Fortuna Mining Third Quarter 2024 Earnings: EPS: US$0.16 (vs US$0.094 in 3Q 2023)

In This Article:

Fortuna Mining (TSE:FVI) Third Quarter 2024 Results

Key Financial Results

  • Revenue: US$274.9m (up 13% from 3Q 2023).

  • Net income: US$50.5m (up 84% from 3Q 2023).

  • Profit margin: 18% (up from 11% in 3Q 2023).

  • EPS: US$0.16 (up from US$0.094 in 3Q 2023).

earnings-and-revenue-growth
TSX:FVI Earnings and Revenue Growth November 8th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Fortuna Mining Earnings Insights

Looking ahead, revenue is expected to decline by 10% p.a. on average during the next 2 years, while revenues in the Metals and Mining industry in Canada are expected to grow by 16%.

Performance of the Canadian Metals and Mining industry.

The company's shares are down 2.8% from a week ago.

Risk Analysis

We should say that we've discovered 2 warning signs for Fortuna Mining that you should be aware of before investing here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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