Fortuna Mining (FSM) Outperforms Broader Market: What You Need to Know

Fortuna Mining (FSM) closed the latest trading day at $5.32, indicating a +0.57% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.36%. Elsewhere, the Dow lost 0.28%, while the tech-heavy Nasdaq added 0.51%.The silver and gold miner's stock has climbed by 17.3% in the past month, exceeding the Basic Materials sector's gain of 7.62% and the S&P 500's gain of 2.11%.The investment community will be paying close attention to the earnings performance of Fortuna Mining in its upcoming release. The company's earnings per share (EPS) are projected to be $0.16, reflecting a 128.57% increase from the same quarter last year.Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Fortuna Mining. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate has moved 12.5% higher within the past month. Fortuna Mining is holding a Zacks Rank of #2 (Buy) right now.Looking at valuation, Fortuna Mining is presently trading at a Forward P/E ratio of 8.4. This represents a discount compared to its industry's average Forward P/E of 12.54.The Mining - Miscellaneous industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 148, this industry ranks in the bottom 42% of all industries, numbering over 250.The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the 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.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>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 Fortuna Mining Corp. (FSM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks