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Fortuna Mining (FSM) Increases Yet Falls Behind Market: What Investors Need to Know
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Fortuna Mining (FSM - Free Report) closed the latest trading day at $6, indicating a +0.84% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 1.08%. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 1.41%.
Shares of the silver and gold miner witnessed a gain of 25.79% over the previous month, beating the performance of the Basic Materials sector with its loss of 1.64% and the S&P 500's loss of 8.26%.
Investors will be eagerly watching for the performance of Fortuna Mining in its upcoming earnings disclosure.
Investors should also pay attention to any latest changes in analyst estimates for Fortuna Mining. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.34% lower within the past month. Fortuna Mining is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Fortuna Mining is holding a Forward P/E ratio of 9.52. This expresses a discount compared to the average Forward P/E of 12.99 of its industry.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 178, putting it in the bottom 30% 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) Increases Yet Falls Behind Market: What Investors Need to Know
Fortuna Mining (FSM - Free Report) closed the latest trading day at $6, indicating a +0.84% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 1.08%. Meanwhile, the Dow gained 0.92%, and the Nasdaq, a tech-heavy index, added 1.41%.
Shares of the silver and gold miner witnessed a gain of 25.79% over the previous month, beating the performance of the Basic Materials sector with its loss of 1.64% and the S&P 500's loss of 8.26%.
Investors will be eagerly watching for the performance of Fortuna Mining in its upcoming earnings disclosure.
Investors should also pay attention to any latest changes in analyst estimates for Fortuna Mining. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.34% lower within the past month. Fortuna Mining is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Fortuna Mining is holding a Forward P/E ratio of 9.52. This expresses a discount compared to the average Forward P/E of 12.99 of its industry.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 178, putting it in the bottom 30% 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.