Latest news with #FortunaMining
Yahoo
15-07-2025
- Business
- Yahoo
Fortuna Mining (FSM) Declines Ahead of Q2 Earnings
Fortuna Mining Corp. (NYSE:FSM) is one of the . Fortuna Mining declined by 4.78 percent on Monday to end at $6.58 apiece as investors unloaded positions ahead of the company's second quarter earnings results. Based on its historical earnings reporting dates, Fortuna Mining Corp. (NYSE:FSM) will release its financial and operating results in the first week of August 2025. In recent news, the company reported robust production results in the second quarter of the year, booking 61,736 ounces of gold produced, or 10 percent higher than the 56,000 ounces in the same period last year. The figure was also higher by 4.9 percent than the 58,820 ounces in the first quarter of the year. Aerial view of miners extracting precious metal deposits in a quarry. Meanwhile, Gold equivalent production from ongoing operations ended at 71,229 ounces compared with 71,368 gold equivalent ounces (GEO) in the second quarter of 2024 and 70,386 in the first quarter of the year. While we acknowledge the potential of FSM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
16-06-2025
- Business
- Yahoo
Is FrancoNevada (FNV) Stock Outpacing Its Basic Materials Peers This Year?
Investors interested in Basic Materials stocks should always be looking to find the best-performing companies in the group. Is Franco-Nevada (FNV) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question. Franco-Nevada is a member of the Basic Materials sector. This group includes 233 individual stocks and currently holds a Zacks Sector Rank of #11. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Franco-Nevada is currently sporting a Zacks Rank of #1 (Strong Buy). The Zacks Consensus Estimate for FNV's full-year earnings has moved 20.5% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Based on the most recent data, FNV has returned 46.1% so far this year. Meanwhile, the Basic Materials sector has returned an average of 9.3% on a year-to-date basis. This means that Franco-Nevada is outperforming the sector as a whole this year. Another stock in the Basic Materials sector, Fortuna Mining (FSM), has outperformed the sector so far this year. The stock's year-to-date return is 60.4%. Over the past three months, Fortuna Mining's consensus EPS estimate for the current year has increased 12%. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Franco-Nevada belongs to the Mining - Gold industry, a group that includes 39 individual stocks and currently sits at #45 in the Zacks Industry Rank. Stocks in this group have gained about 58.4% so far this year, so FNV is slightly underperforming its industry this group in terms of year-to-date returns. On the other hand, Fortuna Mining belongs to the Mining - Miscellaneous industry. This 58-stock industry is currently ranked #138. The industry has moved +10.9% year to date. Investors with an interest in Basic Materials stocks should continue to track Franco-Nevada and Fortuna Mining. These stocks will be looking to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Franco-Nevada Corporation (FNV) : Free Stock Analysis Report GSK PLC Sponsored ADR (GSK) : Free Stock Analysis Report Intuit Inc. (INTU) : Free Stock Analysis Report Sprouts Farmers Market, Inc. (SFM) : Free Stock Analysis Report Fortuna Mining Corp. (FSM) : Free Stock Analysis Report Aviva PLC (AVVIY) : Free Stock Analysis Report Alfa Laval AB Unsponsored ADR (ALFVY) : Free Stock Analysis Report Alithya Group Inc. (ALYAF) : Free Stock Analysis Report Sendas Distribuidora S.A. Sponsored ADR (ASAIY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-06-2025
- Business
- Yahoo
FSM Buys 15% of Awale Resources to Boost Cote d'Ivoire Exploration
Fortuna Mining Corp. FSM announced that it acquired 15,037,593 common shares of Awalé Resources Limited, gaining a 15% stake in the latter. This move aligns with Fortuna Mining's long-term growth strategy of strengthening its exploration pipeline in Côte d' Resources is focused on its 100%-owned Odienné Project in Côte d'Ivoire. The company's active team, which has developed a strong presence in the region, will help Fortuna Mining boost its pipeline in Côte d'Ivoire. Fortuna Mining acquired the said shares through a non-brokered private placement at $0.399 per share for $6 million. FSM has recently been actively optimizing its portfolio. In May 2025, the company announced that it closed the sale of the interest in Roxgold Sanu and three other subsidiaries to Soleil Resources International Ltd. With this move, FSM will no longer have any stake in the Yaramoko Mine, which is operated by Roxgold April 2025, Fortuna Mining sold its non-core San Jose mine in Mexico. With the sale of Yaramoko, the company will cease to have any operations in Burkina Faso. Its operating portfolio will include the Séguéla mine in Côte d'Ivoire, the Lindero mine in Argentina, the Caylloma mine in Peru and the Diamba Sud Gold Project located in Mining opted to sell the Yaramoko mine, considering its limited remaining life and increasingly difficult operating conditions in Burkina Faso. The sale provides the company with additional liquidity to focus more on its strategic deal boosts Fortuna Mining's first-quarter cash and short-term investments to more than $380 million and liquidity to more than $530 million. This transaction will also reallocate around $50 million in capital and free up management capacity. Shares of Fortuna Mining have gained 41% in the past year compared with the industry's 1.4% growth. Image Source: Zacks Investment Research FSM currently carries a Zacks Rank #2 (Buy).Some other top-ranked stocks from the basic materials space are SSR Mining Inc. SSRM, Alamos Gold Inc. AGI and Hawkins, Inc. HWKN. SSR Mining currently sports a Zacks Rank #1 (Strong Buy), and Alamos Gold and Hawkins carry a Zacks Rank #2. You can see the complete list of today's Zacks #1 Rank stocks Mining has an average trailing four-quarter earnings surprise of 58.8%. The Zacks Consensus Estimate for SSRM's 2025 earnings is pegged at $1.14 per share, implying a year-over-year upsurge of 307%. SSR Mining has skyrocketed 147.9% last Gold has an average trailing four-quarter earnings surprise of 1.4%. The Zacks Consensus Estimate for AGI's 2025 earnings is pegged at $1.24 per share, indicating year-over-year growth of 55%. Alamos Gold shares have surged 66% last has an average trailing four-quarter earnings surprise of 8.2%. The Zacks Consensus Estimate for HWKN's 2025 earnings is pegged at $4.37 per share, indicating year-over-year growth of 8.4%. Hawkins shares have jumped 55.5% last year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Alamos Gold Inc. (AGI) : Free Stock Analysis Report Fortuna Mining Corp. (FSM) : Free Stock Analysis Report Silver Standard Resources Inc. (SSRM) : Free Stock Analysis Report Hawkins, Inc. (HWKN) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
07-06-2025
- Business
- Yahoo
Why Fortuna Mining Corp. (FSM) Crashed On Friday
We recently published a list of . In this article, we are going to take a look at where Fortuna Mining Corp. (NYSE:FSM) stands against other Friday's worst-performing stocks. Fortuna Mining dropped its share prices by 3.65 percent on Friday to finish at $7.13 apiece as investors resorted to profit-taking following the previous day's gains. Fortuna Mining Corp. (NYSE:FSM), a leading gold and silver mining company, earned a boost from higher gold and silver prices on Thursday, with the latter hitting a new all-time high. Aerial view of miners extracting precious metal deposits in a quarry. Friday, however, saw spot prices of gold drop by 1.26 percent, while silver maintained its strength with another 0.92 percent gain. In the first quarter of the year, Fortuna Mining Corp. (NYSE:FSM) grew its net income from continuing operations by 130 percent to $67.97 million from $29.5 million in the same period last year. Sales rose by 45 percent to $290 million from $200.9 million year-on-year. Fortuna Mining Corp. (NYSE:FSM) is expected to hold an annual shareholders' meeting at 10 AM PDT on June 26 in Vancouver, Canada. Overall, FSM ranks 10th on our list of Friday's worst-performing stocks. While we acknowledge the potential of FSM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
07-06-2025
- Business
- Yahoo
Why Fortuna Mining Corp. (FSM) Soared On Thursday
We recently published a list of . In this article, we are going to take a look at where Fortuna Mining Corp. (NYSE:FSM) stands against other best-performing stocks on Thursday. Fortuna Mining rallied for a fifth consecutive day on Thursday, to hit a new all-time high, as the surge in gold and silver prices sparked buying appetite for its stock. At intra-day trading, Fortuna Mining Corp. (NYSE:FSM) rallied to a new all-time high of $7.55, or 12 percent, before a slight profit-taking pulled the company's share price lower to end just 9.79 percent at $7.4 apiece On Thursday, the spot prices of gold grew by 0.20 percent or $6.7 at $3,359.35 per troy ounce, while silver was up by 0.19 percent or 7 cents at $35.72 per ounce. Thursday's intra-day trading also saw silver hit a new all-time high of $36.27 per troy ounce. Aerial view of miners extracting precious metal deposits in a quarry. In the first quarter of the year, Fortuna Mining Corp.'s (NYSE:FSM) net income attributable to shareholders expanded by 123 percent to $58.5 million from $26.2 million in the same period last year. Sales increased by 45 percent to $290 million from $200 million year-on-year. Overall, FSM ranks 6th on our list of best-performing stocks on Thursday. While we acknowledge the potential of FSM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
