에 대한 최신 뉴스 Fortuna Mining (NYSE:FSM) 주식

Fortuna Mining

Fortuna Silver Mines

Fortuna Mining Corp is a Canadian-based precious metals mining company with mines in the Latin America and West Africa regions producing gold and silver. It operate mines in Argentina, Burkina Faso, Cote d'Ivoire, Mexico, and Peru.

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포르투나 실버 마인즈(NYSE:FSM)는 는 서아프리카와 라틴 아메리카 전역의 사업장에서 강력한 1분기 금 및 금 등가물 생산량을 보고했다. 이 회사의 1분기 보고서는 금과 은 생산 모두에서 이러한 귀금속에 대한 상당한 상승세를 보인 한 해 동안 주목할만한 성과를 나타냈다.금 생산은 89,678 온스를 기록했으며, 은은 1.1백만 온스 또는 금 동등 온스 112,543 온스를 기록했다. 이에는 부산물인 납과 아연을 포함한다.

포르투나 실버 마인은 귀금속 가격 급등에 힘입어 강한 Q1 금, 은 생산 강조

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금값은 온스당 2,300달러를 넘어 사상 최고치를 기록하며 또 한 주를 마감했다. 3월 일자리 보고서가 예상보다 더 뜨거워진 후에도 요는 여전히 높다.금은 이번 주 금리 우려에 대한 일반적인 민감도에서 벗어나 인상적인 회복력을 보였다.

금이 2,300달러를 웃돌며 다시 한 주를 최고치로 마감: 광산 주식은 11개월 최고치

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Shares of precious metal-related companies are trading higher. Reserve assets may be seeing renewed strength after the Fed kept rates unchanged yesterday and noted that inflation remains somewhat elevated.

Gold surged past $2,790 in Thursday morning trading, setting a new all-time high after eclipsing its late October 2024 peak. Central bank actions and rising demand for safe-haven assets <a href="https://www.benzinga.com/markets">fueled the metal's climb.</a>
Several major central banks have signaled a more dovish stance on inflation in recent hours, leading speculators to anticipate lower borrowing costs ahead—providing further support for gold prices. 
Furthermore, speculation over higher U.S. tariffs is leading to greater demand for gold by central banks, with disruptions affecting trading in London.
<h3 class="wp-block-heading">Fed Holds Steady, While Other Major Central Banks Ease Borrowing Costs</h3>
The Federal Reserve held interest rates steady on Wednesday and refrained from offering clear guidance on future moves. 
Yet, Fed Chair Jerome Powell struck a noticeably less hawkish tone compared to his stance in December.
Powell welcomed the latest inflation readings for January and did not rule out the possibility of rate cuts, stating that weaker labor market conditions or faster-than-expected disinflation could justify easing monetary policy.
Powell further stated that interest rates remain &#8220;meaningfully above neutral,&#8221; suggesting there is room for potential cuts.
&#8220;We remain comfortable with our forecast that the FOMC will deliver two more 25bp cuts in June and December this year and one more in 2026,&#8221; Goldman Sachs economist David Mericle wrote in a note Thursday. 
Market-based expectations continue to point toward two additional Fed rate cuts by the end of 2025, with the first move likely coming in June. 
On Wednesday, the Bank of Canada announced a 25-basis-point rate cut to 3%, citing inflation's broad convergence toward the 2% target. Policymakers also noted the potential negative economic effects of rising U.S. trade tariffs.
The BoC further announced the end of quantitative tightening and plans to restart asset purchases in early March to support liquidity and economic activity. 
On Thursday, <a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43336153/us-economy-grows-below-q4-estimates-as-consumer-spending-hits-7-quarter-high">U.S. GDP growth for the fourth quarter of 2024</a> came in at 2.3%, missing the 2.6% consensus estimate. 
The same day, both the <a href="https://www.benzinga.com/government/regulations/25/01/43340971/ecb-cuts-interest-rates-by-25-basis-points-as-economy-cools-lagarde-rejects-bitcoin-as-reserve-asset">European Central Bank</a> and Sweden's Riksbank also announced rate cuts.
<h3 class="wp-block-heading">Gold Miners Rally, Central Banks Rush To Gold In London</h3>
Rising gold prices are fueling a rally among metal miners during Thursday trading.
The widely followed VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) rallied 4.2% reaching levels last seen in early November 2024. Junior miners, as tracked by the VanEck Junior Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDXJ#NYSE">GDXJ</a>), were similarly up by 4.1%. 
In a seminar last week, VanEck portfolio manager Imaru Casanova indicated that central banks are rushing to buy gold. 
"Central banks are emerging as a key demand driver for gold prices," she said. 
As reported by Reuters, gold traders in London are scrambling to borrow bullion from central banks as shipments to the U.S. surge amid speculation of potential import tariffs. 
The Bank of England, which stores gold for central banks, is experiencing delays of up to four weeks for withdrawals—far longer than the usual few days.
The rush is driven by traders hedging risks on COMEX and capitalizing on a price premium between U.S. futures and London spot prices. 
Former Koch Supply &amp; Trading executive Robert Gottlieb told Reuters that the BoE is struggling to handle the increased borrowing requests.
Mining stocks showing a notable surge on Thursday include:
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-day Return</td>
</tr>
<tr>
<td>Endeavour Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EXK#NYSE">EXK</a>)</td>
<td>8.18%</td>
</tr>
<tr>
<td>MAG Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAG#NYSE">MAG</a>)</td>
<td>7.67%</td>
</tr>
<tr>
<td>Coeur Mining, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>)</td>
<td>7.15%</td>
</tr>
<tr>
<td>Fortuna Mining Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>)</td>
<td>6.96%</td>
</tr>
<tr>
<td>SilverCrest Metals Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SILV#NYSE">SILV</a>)</td>
<td>6.72%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:20 p.m. ET</figcaption></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/economics/macro-economic-events/25/01/43318325/a-different-powell-emerges-fed-chair-softens-hawkish-tone-on-interest-rates-bitcoin">A Different Powell Emerges: Fed Chair Softens Hawkish Tone On Interest Rates, Bitcoin</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

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Gold Hits Record High As Central Banks Ease Stance: 5 Mining Stocks Rally

Scotiabank analyst Eric Winmill maintains Fortuna Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) with a Sector Perform and lowers the price target from $6.75 to $6.

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Scotiabank Maintains Sector Perform on Fortuna Mining, Lowers Price Target to $6

Asset Sales

Fortuna Mining Entered Into A Binding Letter Agreement To Sell Its 100% Interest In Compañia Minera Cuzcatlan To Minas Del Balsas For $2M Payable On Closing Of The Transaction

Fortuna Mining Corp. (NYSE:<a href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>, TSX:<a href="https://www.benzinga.com/stock/FVI#TSX">FVI</a>) is pleased to announce it has entered into a binding letter agreement (the "Letter Agreement") to sell (the "Transaction") its 100 percent interest in Compañia Minera Cuzcatlan S.A. de C.V. ("Cuzcatlan") to Minas del Balsas S.A. de C.V. ("MDB"), a private Mexican company. Cuzcatlan is the owner of a 100 percent interest in the San Jose Mine in the state of Oaxaca, Mexico. Following the sale, Fortuna will cease to have any interest in the San Jose Mine, other than the net smelter return royalty described below. The San Jose Mine was scheduled to initiate a progressive closure process starting in early 2025.
Details of the Transaction
Under the terms of the Letter Agreement, MDB will acquire all of the issued and outstanding shares of Cuzcatlan held by Fortuna's subsidiaries for the aggregate consideration of:
<ul>
<li>US$2 million payable on closing of the Transaction;</li>
<li>a further US$2 million payable on the first anniversary of closing the Transaction;</li>
<li>a final US$2 million payable on the second anniversary of closing the Transaction; and</li>
<li>the right to receive up to approximately US$11 million upon the completion of certain conditions.&nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</li>
</ul>
In addition, Fortuna will receive a 1.0 percent net smelter royalty on production from the San Jose Mine concessions, for a 5-year term as of the start of production.
The completion of the Transaction is subject to customary conditions of closing and is expected to be completed in the first quarter of 2025. INFOR Financial Inc. acted as financial advisor to Fortuna.

Fortuna Mining Exits San Jose Mine, Secures $17M Potentially Through Sale and Royalties

Fortuna Mining Corp. (NYSE:<a href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>, TSX:<a href="https://www.benzinga.com/stock/FVI#TSX">FVI</a>) is pleased to provide an update on its exploration program at the Séguéla Mine in Côte d'Ivoire.
Paul Weedon, Senior Vice President, Exploration, commented, "The prospectivity of Kingfisher is underscored by the recent intersections of 15.3 meters averaging 4.1 g/t Au and 17 meters averaging 3.3 g/t Au; approximately 150 meters further along strike of the recently reported maiden Inferred Resource of 294,000&nbsp;ounces averaging 2.3 g/t Au1." Mr. Weedon added, "At the Sunbird deposit, mineralization has been successfully drill defined approximately 650 meters further along strike from the limits of the existing underground resource and remains open."

Fortuna Mining Reports High-Grade Gold Intersections at Séguéla Mine, Côte d'Ivoire

GATO

Shares of precious metals stocks are trading higher amid strength in gold and silver prices. Gold may be rising amid reports of renewed China Central Bank purchases as well as geopolitical uncertainty following Assad's ouster in Syria.

Fortuna Silver Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) reported quarterly earnings of $0.16 per share which beat the analyst consensus estimate of $0.12 by 33.33 percent. This is a 77.78 percent increase over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $274.900 million which beat the analyst consensus estimate of $265.956 million by 3.36 percent. This is a 13.08 percent increase over sales of $243.100 million the same period last year.

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Fortuna Silver Mines Q3 2024 Adj. EPS $0.16 Beats $0.12 Estimate, Sales $274.900M Beat $265.956M Estimate

Fortuna Silver Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) is gearing up to announce its quarterly earnings on Wednesday, 2024-11-06. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Fortuna Silver Mines will report an earnings per share (EPS) of $0.12.
Anticipation surrounds Fortuna Silver Mines's announcement, with investors hoping to hear about both surpassing estimates and receiving positive guidance for the next quarter.
New investors should understand that while earnings performance is important, market reactions are often driven by guidance.

<h3>Market Performance of Fortuna Silver Mines's Stock</h3>
Shares of Fortuna Silver Mines were trading at $4.8 as of November 04. Over the last 52-week period, shares are up 62.59%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/FSM/earnings">To track all earnings releases for Fortuna Silver Mines visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Fortuna Silver Mines's Earnings Outlook

Fortuna Silver Mines Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>) produced 110,820 gold equivalent ounces in the third quarter of 2024, a 13.9% decrease from the year-ago quarter. This includes a gold production of 91,251 ounces and a silver production of 816,187 ounces. Gold output marked a 3.8% year-over-year fall, whereas silver production was down 51.4%.
<h2>FSM&#39;s Mine Performances in Q3</h2>
FSM currently has five operating mines in its portfolio. The S&eacute;gu&eacute;la mine, located in C&ocirc;te d&acute;Ivoire, contributed 34,998 ounces of gold in the third quarter of 2024. Its total production for the third quarter of 2023 was 31,498 ounces. The mine is expected to produce gold of 126,000-138,000 ounces in 2024.
The Yaramoko Mine in Burkina Faso produced 28,006 ounces of gold, down 18% year over year. FSM expects Yaramoko&#39;s gold production between 105,000 and 119,000 ounces for 2024.
The third-quarter&nbsp; gold production at the Lindero mine in Argentina was 24,345 ounces, up 16.3% year over year. The 2024 guidance for the mine is pegged at 93,000-105,000 ounces of gold.
The San Jose mine in Mexico produced 510,741 ounces of silver and 3,771 ounces of gold. Silver production was down 62.8% year over year, whereas gold production declined 54%. The company expects gold production for 2024 between 19,000 and 23,000 ounces, whereas silver production is forecast at 3.1-3.6 million ounces.
The Caylloma mine in Peru produced 305,446 ounces of silver, down 0.9% year over year. Gold output was 131 ounces compared with 149 ounces in the third quarter of 2023. The mine&#39;s 2024 silver production is targeted between 0.9 million and 1.1 million ounces.
Zinc production was 12.8 million pounds and lead production was 13 million pounds.
<h2>Fortuna Silver Maintains 2024 Guidance</h2>
FSM reported gold and silver production of 273,645 ounces and 2.9 million ounces, respectively, in the first nine months of 2024, translating to 339,933 ounces of gold equivalent (including lead and zinc by-products).
Gold equivalent production guidance for 2024 is maintained between 457,000 and 497,000 ounces. The range indicates a year-over-year increase of 1-10%.
The gold production guidance is pegged at 343,000-385,000 ounces, which indicates growth of 5-18% from the 2023 reported level. The silver production guidance is 4-4.7 million ounces for 2024, which suggests a year-over-year decline of 21-32%.
<h2>FSM&#39;s Peer Performance in Q3</h2>
Endeavour Silver Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/exk#NYSE">EXK</a>) produced 1.6 million silver equivalent ounces in the third quarter of 2024, a 14% decline from the year-ago quarter due to reduced silver production at its mines, which offset higher gold output. 
Consolidated silver production fell 24% year over year to 874,717 million ounces. This was due to a reduced operating capacity at Guanacev&iacute; after the trunnion breakdown in August.
Endeavour Silver, however, witnessed a 2% year-over-year improvement in gold production to 9,290 ounces . The rise was driven by higher gold grades mined at Guanacev&iacute; and Bola&ntilde;itos, as well as increased gold content in third-party feed processed at Guanacev&iacute;.
<h2>Fortuna Silver&#39;s Share Price Outperforms Industry</h2>
Shares of Fortuna Silver have gained 61% in the past year compared with the industry&#39;s 7.3% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/01/81138.jpg?v=880079609" />
Image Source: Zacks Investment Research
<h2>FSM&#39;s Zacks Rank &amp; Stocks to Consider</h2>
The company currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks from the basic materials space are Carpenter Technology Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/crs#NYSE">CRS</a>) and Eldorado Gold Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ego#NYSE">EGO</a>). CRS and EGO sport a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for Carpenter Technology&#39;s fiscal 2025 earnings is pegged at $6.09 per share. The consensus estimate for 2025 earnings has moved 7% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 15.9%. CRS shares have gained 127.1% in a year.
The Zacks Consensus Estimate for Eldorado Gold&#39;s 2024 earnings is pegged at $1.32 per share. The consensus estimate for 2024 earnings has moved 16% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 430%. EGO shares have gained 82.9% in a year.
<a href="https://www.zacks.com/stock/news/2350045/fortuna-silver-s-gold-equivalent-production-dips-14-y-y-in-q3?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2350045">To read this article on Zacks.com click here.</a>

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Fortuna Silver's Gold Equivalent Production Dips 14% Y/Y in Q3

Q3 2024 Production highlights
<ul>
<li>Gold equivalent production of 110,820 ounces1; compared to 128,671 oz Au Eq in Q3 20232 and 116,570 oz Au Eq in Q2 20243</li>
<li>Gold production of 91,251 ounces; compared to 94,821 oz Au in Q3 20232 and 92,716 oz Au in Q2 20243</li>
<li>Silver production of 816,187 ounces; compared to 1,680,751 oz Ag in Q3 20232 and 990,574 oz Ag in Q2 20243</li>
<li>Zinc and lead production of 12.8 million and 10.0 million pounds; compared to 14.0 million and 10.3 million pounds in Q3 20232, respectively</li>
</ul>

Fortuna Mining Reports Production Results For The Third Quarter Of 2024 From Its Five Operating Mines In West Africa And Latin America

Fortuna Mining Corp shares are trading lower. The company is facing and responding to media reports regarding the possible withdrawal of existing mining permits and said it received confirmation that the government has no plans to withdraw existing mining permits which are in compliance with Burkina Faso's laws.

Fortuna Mining Corp. (NYSE:<a href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>, TSX:<a href="https://www.benzinga.com/stock/FVI#TSX">FVI</a>) today shared an update on its operations at the Yaramoko Mine in Burkina Faso. &nbsp;
On October 5, 2024, Burkina Faso's President Ibrahim Traoré made public comments regarding mining companies operating in the country and the possible withdrawal of existing mining permits. Fortuna has sought clarification from the country's Ministry of Mines on this point and has received confirmation that the government has no plans to withdraw existing mining permits which are in compliance with Burkina Faso's laws. The Yaramoko Mine is in compliance with all material laws and operations continue to be conducted normally.
The Yaramoko Mine has been in operation since 2016 and reached the one-million-ounce gold pour milestone on May 19, 2024 (refer to Fortuna news release dated May 22, 2024, "<a href="https://fortunamining.com/news/fortunas-yaramoko-mine-reaches-one-million-ounce-gold-pour-milestone/">Fortuna's Yaramoko Mine reaches one-million-ounce gold pour milestone</a>"). Yaramoko is expected to contribute approximately 25 percent of Fortuna's gold equivalent ounces in 2024 (refer to Fortuna news release dated January 18, 2024, "<a href="https://fortunamining.com/news/fortuna-reports-record-2023-production-of-452-koz-au-eq-and-2024-annual-guidance-of-457-to-497-koz-au-eq/">Fortuna reports record 2023 production of 452 koz Au Eq and 2024 annual guidance of 457 to 497 koz Au Eq</a>").

Management

Fortuna Responds To Recent Media Reports Concerning Burkina Faso; Says 'Has Received Confirmation That The Government Has No Plans To Withdraw Existing Mining Permits Which Are In Compliance With Burkina Faso's Laws. The Yaramoko Mine Is In Compliance With All Material Laws And Operations Continue To Be Conducted Normally.'

CGAU

Shares of precious metal companies are trading lower amid a drop in the price of gold. Weakness in the commodity may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

Source: <a href="https://www.streetwisereports.com/article/2024/08/16/diverse-issues-offset-mostly-strong-revenues.html?utm_medium=feed">Adrian Day 08/16/2024</a>
Global Analyst Adrian Day reviews results from six major resource companies, four of which are royalty companies.
The quarterly results we look at today from six major resource companies mostly include higher revenues and cash flows, which is not unexpected given that the gold price was $250 an ounce higher than in the first quarter.
However, they also show some companies are still struggling with costs. Above all, they clearly illustrate Robert Friedland&#39;s quip that &quot;Murphy works overtime in the mining business.&quot;
The last quarter includes a power outage, equipment failures, arbitration, a heap leach failure, a broken agreement, and construction delays. And more. It reinforces that mining is a difficult business, and so too for the royalty companies that reap some of the rewards. Guidance and market forecasts are all too often set with the expectation of perfection. Companies that had unexpected problems saw their stock prices slammed.
<h2>Wheaton Has Strong Quarter as It Ramps up Production</h2>
Wheaton Precious Metals Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wpm#NYSE">WPM</a>) was the exception, with a strong quarter in which nothing meaningful went wrong. It is on track to achieve the upper end of its full-year guidance. Production was stronger than expected, driven by outperformance at its largest asset, Salobo, as Phase III continues its ramp-up, as well as strong performance at Pe&ntilde;asquito and Antamina.
Sales were lower due to timing differences between production and sales. There are some major new assets on which it holds streams moving towards production, including Ivanhoe&#39;s Platreef, where an updated feasibility study is scheduled for the fourth quarter; this will be one of the world&#39;s largest platinum producers. There are six other projects under construction and more predevelopment projects, allowing Wheaton to move from this year&#39;s production range of 550,000 to 620,000 GEOs to over 850,000 a year from 2029 onwards.
<h2>Company Has Strong Pipeline With Balance Sheet To Transact</h2>
The pipeline for new deals is very busy, with larger transactions under consideration, mostly in the pre-construction phase, with some over half-a-billion in size.
This is a change from recent Wheaton activity which saw it making some very small transactions, some as small as $20 million. The company has a rock-solid balance sheet, with $540 million in cash, up $234 million on the quarter, with total liquidity of $2.5 billion.
We are long-term holders.
<h2>Royal on Track To Meet Guidance With Strong Revenues</h2>
Royal Gold Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/rgld#NASDAQ">RGLD</a>) reported quarterly financials better than expected, even after pre-releasing its streaming sales, which constitute the bulk of its revenues. Revenue was up 17% quarter-on-quarter, primarily due to higher metal prices but also higher copper sales at Mount Milligan and higher gold and silver production from Pe&ntilde;asquito, partially offset by lower sales at Pueblo Viejo, where the expansion is still in ramp-up. G&amp;A cash costs remain flat. The company is tracking its guidance, which remains unchanged.
During the quarter, Royal acquired additional royalties on B2Gold&#39;s Back River project. The royalties are different in structure (NSR and GSR) as well as having hurdles and variable rates; the company estimates that, in aggregate, their royalties approximate a 1.1% gross smelter royalty. With a further $100 million paydown on its debt, the company is now net cash positive, with just $50 million of debt outstanding and available liquidity of $1 billion. The debt is expected to be paid off next week, eliminating the debt taken on to acquire three major royalties over the past two years (Cortez, Great Bear, and Back River), which the company acquired without any equity dilution.
Royal has strong free cash flow, and near-term growth as well as some longer-term potential.
<h2>Osisko Lowers Full-Year Guidance as It Writes off Mine Royalty</h2>
Osisko Gold Royalties Ltd. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/or#NYSE">OR</a>) saw a reasonable second quarter, in line with its guidance, but due, as acknowledged by the company, to higher metals prices. Gold Equivalent Ounces (GEOs), which had been pre-released, declined slightly. It lowered its second-half guidance on the back of the suspension of the Eagle Mine in the Yukon following a heap leach failure at the end of the quarter.
Osisko decided to take a full impairment on the royalty it holds on the mine, stating that it has no visibility on when the mine might restart and is not expecting any ounces for the rest of the year. There is also a delay in the ramp-up of one of its new royalty assets, Mantos Blancos, contributing to the lower-than-expected second half. It does have three new assets paying in the second half, including Tocantinzinho, which has already started producing but on which royalty payments have a three-month delay. It has already received initial payments from a new Agnico Mine as well as the CSA copper assets in Australia.
<h2>New Assets Starting Up</h2>
Paying down debt is the company&#39;s first priority, other than doing new transactions. After repaying $44 million during the quarter, it now has $109 million in debt and $67 million in cash. With a credit facility, it has access to capital and a strong balance sheet.
Though the second half will be weaker than earlier expected, there are three new paying assets, and behind these a strong pipeline. Osisko has 20 producing assets, with 98% of revenues now from gold and silver and a very strong political risk profile. The new CEO is proving himself to be capable and focused.
Osisko is a Buy.
<h2>Altius Financials as Expected, as Major Decision and Transaction Awaited</h2>
Altius Minerals Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/atusf#OTC">ATUSF</a>) reported financials for the quarter more-or-less as expected after pre-releasing royalty revenue. As always, with a diverse portfolio, there are winners and losers: potash fell again from its extraordinarily high pricing levels in 2023, while base metals saw continued gains. The iron ore segment recovered, and renewal royalties, while lower than an exceptional first quarter, are growing strongly, more than 50% above the year-ago quarter.
In all, royalty revenue of $21.7 million rose nearly 25% in the last quarter (and 17% from the year-ago quarter). The outlook looks strong. The renewables company saw one new project come on line in the last quarter, with another this quarter and several new deals closing. Altius holds royalties on three projects in its base and battery metals division, which are currently under construction, while Champion Iron is continuing discussions on finding a partner for its Kami iron-ore project, for which Altius holds a royalty. The high-priority iron ore that Kami will produce was recently designated as a &quot;critical mineral&quot; by Canada.
<h2>Silicon-Merlin Will Be the Major Drive in the Near Term</h2>
In the near term, however, the major development will be the disposition of the royalty it holds on AngloGold&#39;s Silicon-Merlin deposit in southern Nevada.
The deposit continues to advance, with some exceptional assay results from its infill drilling at Merlin, including a stunning 0.53 g/t gold over 144.5 meters. It drilled 66,000 km during the first half, mostly infill, though we know there has also been aggressive drilling to the west of the Merlin deposit, with the company saying it had hit &quot;very exciting&quot; new intercepts. A Pre-Feasibility Study on Merlin is expected to be finished in late 2025. The region has a current resource of 17.5 million ounces, and Anglo projects the district producing 500,000 ounces a year. Altius holds a 1.5% royalty with the area of interest under arbitration; another recommended company, Orogen, holds a 1% royalty on the main deposit, which is undisputed. 
Altius has already received preliminary bids from companies, with CEO Brian Dalton saying that the &quot;strong and diverse proposals . . . highlighted a meaningful disconnect between how its value is perceived by (the) financial industry versus the royalty industry professionals.&quot; Once it has received the decision on its arbitration, it intends to seek final bids and will then make a decision on whether to accept a bid (to sell or swap for base metals royalties) or to hold the royalty. I do not want to read too much into that comment from Dalton, but it was interesting to hear him raise again the possibility of keeping the royalty.
<h2>Altius Buyback Stock, as Improving Balance Sheet Improves</h2>
Altius repurchased 119,000 of its shares during the quarter, and it is no secret that the company wants to repurchase more shares if it sells that royalty. It has cash of a little over $19 million after receiving $9 million in settlement of a loan receivable, plus holdings in public companies totaling over $371 million. These include over $176 million of shares in Altius Renewal Royalties and nearly $56 million in its Project Generation&quot; portfolio.
I am not suggesting that these are all for sale &mdash; though it has been sold some shares from its PG portfolio &mdash; but they do strengthen the balance sheet. It has $93 million available on its credit facility. Altius is a core holding for us, offering broad exposure to the commodity universe with some of the most astute management in the business.
Hold and look to buy on any weakness.
<h2>Pan American&#39;s Production Down at Ongoing Mine Problems</h2>
Pan American Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/paas#NYSE">PAAS</a>) had a mixed quarter with slightly lower production and overall costs higher, though with lower costs for silver quarter-on-quarter ($14.49/oz cash costs). Ongoing issues at two mines, La Colorado and Dolores, hurt production. However, boosted by the higher metals prices, Pan American saw record cash flow from operations during the quarter.
The company reiterated its guidance, expecting production to be weighted towards the fourth quarter and, overall, silver production to be at the low end of the range. The rest of the year should bring improvement from La Colorada following the completion of the new ventilation system and $245 million in cash from the closing of the La Arena sale. There is also potential for the re-start of Escobal; several meetings with the government were held recently after delays caused by the change in government.
The company has a strong balance sheet, with $369 million in cash and a net debt of $472 million. It continued to buy back stock, bringing the total for the year to date to 1.7 million shares for just over $24 million (indicating that most shares were bought early on in the year, given the average cost of just over $14). The company reiterated that it expected additional divestments of non-core assets.
Pan American is a Buy, for operational turnaround, and Escobal potential, as well as strong management and balance sheet.
<h2>Fortuna&#39;s Revenue Disappointments but Issues Are Temporary</h2>
Fortuna Silver Mines Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>) reported revenue slightly lower than expected and costs higher. All-in sustaining Costs (AISC) at $1,656/oz were meaningfully higher than the first quarter&#39;s $1,495 due to three factors: higher power costs in West Africa, planned maintenance at Lindero, and higher per-ounce costs at San Jose as that mine runs down as it approaches the end of its reserve life. The first two factors here are temporary; Fortuna now has full generator capacity at its S&eacute;qu&eacute;la mine, so costs are expected to come down again in the second half of the year.
Despite these challenges, Fortuna is on track to meet its full-year guidance. Operations are doing well, and there has been some good exploration success, in particular around the S&eacute;qu&eacute;la mine. At San Jose, in Mexico, the company is continuing to explore alternatives: continuing to mine, closing the mine, or putting it on care and maintenance pending greater reserves from exploration. It will have a decision in the third quarter. The company continues to strengthen its balance sheet. A convertible issue allowed it to fully repay its credit facility and redeem an existing convertible, partly in cash and partly in shares.
Overall, the new convertible reduced its interest rate from over 7% to just 3.75%. Net debt is now just $66 million. It has $350 million in available liquidity. We like Fortuna for its diversified asset base, its strong management, and solid balance sheet, as well as strong brownfields potential.
Important Disclosures:
<ol>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Wheaton Precious Metals Corp., Osisko Gold Royalties Ltd., Altius Minerals Corp., Pan American Silver Corp., Fortuna Mining Corp., Franco-Nevada Corp., Lara Exploration Ltd., Metalla Royalty &amp; Streaming, and Fox Riv Res Corp.</li>
<li>Adrian Day: I, or members of my immediate household or family, own securities of: All. My company has a financial relationship with: All. I determined which companies would be included in this article based on my research and understanding of the sector.</li>
<li>Statements and opinions expressed are the opinions of the author and not of Streetwise Reports, Street Smart, or their officers. The author is wholly responsible for the accuracy of the statements. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Any disclosures from the author can be found below. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.</li>
<li>This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports&#39; terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.</li>
</ol>
Adrian Day Disclosures
Adrian Day&#39;s Global Analyst is distributed for $990 per year by Investment Consultants International, Ltd., P.O. Box 6644, Annapolis, MD 21401. (410) 224-8885. <a href="http://www.AdrianDayGlobalAnalyst.com" title="www.AdrianDayGlobalAnalyst.com">www.AdrianDayGlobalAnalyst.com</a>. Publisher: Adrian Day. Owner: Investment Consultants International, Ltd. Staff may have positions in securities discussed herein. Adrian Day is also President of Global Strategic Management (GSM), a registered investment advisor, and a separate company from this service. In his capacity as GSM president, Adrian Day may be buying or selling for clients securities recommended herein concurrently, before or after recommendations herein, and may be acting for clients in a manner contrary to recommendations herein. This is not a solicitation for GSM. Views herein are the editor&#39;s opinion and not fact. All information is believed to be correct, but its accuracy cannot be guaranteed. The owner and editor are not responsible for errors and omissions. &copy; 2023. Adrian Day&#39;s Global Analyst. Information and advice herein are intended purely for the subscriber&#39;s own account. Under no circumstances may any part of a Global Analyst e-mail be copied or distributed without prior written permission of the editor. Given the nature of this service, we will pursue any violations aggressively.

Buybacks

ATUSF

RGLD

Diverse Issues Offset Mostly Strong Revenues

Scotiabank analyst Eric Winmill maintains Fortuna Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) with a Sector Perform and raises the price target from $6 to $6.5.

Scotiabank Maintains Sector Perform on Fortuna Mining, Raises Price Target to $6.5

Fortuna Silver Mines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>) reported quarterly earnings of $0.10 per share which missed the analyst consensus estimate of $0.15 by 33.33 percent. The company reported $259.971 million in sales this quarter. This is a 64.12 percent increase over sales of $158.400 million the same period last year.

Earnings Misses

Fortuna Silver Mines Q2 2024 Adj. EPS $0.10 Misses $0.15 Estimate, Sales $259.971M Up From $158.400M YoY

shares of precious metals stocks are trading lower as gold and silver fall despite overall market uncertainty.

First Majestic Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ag#NYSE">AG</a>) announced that its total production reached 5.3 million silver equivalent (&quot;AgEq&quot;) ounces in the second quarter of 2024. The figure consists of 2.1 million silver ounces and 39,339 gold ounces.
On a sequential basis, silver production grew 7%, whereas gold production increased 9%. Overall silver equivalent ounces jumped 2% from the prior quarter. The rise was mainly driven by higher silver production at La Encantada and increased AgEq production at Santa Elena. However, this was partially offset by lower production at the San Dimas mine.
The Santa Elena gold mine generated 2.6 million AgEq ounces. This includes 3.77 million silver ounces and 27,176 gold ounces, marking increases of 6% and 25%, respectively, over the first quarter of 2024. The La Encantada mine produced 5.85 million silver ounces, a 28% increase from the previous quarter.
San Dimas generated 2.1 million AgEq ounces in the quarter. This includes 1.14 million silver ounces and 12,043 gold ounces, 2% and 11% quarter-over-quarter declines, respectively. The dip was led by a decrease in fresh ore processed, which is largely the outcome of First Magestic&#39;s continuing labor relation negotiations with unionized workers.
<h3>2024 Guidance</h3>
To reflect the pick-up in metal prices and upbeat production results in the second quarter, the company updated its 2024 outlook. The updated silver and gold price estimates for the second half of 2024 are $28.00 and $2,300 per ounce, respectively. It expects silver production of 8.9-9.5 million ounces compared with the prior mentioned 8.6-9.6 million ounces.
AG expects 2024 gold production between 150,000 and 158,000 ounces compared with the prior stated 150,000-167,000.
<h3>Price Performance</h3>
AG shares have lost 9.4% in the past year against the industry&#39;s growth of 38.5%.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c0/71936.jpg?v=2101363664" />
Image Source: Zacks Investment Research
<h3>Zacks Rank</h3>
First Majestic currently flaunts a Zacks Rank #1 (Strong Buy).
<h3>Some Peer Performances in Q2</h3>
Fortuna Mining Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>) reported gold equivalent production of 116,570 ounces in the second quarter of 2024. This reflects a 4% increase from the first quarter of 2024. Gold production was 92,716 ounces and silver production was 990,574 ounces, marking a 44% year-over-year increase and a 22% decrease, respectively.
FSM produced 13 million pounds of Zinc, down 7% from the second quarter of 2023. Lead production increased 3% year over year to 10.5 million pounds.
Endeavour Silver Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/exk#NYSE">EXK</a>) reported silver equivalent production of 2,156,453 ounces in the second quarter of 2024, down 5% year over year. EKX produced 1,312,572 ounces of silver in the quarter, down 12% from the second quarter of 2023. Gold production increased 7% year over year to 10,549 ounces.
Hecla Mining (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>) reported producing 4.5 million ounces of silver in the second quarter of 2024. This marked a 16% year-over-year improvement, reflecting a solid performance at Keno Hill. HL&#39;s gold production was up 6% at 37,324 ounces from the year-ago quarter, as improved results at Casa Berardi offset lower output at Greens Creek.
Hecla Mining produced 7.9 million ounces of silver in the first half of 2024. It believes that it is on track to produce 17 million ounces of silver in 2024.
<a href="https://www.zacks.com/stock/news/2305538/first-majestic-ag-q2-silver-production-rises-sequentially?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2305538">To read this article on Zacks.com click here.</a>

First Majestic Q2 Silver Production Rises Sequentially

Endeavour Silver Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/exk#NYSE">EXK</a>) produced 2.2 million silver equivalent ounces in the second quarter of 2024, a 5% decline from the year-ago quarter, primarily due to reduced silver production at both of its mines, which offset higher gold output. The company also expects to commission the Terronera mine in the fourth quarter of 2024 and commence production in 2025.
<h3>Silver Production Declines on Lower Grades, Gold Up</h3>
Consolidated silver production fell 12% year over year to 1.31 million ounces. This was due to a 12% reduction in silver output at the Guanacev&iacute; mine and a 17% decrease at Bola&ntilde;itos, both due to lower grades.&nbsp;
Endeavour Silver, however, witnessed a 7% year-over-year improvement in gold production at 10,549 ounces. The growth was driven by higher gold grades mined at both Guanacev&iacute; and Bola&ntilde;itos, as well as higher gold content in third-party feed processed at Guanacev&iacute;. Gold output at the Guanacev&iacute; mine rose 9% year over year to 4,243 ounces, while the Bola&ntilde;itos mine output grew 6% to 6,306 ounces.&nbsp;
Guanacev&iacute;&#39;s silver production was 1.196 million ounces (down 12% year over year), which met the company&#39;s expectations. Gold production at 4,243 ounces (up 9%) was higher than expected due to increased gold grades mined and higher content in the third-party feed.
Local third-party feed contributed 15% to Guanacev&iacute;&#39;s quarterly throughput. At current prices, management expects local third-party feed to be higher than 10% of throughput going forward. The Guanacev&iacute; operations are realizing the benefits of the significant plant improvements and modifications made in 2023.
At Bolanitos, gold production increased 6% to 6,306 ounces, while silver production plunged 17% due to lower grades. Silver production was slightly below expectations due to decreased silver grades and lower silver recovery, while throughput remained steady. Milled grades are expected to show similar variations in the second half of the year.
<h3>2024 Production Guidance Maintained</h3>
So far in 2024, EXK has produced 2.2 million silver equivalent ounces and believes it is on track to attain its production target range of 8.1-8.8 million silver equivalent ounces in 2024.
<h3>Improved Metal Prices to Reflect on Q2 Results</h3>
For the second quarter, Endeavour Silver reported a 6% year-over-year decline in silver sales at 1.22 million ounces, while gold sales were flat at 9,887 ounces. At the quarter&#39;s end, the company held 262,160 ounces of silver and 939 ounces of gold in bullion inventory. EXK also held 5,860 ounces of silver and 322 ounces of gold in the concentrate inventory.
The lower sales figures will likely be offset by the elevated gold and silver prices observed through the second quarter and will reflect on Endeavour Silver&#39;s upcoming second-quarter 2024 results. We expect other industry players such as Hecla Mining (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>) and Fortuna Silver Mines Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fsm#NYSE">FSM</a>), among others, to also benefit from this trend.
<h3>Peer Performances</h3>
Fortuna Silver Mines recently announced that it produced 116,570 gold equivalent ounces in the second quarter, which marked a 25% increase from the year-ago quarter. This includes a gold production of 92,716 ounces and a silver production of 990,574 ounces. While gold output marked a 44% year-over-year increase, silver was down 22%.
FSM maintains its gold equivalent production guidance for 2024 to be between 457,000 ounces and 497,000 ounces. Gold production guidance is pegged at 343,000-385,000 ounces while silver production is pegged at 4-4.7 million ounces.
Hecla Mining reported 4.5 million ounces of silver production in the second quarter. This marked a 16% improvement year over year, reflecting solid performance at Keno Hill. HL&#39;s gold production was up 6% at 37,324 ounces from the year-ago quarter as improved results at Casa Berardi offset lower output at Greens Creek.&nbsp;
Hecla Mining has produced 7.9 million ounces of silver in the first half of 2024 and believes it is on track to produce 17 million ounces of silver in 2024.
<h3>EXK&#39;s Price Performance</h3>
Shares of EXK have gained 43.8% over the past year compared with the industry&#39;s 43.3% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/bb/71082.jpg?v=814095057" />
Image Source: Zacks Investment Research
<h3>Zacks Rank &amp; a Stock to Consider</h3>
Endeavour Silver currently carries a Zacks Rank #3 (Hold).
A better-ranked stock from the basic materials space is Ero Copper Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ero#NYSE">ERO</a>), which sports a Zacks Rank #1 (Strong Buy) at present.
The Zacks Consensus Estimate for Ero Copper&#39;s 2024 earnings is pegged at $1.66 per share. The consensus estimate for earnings has moved 20.3% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 53.9%. ERO shares have gained 9.7% in a year.
<a href="https://www.zacks.com/stock/news/2300265/endeavour-silver-s-exk-q2-silver-production-declines-12-y-y?cid=CS-BENZ-FT-analyst_blog|company_news_corporate_actions-2300265">To read this article on Zacks.com click here.</a>

Endeavour Silver's Q2 Silver Production Declines 12% Y/Y

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Wheaton Precious Metals (WPM) announced solid third-quarter 2024 results. The mining company's operations are robust and driven by surging gold prices. So, let's analyze whether it would be wise to invest in this stock. Read on to know more... After following a downtrend during the last two months of 2024, Gold prices are now on an uptrend in January 2025. The <a href="https://www.reuters.com/markets/commodities/gold-eases-dollar-strength-amid-trump-policy-concerns-2025-01-23/">prices have surged continuously</a> amid the market volatility sparked by the softened dollar and lack of clarity around U.S. President Donald Trump's policy plans, raising investors' concerns.
In a recent session, Gold prices soared to near three-month highs. Spot gold rose 0.1% to $ 2,753.19 per ounce, reaching its highest since October 31, when the prices hit their all-time high of $2,790.15. Also, U.S. gold futures settled at $2,765 during the same session.
Amid such trends, Vancouver, Canada-based Wheaton Precious Metals Corp. (<a href="https://stocknews.com/stock/WPM/">WPM</a>), which sells precious metals, could benefit from the rising gold prices. The company engages in the production and sale of gold, silver, palladium, and cobalt deposits. The company's continuously expanding operations and strong financial standings position it for robust growth.
During the third quarter, WPM produced gold equivalent ounces (GEO) of 144,164 ounces and 4,554 ounces of silver, up 34.1% from the prior year's quarter. Further, the company sold 75,694 ounces of Gold in the quarter, up 1.7% year-over-year, and 3,875 ounces of Silver, reflecting robust growth of 30.7% over the prior year. It also reported impressive revenue and net income growth.
Also, WPM recently entered into streaming agreements with Allied Gold Corporation for the Kurmuk Project and Montage Gold Corp. for the Koné Gold Project. With significant exploration potential, the projects will drive growth in the respective locations and diversify WPM's strategic partnerships and portfolio geography. It will result in meaningful near-term production and reinforce WPM's prominent market position.
Further, in the third quarter of 2024, WPM attained record cash flow from operations, driven by strategic initiatives to leverage rising commodity prices. Wheaton's efficient business model, strategic streaming and royalty agreements, and robust financial performance will continue to boost its long-term prospects.
WPM's efforts resonate with its stock performance. Shares of WPM soared by 4.2% over the past month to close the last trading session at $59.21. Also, the stock marked an impressive growth of 24.1% over the past year.
Let's look at factors that could influence WPM's performance in the upcoming months.
Recent Positive Developments
On December 5, 2024, WPM's wholly-owned subsidiary, Wheaton Precious Metals International Ltd., entered into a definitive Precious Metals Purchase Agreement with Allied Gold Corporation and its wholly owned subsidiary, Allied Gold Services Inc., for the Kurmuk Project located in Ethiopia. The streaming agreement will advance the construction of the Kurmuk project.
The Kurmuk project has the potential to become one of the world's most significant precious metal mines, and its inherent value will benefit WPM highly in the long term.
On October 23, 2024, WPM's Wheaton Precious Metals International Ltd. entered into a definitive Precious Metals Purchase Agreement with Montage Gold Corp. with respect to its Koné Gold Project located in Côte d'Ivoire. The project is expected to significantly boost WPM's near-term annual gold production and further strengthen its segment growth.
Solid Financials
For the third quarter that ended September 30, 2024, WPM's sales increased 38.1% year-over-year to $308.25 million. Also, its <a href="https://www.investopedia.com/terms/g/grossmargin.asp">gross margin</a> increased 55.6% from the prior quarter's quarter to $197.41 million. The company's earnings from operations grew 56.8% from the year-ago value to $175.94 million.
Furthermore, adjusted net earnings amounted to $152.80 million and $0.34 per share, indicating 25.8% and 25.4% increases from the prior year's quarter, respectively. WPM's operating cash flows were $254.34 million for the quarter, reflecting growth of 48.6% year-over-year.
Impressive Historical Growth
WPM's revenue grew at a CAGR of 0.2% over the past three years, while its EBITDA improved at a CAGR of 1.6%. Its EBIT increased at a CAGR of 2.7% over the same period, while the company's normalized net income grew at a CAGR of 3.9% over the same time frame.
In addition, the company's total assets and tangible book value increased at CAGRs of 6.9% and 6.5% over the same timeframe, respectively.
Favorable Analyst Estimates
Analysts expect WPM's revenue for the fourth quarter (ended December 2024) to come in at $395.40 million, indicating an increase of 26.1% year-over-year. The consensus EPS estimate of $0.45 for the same period reflects a 24.4% year-over-year improvement. Moreover, WPM has an impressive earnings surprise history, having topped consensus EPS estimates in three of the trailing four quarters.
For the fiscal year (ended December 2024), the company's revenue and EPS are anticipated to grow 26.9% and 23.5% year-over-year to $1.29 billion and $1.45. In addition, Street expects its revenue and EPS for the fiscal year 2025 to grow 26.9% and 28.3% from the prior year to $1.64 billion and $1.86.
High Profitability
WPM's trailing-12-month gross profit margin of 80.40% is 179.3% higher than the 28.78% industry average. Its trailing-12-month EBIT margin of 54.97% is considerably higher than the industry average of 10.54%. Likewise, the stock's trailing-12-month net income margin of 50.05% is 946% higher than the industry average of 4.79%.
Furthermore, the stock's trailing-12-month ROCE, ROTC, and ROTA of 8.64%, 5.93%, and 8.25% are higher than the 5.83%, 4.94%, and 2.44% industry averages, respectively.
High Valuation
In terms of forward non-GAAP P/E, WPM is currently trading at 41.37x, 153.3% higher than the industry average of 16.34x. Likewise, the stock's forward EV/Sales and Price/Sales of 20.64x and 21.14x are significantly higher than the industry averages of 1.66x and 1.35x, respectively.
Additionally, the stock's forward EV/EBITDA and Price/Cash Flow of 26.97x and 27.34x are 215.1% and 200% higher than the industry averages of 8.56x and 9.11x, respectively.
POWR Ratings Reflect Uncertainty
WPM's mixed fundamentals are reflected in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. The stock has an overall rating of C, translating to a Neutral in our proprietary system. The POWR Ratings are calculated by considering 118 different factors, with each factor weighted to an optimal degree.
Our proprietary rating system also evaluates each stock based on eight distinct categories. WPM has a B grade for Quality, in sync with its higher profitability relative to its peers.
However, owing to its stretched valuation, the stock has earned a D grade for Value.
WPM is ranked #4 among the 9 stocks in the <a href="https://stocknews.com/category/silver-miners/">Miners - Silver</a> industry.
Beyond what I have stated above, we have also given WPM grades for Stability, Growth, Momentum, and Sentiment. Get access to all the WPM ratings <a href="https://stocknews.com/stock/WPM/">here</a>.
Bottom Line
WPM reported solid financial results in the last reported quarter. Further, the company's long-term prospects appear promising, driven by solid demand for commodities like gold and silver across various sectors, strategic partnerships and investments, strong financial position, and favorable cash flows.
However, risks associated with fluctuations in the price of commodities and changing regulatory, political, and other policies could otherwise impact its mining and financial operations.
Given WPM's stretched valuation and high dependency on fluctuating commodity prices, waiting for a better entry into this stock could be prudent.
Stocks to Consider Instead of Wheaton Precious Metals Corp. (WPM)
Given its near-term uncertain prospects, the odds of WPM outperforming in the weeks and months ahead are compromised. However, there are many industry peers with much more impressive POWR Ratings. So, consider these A (Strong Buy) or B (Buy) stocks from the <a href="https://stocknews.com/category/silver-miners/">Miners - Silver</a> industry instead:
Fortuna Silver Mines Inc. (<a href="https://stocknews.com/stock/FSM/">FSM</a>)
Silvercorp Metals Inc. Common Shares (<a href="https://stocknews.com/stock/SVM/">SVM</a>)
Pan American Silver Corp. (<a href="https://stocknews.com/stock/PAAS/">PAAS</a>)
For exploring more A and B-rated miners stocks, <a href="https://stocknews.com/category/silver-miners/">click here</a>.
What To Do Next?
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<hr />
WPM shares were trading at $60.10 per share on Tuesday afternoon, up $0.89 (+1.50%). Year-to-date, WPM has gained 6.86%, versus a 3.05% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: Rjkumari Saxena</h2> <img src='https:/wp-content/uploads/2024/04/Rajkumari-Saxena_Image-1.jpeg' style="float:left; padding:5px;width:125px;">Rajkumari started her career as a writer but gradually shifted her focus to financial journalism, leveraging her educational background in Commerce. Fascinated by the interplay of business and economic shifts in equities, she aspires to evolve as an analyst. With a knack for simplifying complex financial concepts, her mission is to empower investors with insights that lead to profitable decisions.<a href="https://stocknews.com/authors/?author=rajkumari-saxena">More...</a>The post <a href=https://stocknews.com/news/wpm-fsm-svm-paas-is-wheaton-precious-metals-a-safe-bet-as-gold-prices/>Is Wheaton Precious Metals a Safe Bet as Gold Prices Surge?</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

Is Wheaton Precious Metals a Safe Bet as Gold Prices Surge?

Unusual total active option classes on open include: Fortuna Silver Mines (FSM), Nokia (NOK), Flagstar Financial Inc (FLG), Affirm Holdings (AFRM),...

Unusually active option classes on open January 30th

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Press Releases

Fortuna reports solid production of 110,820 gold equivalent ounces for the third quarter of 2024

Fortuna to release third quarter 2024 financial results on November 6, 2024; Conference call at 12 pm EST on November 7, 2024

Opinion

As Gold Nears Record Highs, Analysts See Major Upside in Mining Stocks

Fortuna reports record earnings for the third quarter of 2024

Critical Metals Surge Opens Prime Opportunity for Mining Investors

Fortuna reports progress on its share buyback program

Fortuna updates Mineral Reserves and Mineral Resources for the Séguéla Mine, Côte d'Ivoire

Fortuna extends Kingfisher deposit with drill intersect of 4.1 g/t Au over 15.3 meters at the Séguéla Mine, Côte d'Ivoire

General

Fortuna announces sale of non-core San Jose Mine, Mexico

Fortuna reports record production of 455,958 Au Eq ounces for 2024 and provides 2025 outlook.

CSE:YMC

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TSX:PTM

YMMCF

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National Bank Financial Inc

포르투나 실버 마인즈(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>)는 는 서아프리카와 라틴 아메리카 전역의 사업장에서 강력한 1분기 금 및 금 등가물 생산량을 보고했다. 이 회사의 1분기 보고서는 금과 은 생산 모두에서 이러한 <a href="https://www.benzinga.com/news/large-cap/24/04/38117669/gold-shines-above-2-300-ends-another-week-at-record-high-mining-stocks-rally-to-11-month-peak" target="_blank" rel="noopener">귀금속에 대한 상당한 상승세</a>를 보인 한 해 동안 주목할만한 성과를 나타냈다.
금 생산은 89,678 온스를 기록했으며, 은은 1.1백만 온스 또는 금 동등 온스 112,543 온스를 기록했다. 이에는 부산물인 납과 아연을 포함한다.
포르투나는 2024년 연간 생산 가이드라인을 재확인하며 금, 은, 금 동등 온스 생산을 예상대로 하는 바, 이로써 343 ~ 385천 온스의 금, 470 ~ 570만 온스의 은, 그리고 457 ~ 497천 온스의 금 동등 온스를 생산할 것으로 예상된다.
이제 읽어보세요: <a href="https://www.benzinga.com/m-a/24/04/38143891/karora-resources-westgold-resources-merge-a-new-business-dominant-across-two-historic-yet-under-expl"> Karora Resources, Westgold Resources가 합병: ‘두 곳의 역사적이지만 미개척된 금광지역에서 우월한 신사업이 생겨나다&#8217;</a>
이에 따라 숫자를 좀 더 자세히 살펴보면 포르투나의 2024년 1분기 하이라이트는 회사의 신용 시설에 대한 4,000만 달러 상환까지 포함하여 2023년 3분기 이후의 총 상환액이 1억 2100만 달러에 달한다.
또한 회사는 1월 초에 복원된 일반 발행자 입찰 프로그램에 따라 1,030,375주를 재매입했다. 주당 평균 가격은 3.42달러로 총 352만 달러에 이른다.
회사의 <a href="https://fortunasilver.com/investors/news/fortuna-reports-strong-gold-equivalent-production-of-112-543-ounces-in-the-first-quarter-of-2024/">보고서</a>에 따르면, 제일 중요한 것은 회사의 총 기록 가능한 부상 빈도율이 3.10으로 급등한 것이다. 이는 2023년 1분기의 1.39와 비교해 큰 부상 빈도를 나타낸다.
단기에서 중기적인 전망을 보면, 최근 실적 컨퍼런스 콜에서 나온 의견들이 회사의 성장 동력에 대한 통찰을 제공하는 바다.
금 생산은 전년동기대비 49% 증가했지만, 은 생산은 32% 감소했다. 그래도 세네갈의 디암바 수드(Diamba Sud) 및 코트디부아르의 세구엘라(Séguéla) 광산과 같은 프로젝트들은 포츄나의 성장 궤도에 상당히 기여할 것으로 예상된다.
회사는 미네랄 광맥을 강화하고 자원 기반을 확장하는 것에 목표를 두고 있지만, 관리 부서는 2021년부터 프랑코 네바다 코퍼레이션(Franco Nevada Corp) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>)와의 로열티 계약에 따라 세구엘라의 순 제련소 반환액의 1.2%를 660만 달러에 50% 인수할 수 있는 권리를 행사했다.
회사의 대차대조표 상황도 개선된 것으로 나타났다. 전년동기 대비로는 부채가 2억 4400만 달러에서 2억 600만 달러로 감소했고 현금 보유액은 약 1억 2800만 달러로 유지되었다.
Benzinga Mining은 광산 기업과 소매 투자자 사이의 연결다리 역할을 합니다. <a href="mailto:licensing@benzinga.com">licensing@benzinga.com</a>에 연락하여 시작하세요! 
다 읽기:<a href="https://www.benzinga.com/news/24/04/38111546/barrick-targets-peruvian-expansion-amidst-record-gold-prices">바릭, 최고기록의 금 가격과 함께 페루 확장 목표로 삼다</a>
사진: <a href="https://www.shutterstock.com/g/inok">Inozemtsev Konstantin</a>/via Shutterstock

금값은 온스당 2,300달러를 넘어 사상 최고치를 기록하며 또 한 주를 마감했다. 3월 일자리 보고서가 <a href="https://www.benzinga.com/etfs/specialty-etfs/24/04/38108835/us-labor-market-heats-up-in-march-payrolls-grow-by-303-000-highest-in-10-months-dampen-rate-c">예상보다 더 뜨거워</a>진 후에도 요는 여전히 높다.
금은 이번 주 금리 우려에 대한 일반적인 민감도에서 벗어나 인상적인 회복력을 보였다.
금은 금리 인하가 시장 예상만큼 신속하게 실현되지 않을 수도 있다는 다수의 연방준비제도(연준) 총재들의 경고에도 불구하고 지난 7년 동안 6주 동안 4% 상승하며 상승세를 기록했다.
금은 또한 이번 세션에서 주목할만한 1.5% 상승을 보여 귀금속에 대한 전통적인 거시적 역풍에도 불구하고 인상적인 강인함과 탄력성을 강조했다.
금 가격이 전례 없는 수준으로 치솟으면서 광산주들은 한동안 볼 수 없었던 강세를 경험하고 있다.
반에크 골드 광산 ETF(VanEck Gold Miners ETF) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) 는 지난 9일 중 8일이 상승세를 보였으며, 이로써 2023년 5월 이후의 최고치를 갱신했다.
뉴몬트 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) &#8211; 세계 최대 규모의 금 광산업체이자 GDX의 핵심 기업 &#8211; 는이번 주에 10% 이상 급등하여 S&amp;P 500 주식 중 가장 견고한 성과와 13개월 만에 최고의 한 주를 보여주었다.
차트: 뉴몬트, 2023년 3월 이후 최고 실적 주간 기록
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" class="wp-image-280143" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/05154058/image-12-1024x495.png" sizes="(max-width: 1024px) 100vw, 1024px" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/05154058/image-12-1024x495.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/05154058/image-12-300x145.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/05154058/image-12-768x372.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/05154058/image-12-1536x743.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/05154058/image-12.png 1920w" alt="" width="1024" height="495" /></figure>
<h3 class="wp-block-heading">이번 주 S&amp;P 500 주식 중 가장 성공적인 기업 </h3>
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<tbody>
<tr>
<td>기업명</td>
<td>주가 변동률 (5D)</td>
</tr>
<tr>
<td>뉴몬트</td>
<td>10.67%</td>
</tr>
<tr>
<td>마라톤 페트롤리움 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MPC#NYSE">MPC</a>)</td>
<td>8.99%</td>
</tr>
<tr>
<td>메타 플랫폼 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)</td>
<td>8.31%</td>
</tr>
<tr>
<td>발레로 에너지 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>)</td>
<td>7.70%</td>
</tr>
<tr>
<td>NRG 에너지 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>)</td>
<td>7.70%</td>
</tr>
<tr>
<td>옥시덴탈 페트롤리움 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>)</td>
<td>6.97%</td>
</tr>
<tr>
<td>웨스턴 디지털 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NYSE">WDC</a>)</td>
<td>6.84%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">이번 주 가장 성공적인 금 및 은 광산 기업</h3>
<figure class="wp-block-table is-style-stripes">
<table style="overflow:auto; height: 90px; display: block;">
<tbody>
<tr>
<td>기업명</td>
<td>주가 변동률 (5D)</td>
</tr>
<tr>
<td>퍼스트 마제스틱 실버 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>)</td>
<td>32.57%</td>
</tr>
<tr>
<td>쾨르 마이닝 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>)</td>
<td>29.18%</td>
</tr>
<tr>
<td>포르투나 실버 마인스 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSM#NYSE">FSM</a>)</td>
<td>26.01%</td>
</tr>
<tr>
<td>칼리버 마이닝 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CXB#NYSE">CXB</a>)</td>
<td>18.56%</td>
</tr>
<tr>
<td>판 아메리카 실버 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>)</td>
<td>16.55%</td>
</tr>
<tr>
<td>MAG 실버 Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAG#NYSE">MAG</a>)</td>
<td>14.70%</td>
</tr>
<tr>
<td>헤클라 마이닝 컴퍼니 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>)</td>
<td>14.66%</td>
</tr>
<tr>
<td>에메랄드 리소스 NL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>)</td>
<td>13.65%</td>
</tr>
<tr>
<td>K92 마이닝 Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNT#NYSE">KNT</a>)</td>
<td>13.49%</td>
</tr>
<tr>
<td>아야 골드 앤 실버 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AYA#NYSE">AYA</a>)</td>
<td>12.95%</td>
</tr>
</tbody>
</table>
</figure>
지금 읽기: <a href="https://www.benzinga.com/markets/cannabis/24/04/38102205/desantis-furious-as-legal-weed-abortion-rights-move-toward-november-ballot-calls-amendments-radi">디샌티스, 11월 투표를 앞두고 대마초, 낙태권 위한 개정안에 분노</a>

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