We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Fortuna Mining (FSM) Stock Moves -0.94%: What You Should Know
Read MoreHide Full Article
The latest trading session saw Fortuna Mining (FSM - Free Report) ending at $6.31, denoting a -0.94% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily loss of 2.36%. Meanwhile, the Dow lost 2.48%, and the Nasdaq, a tech-heavy index, lost 2.55%.
Prior to today's trading, shares of the silver and gold miner had gained 8.7% over the past month. This has outpaced the Basic Materials sector's loss of 5.84% and the S&P 500's loss of 5.6% in that time.
The investment community will be paying close attention to the earnings performance of Fortuna Mining in its upcoming release.
It is also important to note the recent changes to analyst estimates for Fortuna Mining. These recent revisions tend to reflect the evolving nature of short-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.79% increase. Fortuna Mining is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Fortuna Mining is currently trading at a Forward P/E ratio of 10.03. This expresses a discount compared to the average Forward P/E of 12.9 of its industry.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 38% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Fortuna Mining (FSM) Stock Moves -0.94%: What You Should Know
The latest trading session saw Fortuna Mining (FSM - Free Report) ending at $6.31, denoting a -0.94% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily loss of 2.36%. Meanwhile, the Dow lost 2.48%, and the Nasdaq, a tech-heavy index, lost 2.55%.
Prior to today's trading, shares of the silver and gold miner had gained 8.7% over the past month. This has outpaced the Basic Materials sector's loss of 5.84% and the S&P 500's loss of 5.6% in that time.
The investment community will be paying close attention to the earnings performance of Fortuna Mining in its upcoming release.
It is also important to note the recent changes to analyst estimates for Fortuna Mining. These recent revisions tend to reflect the evolving nature of short-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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.79% increase. Fortuna Mining is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Fortuna Mining is currently trading at a Forward P/E ratio of 10.03. This expresses a discount compared to the average Forward P/E of 12.9 of its industry.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 156, putting it in the bottom 38% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.