Fortuna Mining (FSM) stock price rose 1.04%, analysts expect EPS to increase by 60%.

From Nasdaq: 2024-10-04 18:15:22

Fortuna Mining (FSM) saw a 1.04% increase in its stock price to $4.88, outperforming the S&P 500. The company’s shares rose by 12.33% in the past month, surpassing the Basic Materials sector and S&P 500. Analysts expect FSM to report an EPS of $0.16, a 60% increase from the previous year.

Investors should closely monitor Fortuna Mining’s performance as it approaches its earnings disclosure. Analysts’ positive revisions signal confidence in the company’s profitability. Utilize the Zacks Rank system to capitalize on estimate changes, with FSM currently holding a rank of #3 (Hold). The company is trading at a Forward P/E ratio of 10.28, indicating valuation discount.

Fortuna Mining operates in the Mining – Miscellaneous industry within the Basic Materials sector. This industry is ranked 191 out of over 250, placing it in the bottom 25%. Research shows that industries with higher Zacks Industry Rank tend to outperform lower-ranked industries. Keep track of stock-moving metrics on Zacks.com for informed investment decisions.

Zacks’ Research Chief identifies a stock with the potential to double in value soon. The financial firm boasts innovative solutions and a rapidly expanding customer base, making it a top pick for significant gains. Get insights on this stock and other top recommendations to maximize investment profits. Find out more on Zacks.com.



Read more at Nasdaq: Fortuna Mining (FSM) Beats Stock Market Upswing: What Investors Need to Know