) and Diamond Drilling (DD) methods were employed, with rigorous quality assurance and control measures in place [13][14][15]. Company Overview - Fortuna Mining Corp. is a Canadian precious metals mining company with a focus on sustainable operations and stakeholder relationships, operating three mines and holding exploration projects in multiple countries [18].
Kingfisher (KGFHY) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-08-13 17:01
Core Viewpoint - Kingfisher PLC (KGFHY) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based on changes in earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - Institutional investors often rely on earnings estimates to determine the fair value of stocks, leading to significant price movements when estimates are revised [4]. Company Performance and Outlook - The upgrade for Kingfisher indicates an improvement in the company's underlying business, which is expected to positively influence its stock price [5][10]. - Kingfisher is projected to earn $0.57 per share for the fiscal year ending January 2026, with no year-over-year change, but the Zacks Consensus Estimate has increased by 3.7% over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7][9]. - Kingfisher's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].
All You Need to Know About Kingfisher (KGFHY) Rating Upgrade to Buy
ZACKS· 2025-07-03 17:00
Core Viewpoint - Kingfisher PLC (KGFHY) has been upgraded to a Zacks Rank 2 (Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks Consensus Estimate for Kingfisher for the fiscal year ending January 2026 is projected at $0.57 per share, remaining unchanged from the previous year [9]. - Over the past three months, analysts have increased their earnings estimates for Kingfisher by 3.7% [9]. Zacks Rating System - The Zacks rating system is based solely on a company's changing earnings picture, which is tracked through the Zacks Consensus Estimate [2]. - The system classifies stocks into five groups, with Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell), and has shown an impressive track record, with Zacks Rank 1 stocks averaging a +25% annual return since 1988 [8]. - Kingfisher's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong earnings estimate revisions and potential for market-beating returns [11]. Market Influence - Changes in earnings estimates are strongly correlated with near-term stock price movements, influenced by institutional investors who adjust their valuations based on these estimates [5][6]. - The Zacks rating system provides a more balanced perspective compared to traditional Wall Street ratings, maintaining an equal proportion of "buy" and "sell" ratings across its universe of stocks [10].
Kingfisher Announces Upsize of Brokered Private Placement to $10.6 Million
Newsfile· 2025-05-26 20:37
Core Viewpoint - Kingfisher Metals Corp. is increasing its private placement offering to raise up to $10,590,538 through the issuance of non-flow-through and flow-through units, with the offering expected to close around June 3, 2025 [1][7]. Group 1: Offering Details - The company will issue up to 7,000,000 non-flow-through units at a price of $0.25 each and up to 21,302,500 flow-through units at a price of $0.415 each [1]. - Each non-flow-through unit consists of one common share and one-half of a common share purchase warrant, while each flow-through unit consists of one common share and one-half of a warrant [2]. - The warrants allow holders to acquire one common share at a price of $0.40 for 36 months, with potential acceleration of expiry if the share price exceeds $0.55 for 20 consecutive trading days [3]. Group 2: Use of Proceeds - Proceeds from the sale of flow-through units will be used for eligible Canadian exploration expenses related to the company's projects in British Columbia, with a deadline for incurring these expenses set for December 31, 2026 [6]. Group 3: Regulatory and Closing Information - The offering is subject to regulatory approvals, including from the TSX Venture Exchange, and is expected to close on or about June 3, 2025 [7]. - The offered securities will be subject to a four-month hold period under Canadian securities laws following the closing date [7]. Group 4: Company Overview - Kingfisher Metals Corp. is focused on copper-gold exploration in British Columbia's Golden Triangle and has consolidated a significant land position of 849 km² at the HWY 37 Project, along with two gold projects totaling 641 km² [8].
Are Retail-Wholesale Stocks Lagging Kingfisher (KGFHY) This Year?
ZACKS· 2025-05-26 14:46
Company Performance - Kingfisher PLC (KGFHY) has gained approximately 30.6% year-to-date, significantly outperforming the average gain of about 2% in the Retail-Wholesale sector [4] - The Zacks Consensus Estimate for Kingfisher PLC's full-year earnings has increased by 5.7% over the past 90 days, indicating improving analyst sentiment and a positive earnings outlook [3] Industry Comparison - Kingfisher PLC belongs to the Retail - Miscellaneous industry, which includes 17 companies and currently ranks 29 in the Zacks Industry Rank. This industry has seen an average loss of about 11.8% year-to-date, highlighting Kingfisher's superior performance within its industry [5] - In contrast, MONOTARO (MONOY), another Retail-Wholesale stock, has returned 20.1% since the beginning of the year, but still lags behind Kingfisher PLC [4][6]
What Makes Kingfisher PLC (KGFHY) a Strong Momentum Stock: Buy Now?
ZACKS· 2025-05-22 17:01
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Kingfisher PLC (KGFHY) - Kingfisher PLC currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] Price Performance - Over the past week, KGFHY shares increased by 1.6%, while the Zacks Retail - Miscellaneous industry rose by 6.05% [5] - In a longer timeframe, KGFHY's monthly price change is 14.99%, outperforming the industry's 9.21% [5] - KGFHY shares have surged by 29.29% over the past quarter and 25.53% over the last year, compared to the S&P 500's movements of -2.56% and 11.12% respectively [6] Trading Volume - The average 20-day trading volume for KGFHY is 156,119 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for KGFHY has increased, while none have decreased, raising the consensus estimate from $0.54 to $0.56 [9] - For the next fiscal year, one estimate has moved upwards with no downward revisions during the same period [9] Conclusion - Given the strong momentum indicators and positive earnings outlook, KGFHY is recommended as a 2 (Buy) stock with a Momentum Score of A, making it a potential candidate for near-term investment [11]
Kingfisher (KGFHY) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-05-14 17:05
Core Viewpoint - Kingfisher PLC has been upgraded 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 emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for Kingfisher suggest an improvement in the company's underlying business, likely leading to higher stock prices [5]. Recent Earnings Estimate Revisions - For the fiscal year ending January 2026, Kingfisher is expected to earn $0.55 per share, reflecting a 5.8% increase from the previous year [8]. - Over the past three months, the Zacks Consensus Estimate for Kingfisher has increased by 1.9% [8]. Zacks Rank System Overview - 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]. - Kingfisher's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10].
Is Kingfisher (KGFHY) Stock Outpacing Its Retail-Wholesale Peers This Year?
ZACKS· 2025-05-08 14:45
Group 1: Company Overview - Kingfisher PLC (KGFHY) is a notable stock within the Retail-Wholesale sector, currently ranked 9 in the Zacks Sector Rank, which evaluates the strength of 16 sector groups based on individual stock performance [2] - Kingfisher PLC has a Zacks Rank of 2 (Buy), indicating a positive earnings outlook based on earnings estimates and revisions [3] Group 2: Performance Metrics - Kingfisher PLC has achieved a year-to-date return of 26.7%, significantly outperforming the average loss of 1.8% in the Retail-Wholesale sector [4] - The Zacks Consensus Estimate for Kingfisher's full-year earnings has increased by 1.9% over the past quarter, reflecting improved analyst sentiment [4] Group 3: Industry Context - Kingfisher PLC is part of the Retail - Miscellaneous industry, which includes 17 stocks and is currently ranked 73 in the Zacks Industry Rank; this industry has seen an average loss of 13.7% year-to-date, indicating Kingfisher's superior performance [6] - In contrast, another Retail-Wholesale stock, Marks and Spencer Group PLC (MAKSY), has returned 4.8% year-to-date and belongs to the Retail - Supermarkets industry, which is ranked 77 and has increased by 10.1% [5][6] Group 4: Investment Considerations - Investors in the Retail-Wholesale sector should monitor Kingfisher PLC and Marks and Spencer Group PLC for their strong performance trends [7]
Are Retail-Wholesale Stocks Lagging Compagnie Financiere Richemont (CFRUY) This Year?
ZACKS· 2025-04-21 14:46
Group 1 - Compagnie Financiere Richemont AG (CFRUY) is outperforming its sector with a year-to-date gain of 10.4%, while the Retail-Wholesale sector has lost an average of 8.1% [4] - The Zacks Consensus Estimate for CFRUY's full-year earnings has increased by 5.7% over the past quarter, indicating improving analyst sentiment [4] - CFRUY belongs to the Retail - Jewelry industry, which has seen a decline of about 30.8% this year, further highlighting its strong performance relative to its peers [6] Group 2 - Kingfisher PLC (KGFHY) is another stock in the Retail-Wholesale sector that has outperformed, with a year-to-date return of 15.7% [5] - The consensus EPS estimate for Kingfisher PLC has increased by 1.9% over the past three months, reflecting a positive outlook [5] - The Retail - Miscellaneous industry, to which Kingfisher PLC belongs, has declined by 17.9% this year, indicating that both CFRUY and KGFHY are performing well compared to their respective industries [6]
Is Compagnie Financiere Richemont (CFRUY) Stock Outpacing Its Retail-Wholesale Peers This Year?
ZACKS· 2025-04-03 14:46
Group 1 - Compagnie Financiere Richemont AG (CFRUY) has outperformed its Retail-Wholesale peers with a year-to-date gain of approximately 15.6%, while the sector has seen an average loss of about 1.5% [4] - The Zacks Consensus Estimate for CFRUY's full-year earnings has increased by 3.3% over the past quarter, indicating improving analyst sentiment and a positive earnings outlook [4] - CFRUY belongs to the Retail - Jewelry industry, which has an average loss of 23.7% this year, further highlighting its strong performance relative to its industry [6] Group 2 - Kingfisher PLC (KGFHY) is another Retail-Wholesale stock that has shown strong performance, returning 9.8% since the beginning of the year [5] - The Retail - Miscellaneous industry, which includes Kingfisher PLC, has experienced a decline of 7.6% this year, indicating that CFRUY is performing better than its peers in different industries [7] - Both Compagnie Financiere Richemont AG and Kingfisher PLC are recommended for investors interested in Retail-Wholesale stocks due to their solid performance [7]