In the latest close session, Fortuna Mining (FSM) was down 1.02% at $6.82. The stock's change was less than the S&P 500's daily gain of 0.4%. Elsewhere, the Dow saw an upswing of 0.47%, while the tech-heavy Nasdaq appreciated by 0.24%.
The stock of silver and gold miner has risen by 3.92% in the past month, leading the Basic Materials sector's gain of 3.4% and undershooting the S&P 500's gain of 4.61%.
The investment community will be closely monitoring the performance of Fortuna Mining in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2025. On that day, Fortuna Mining is projected to report earnings of $0.22 per share, which would represent year-over-year growth of 69.23%.
FSM's full-year Zacks Consensus Estimates are calling for earnings of $0.76 per share and revenue of $0 million. These results would represent year-over-year changes of +65.22% and 0%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Fortuna Mining. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 8.57% increase. Fortuna Mining is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Fortuna Mining has a Forward P/E ratio of 9.07 right now. This denotes a discount relative to the industry average Forward P/E of 21.5.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 36% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Fortuna Mining Corp. (FSM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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