Fortuna Mining (FSM) Stock Slides as Market Rises: Facts to Know Before You Trade

Stock Performance - Fortuna Mining (FSM) closed at $4 25, reflecting a -1 16% decline from the previous trading day, underperforming the S&P 500's 1% gain, the Dow's 0 78% rise, and the Nasdaq's 1 51% increase [1] - Over the past month, FSM shares decreased by 0 46%, outperforming the Basic Materials sector's loss of 3 81% and the S&P 500's loss of 2 14% [1] Earnings and Analyst Estimates - Fortuna Mining is forecasted to report an EPS of$ 0 16 in its upcoming earnings release, representing a 128 57% increase from the same quarter last year [2] - Positive revisions to analyst estimates for FSM indicate a favorable short-term business outlook [3] - The Zacks Consensus EPS estimate for FSM has increased by 12 5% over the last 30 days [5] Valuation and Industry Ranking - Fortuna Mining is currently trading at a Forward P/E ratio of 6 83, a discount compared to the industry average Forward P/E of 11 72 [6] - The Mining - Miscellaneous industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 84, placing it in the top 34% of over 250 industries [6] - The Zacks Industry Rank shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1 [7] Investment Tools and Ratings - The Zacks Rank system, which incorporates estimate revisions, rates Fortuna Mining as a 2 (Buy) [5] - Stocks rated 1 (Strong Buy) by Zacks have historically produced an average annual return of +25% since 1988 [5]