FORTUNA MINING CORP (NYSE:FSM) – A Strong Growth Candidate Meeting Minervini’s Trend Template

FORTUNA MINING CORP (NYSE:FSM) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template criteria. The company, which operates gold, silver, lead, and zinc mines across Latin America and West Africa, demonstrates strong technical and fundamental characteristics that make it a candidate for further analysis.

Technical Strength: Meeting Minervini’s Trend Template

Fortuna Mining meets several key technical criteria from Minervini’s strategy:

• Price Above Key Moving Averages: The stock is trading at $6.97, well above its 50-day ($6.05), 150-day ($5.24), and 200-day ($5.12) moving averages.
• Upward-Trending Averages: The 50-day, 150-day, and 200-day moving averages are all rising, confirming a sustained uptrend.
• Strong Relative Strength: With a ChartMill Relative Strength score of 90.45, FSM outperforms 90% of the market.
• Price Near 52-Week High: The stock is within 8% of its 52-week high ($7.55), indicating strong momentum.
• Volume Confirmation: Recent trading volume has been higher than average, supporting the upward price movement.

Fundamental Growth Drivers

Beyond technicals, Fortuna Mining shows strong fundamental growth:

• Earnings Growth: EPS (TTM) stands at $0.61, up 127% year-over-year. Quarterly EPS growth is also robust at 122%.
• Revenue Expansion: Revenue (TTM) has grown by 26.4%, with consistent quarterly sales increases.
• Profit Margin Improvement: The latest quarter’s profit margin improved to 20.16%, up from 3.75% in the prior quarter.
• Free Cash Flow Growth: Free cash flow per share surged 628% over the past year, reflecting strong operational performance.

Technical Report Summary

The ChartMill Technical Report assigns FSM a perfect technical rating of 10, citing its strong uptrend, high relative strength, and favorable volume patterns. However, the setup rating is currently 3, suggesting that while the stock is technically strong, it may need a consolidation phase for an optimal entry point.

Our High Growth Momentum + Trend Template screener lists more stocks that fit this criteria and is updated daily.

Disclaimer

This is not investment advice. Always conduct your own research before making any investment decisions.