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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 close attention to the earnings performance of Fortuna Mining in its upcoming release. The company is slated to reveal its earnings on May 7, 2025. In that report, analysts expect Fortuna Mining to post earnings of $0.21 per share. This would mark year-over-year growth of 133.33%.
Investors might also notice recent changes to analyst estimates for Fortuna Mining. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.76% higher. Fortuna Mining currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Fortuna Mining is currently trading at a Forward P/E ratio of 9.35. This expresses a discount compared to the average Forward P/E of 14.13 of its industry.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 140, finds itself in the bottom 44% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the 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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