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Fortuna Mining (FSM) Outperforms Broader Market: What You Need to Know
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In the latest trading session, Fortuna Mining (FSM - Free Report) closed at $8.21, marking a +1.36% move from the previous day. This move outpaced the S&P 500's daily gain of 0.58%. At the same time, the Dow added 0.31%, and the tech-heavy Nasdaq gained 0.89%.
The silver and gold miner's shares have seen a decrease of 3.8% over the last month, surpassing the Basic Materials sector's loss of 4.14% and falling behind the S&P 500's gain of 0.16%.
Investors will be eagerly watching for the performance of Fortuna Mining in its upcoming earnings disclosure.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.79 per share and revenue of $0 million. These totals would mark changes of +71.74% and 0%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Fortuna Mining. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 7.48% higher. Fortuna Mining presently features a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Fortuna Mining has a Forward P/E ratio of 10.25 right now. This expresses a discount compared to the average Forward P/E of 18.26 of its industry.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 48, finds itself in the top 20% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Fortuna Mining (FSM) Outperforms Broader Market: What You Need to Know
In the latest trading session, Fortuna Mining (FSM - Free Report) closed at $8.21, marking a +1.36% move from the previous day. This move outpaced the S&P 500's daily gain of 0.58%. At the same time, the Dow added 0.31%, and the tech-heavy Nasdaq gained 0.89%.
The silver and gold miner's shares have seen a decrease of 3.8% over the last month, surpassing the Basic Materials sector's loss of 4.14% and falling behind the S&P 500's gain of 0.16%.
Investors will be eagerly watching for the performance of Fortuna Mining in its upcoming earnings disclosure.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $0.79 per share and revenue of $0 million. These totals would mark changes of +71.74% and 0%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Fortuna Mining. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 7.48% higher. Fortuna Mining presently features a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Fortuna Mining has a Forward P/E ratio of 10.25 right now. This expresses a discount compared to the average Forward P/E of 18.26 of its industry.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 48, finds itself in the top 20% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.