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 ongoing exploration efforts [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 from 397 meters in drill hole SGRD2099 [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 as part of a planned 12,000-meter drilling program, aimed at infilling and extending the current mineralized footprint [7][9]. Geological Insights - Mineralization at Kingfisher is associated with a deformed contact zone between felsic intrusives, quartz veining, and basaltic units, with higher-grade intervals coinciding with changes in strike orientation [4]. - The mineralization remains open at depth, with potential for further resource expansion, particularly more than 600 meters below surface at the Sunbird deposit [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].

Group 1: Company Overview - Kingfisher PLC (KGFHY) is a notable stock within the Retail-Wholesale group, which consists of 211 companies [2] - The company currently holds a Zacks Rank of 2 (Buy), indicating a favorable outlook based on earnings estimate revisions [3] Group 2: Performance Metrics - Year-to-date, Kingfisher PLC has returned 35.5%, significantly outperforming the average gain of 21.1% in the Retail-Wholesale sector [4] - The Zacks Consensus Estimate for Kingfisher's full-year earnings has increased by 5.1% over the past quarter, reflecting stronger analyst sentiment [4] Group 3: Industry Context - Kingfisher PLC is part of the Retail - Miscellaneous industry, which ranks 167 in the Zacks Industry Rank, with this group experiencing a loss of about 2.6% year-to-date [6] - In comparison, Lands' End (LE), another outperforming stock in the Retail-Wholesale sector, has seen a year-to-date increase of 72.2% and holds a Zacks Rank of 1 (Strong Buy) [5][7]

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps define momentum characteristics, with Kingfisher PLC (KGFHY) currently holding a Momentum Style Score of A [2] - The Zacks Rank system complements the Style Scores, with KGFHY rated 2 (Buy), indicating potential for outperformance in the market [3] Group 2: Performance Metrics - KGFHY shares have increased by 15.09% over the past week, outperforming the Zacks Retail - Miscellaneous industry, which rose by 2.68% [5] - Over the last quarter, KGFHY shares have surged by 36.42%, and over the past year, they have gained 55.27%, while the S&P 500 has only increased by 4.57% and 31.09%, respectively [6] - The average 20-day trading volume for KGFHY is 115,382 shares, indicating a bullish sign with rising stock prices [7] Group 3: Earnings Outlook - Recent earnings estimate revisions for KGFHY show positive trends, with 2 estimates moving higher for the full year, raising the consensus estimate from $0.49 to $0.52 [9] - For the next fiscal year, 2 estimates have also increased, with no downward revisions, reinforcing the stock's positive outlook [9] - Overall, KGFHY's strong performance metrics and positive earnings outlook contribute to its status as a 2 (Buy) stock with a Momentum Score of A [9]

Financial Data and Key Metrics Changes - Total sales for the group fell by 1.4% to just under GBP 6.8 billion, with a like-for-like decline of 2.4% [5][9] - Gross margin increased by 40 basis points, maintaining competitive price indices across all banners [6][10] - Adjusted profit before tax (PBT) decreased by 0.5% to GBP 334 million, including a one-off benefit of GBP 25 million from business rate refunds [8][10] - Free cash flow generation was strong at GBP 421 million, supported by inventory management and cash tax refunds [8][29] Business Line Data and Key Metrics Changes - E-commerce sales rose by 8.4%, with group e-commerce penetration increasing to 18.3% [7][50] - In the U.K. and Ireland, like-for-like sales were down just 0.2%, with total sales increasing by 1% [13][14] - France's like-for-like sales were 7.2% lower, reflecting a soft consumer environment [15][17] - Poland's like-for-like sales were 0.2% lower, with a significant increase in trade penetration [18][19] Market Data and Key Metrics Changes - The U.K. and Ireland home improvement market is tracking within the higher end of growth scenarios set in March [36][38] - France's market is currently tracking at the low end of scenarios due to subdued consumer confidence [37][38] - Poland's market is in the higher end of scenarios, with improving consumer confidence [37][38] Company Strategy and Development Direction - The company aims to grow market share, manage gross margin, and control costs while focusing on strategic objectives [3][4] - Plans include restructuring and modernizing underperforming stores in France, with a target profit margin of 5% to 7% [4][62] - Expansion plans for Screwfix and Castorama include opening new stores and enhancing e-commerce capabilities [46][47] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about the lag between housing market indicators and home improvement spending [4][36] - There are early signs of an improving housing market in the U.K., but consumer confidence remains weak in France [4][37] - The company is tightening its full-year adjusted PBT guidance to GBP 510 million to GBP 550 million [38] Other Important Information - The company has upgraded its free cash flow guidance for the year and accelerated its share buyback program [5][8] - The interim dividend remains unchanged at 3.8p, reflecting a commitment to shareholder returns [8][32] - The company has made significant progress in cost reduction initiatives, targeting an additional GBP 120 million this year [26][38] Q&A Session Questions and Answers Question: What is the outlook for the home improvement market? - The U.K. and Ireland markets are showing resilience, while France is tracking at the low end of expectations due to weak consumer confidence [36][37] Question: How is the company managing costs? - The company has successfully offset cost inflation through structural reductions and effective management of operating costs [6][26] Question: What are the plans for e-commerce growth? - The company aims to achieve 30% of group sales from e-commerce, with significant growth in marketplace sales [47][52]

The Retail-Wholesale group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Kingfisher PLC (KGFHY) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Retail-Wholesale sector should help us answer this question. Kingfisher PLC is a member of our Retail-Wholesale group, which includes 211 different companies and currently sits at #10 in the Zacks Sector Rank. The Zacks S ...

VANCOUVER, British Columbia, Sept. 10, 2024 (GLOBE NEWSWIRE) -- Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to provide an update on its exploration programs at the Séguéla Mine in Côte d'Ivoire. Séguéla Mine exploration highlights Paul Weedon, Senior Vice President of Exploration at Fortuna, commented, "Kingfisher is rapidly shaping up as a substantial prospect for Séguéla, with a drill defined strike now over 2 kilometers in length and it remains open at depth. Recent drilling highlights include ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |---------------------------------------|-----------------|---------|------------|-----------|----------|-----------|-----------|---------|-----------|--------------|---------|-------------------------| | | | | | | | 148 | 154 | 6 | 5.1 | 1.3 | RC | Kingfisher | | SGRD1839 743650 | 892700 | 433 | 260.1 | 90 | -60 | 238 | 241 | 3 | 2.6 | 3.8 | RCD | Kingfisher | | SGRD1840 743650 | 892800 | 425 | 310.8 | 90 | -60 | 220 | 242 | 22 ...

Kingfisher plc ADR (OTCQX:KGFHY) Q1 Trading Update Call May 22, 2024 6:00 AM ET Company Participants Majid Nazir - Investor Relations Anisha Singhal - Deputy Investor Relations Director Operator Good, that looks like everyone's here. So thank you for joining us this morning to hear from Kingfisher PLC, who announced their Q1 Trading Update yesterday. And today, we're going to hear from Majid Nazir and Anisha Singhal as they talk us through the presentation. There'll be an opportunity for Q&A at the end, but ...

Kingfisher plc ADR (OTCQX:KGFHY) Q1 Trading Update Call May 22, 2024 6:00 AM ET Company Participants Majid Nazir - Investor Relations Anisha Singhal - Deputy Investor Relations Director Conference Call Participants Operator Good, that looks like everyone's here. So thank you for joining us this morning to hear from Kingfisher PLC, who announced their Q1 Trading Update yesterday. And today, we're going to hear from Majid Nazir and Anisha Singhal as they talk us through the presentation. There'll be an opport ...

Kingfisher plc (OTCQX:KGFHF) Q4 2023 Results Conference Call March 25, 2024 5:00 AM ET Company Participants Majid Nazir - Investor Relations Thierry Garnier - Chief Executive Officer & Executive Director Bernard Bot - Chief Financial Officer & Director Conference Call Participants Warwick Okines - BNP Paribas Ami Galla - Citi Izabel Dobreva - Morgan Stanley Kate Calvert - Investec Grace Gilberg - Jefferies Richard Chamberlain - RBC Capital Markets Adam Cochrane - Deutsche Bank Thierry Garnier Thank you, Maj ...