Fortitude Gold Stock (OTC:FTCO), Trade Ideas

Fortitude Gold Corp is a mineral exploration and evaluation company. It mainly explores gold and silver. It is focused on developing the Isabella Pearl project, Golden Mile property, East Camp Douglas property, Mina Gold property, and County Line property.

Markets

FTCO

GOLD

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FORTITUDE GOLD CORP by Fortitude Gold Corporation

Fortitude Gold Corp

WIIM

TROW

T. Rowe Price shares are trading higher following better-than-expected Q1 financial results.

Interactive Strength &nbsp;announced that it had converted $3.0 million of the Company's $8.0 million senior loan to equity and extended the maturity of the remaining loan balance to December 2024.

News

TRNR

Interactive Strength Says It Strengthened Balance Sheet By Partially Converting Senior Loan To Equity And Extending Maturity; Company Reduced Liability Of Senior Loan by Converting $3.0M To Equity

Stellar Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STEL#NYSE">STEL</a>) reported quarterly earnings of $0.49 per share which beat the analyst consensus estimate of $0.48 by 2.08 percent. This is a 30 percent decrease over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $108.414 million which beat the analyst consensus estimate of $107.136 million by 1.19 percent. This is a 12.09 percent decrease over sales of $123.325 million the same period last year.

Earnings

Earnings Beats

STEL

Stellar Bancorp Q1 2024 GAAP EPS $0.49 Beats $0.48 Estimate, Sales $108.414M Beat $107.136M Estimate

T. Rowe Price Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TROW#NASDAQ">TROW</a>) reported quarterly earnings of $2.38 per share which beat the analyst consensus estimate of $2.04 by 16.67 percent. The company reported quarterly sales of $1.750 billion which beat the analyst consensus estimate of $1.715 billion by 2.06 percent. This is a 13.78 percent increase over sales of $1.538 billion the same period last year.

T. Rowe Price Gr Q1 2024 Adj EPS $2.38 Beats $2.04 Estimate, Net Revenues $1.750B Beat $1.715B Estimate

Constantino will also continue to support XP in an advisory role for a 12-month period after the transition and will remain a member of XP&#39;s Board of Directors. In addition, current Head of Investor Relations Andr&eacute; Parize, who has been named Chief Investor Relations Officer, effective August 1, 2024, will report to Mr. Mansur.

Management

XP Names Victor Mansur As CFO Effective August 1, 2024, Succeeding Bruno Constantino

HC Wainwright &amp; Co. analyst Douglas Tsao reiterates Praxis Precision Medicine (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRAX#NASDAQ">PRAX</a>) with a Buy and maintains $105 price target.

Price Target

Reiteration

Analyst Ratings

PRAX

HC Wainwright & Co. Reiterates Buy on Praxis Precision Medicine, Maintains $105 Price Target

<ul>
<li>First quarter&nbsp;total residential and small and medium business (&quot;SMB&quot;) Internet customers decreased by 72,000. As of&nbsp;March 31, 2024, Charter served a total of 30.5 million residential and SMB Internet customers.</li>
<li>First quarter&nbsp;total residential and SMB mobile lines increased by 486,000. As of&nbsp;March 31, 2024, Charter served a total of 8.3 million mobile lines.</li>
<li>As of&nbsp;March 31, 2024, Charter had a total of 32.0 million residential and SMB customer relationships, excluding mobile-only relationships.</li>
<li>First quarter&nbsp;revenue of&nbsp;$13.7 billion&nbsp;grew by&nbsp;0.2%&nbsp;year-over-year, driven by residential mobile service revenue growth of&nbsp;37.8%&nbsp;and residential Internet revenue growth of&nbsp;1.9%.</li>
</ul>

CHTR

Charter Communications Reported Q1 Residential and Small and Medium Business ("SMB") Internet Customers Decrease of 72,000, Residential and SMB Mobile Lines Increase of 486,000

SLCA

U.S. Silica Entered Into A Definitive Agreement To Be Acquired By Funds Managed By Affiliates Of Apollo At An Enterprise Value Of $1.85B

WisdomTree (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WT#NYSE">WT</a>) reported quarterly earnings of $0.12 per share which beat the analyst consensus estimate of $0.11 by 9.09 percent. This is a 71.43 percent increase over earnings of $0.07 per share from the same period last year. The company reported quarterly sales of $96.838 million which beat the analyst consensus estimate of $94.252 million by 2.74 percent. This is a 18.03 percent increase over sales of $82.044 million the same period last year.

WisdomTree Q1 2024 Adj EPS $0.12 Beats $0.11 Estimate, Sales $96.838M Beat $94.252M Estimate

Phillips 66 (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSX#NYSE">PSX</a>) reported quarterly earnings of $1.90 per share which missed the analyst consensus estimate of $2.17 by 12.44 percent. This is a 54.87 percent decrease over earnings of $4.21 per share from the same period last year. The company reported quarterly sales of $36.436 billion which beat the analyst consensus estimate of $33.075 billion by 10.16 percent. This is a 3.84 percent increase over sales of $35.089 billion the same period last year.

Earnings Misses

Phillips 66 Q1 2024 Adj EPS $1.90 Misses $2.17 Estimate, Sales $36.436B Beat $33.075B Estimate

Virtus Inv (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTS#NASDAQ">VRTS</a>) reported quarterly earnings of $5.41 per share which met the analyst consensus estimate. This is a 28.81 percent increase over earnings of $4.20 per share from the same period last year. The company reported quarterly sales of $222.042 million which beat the analyst consensus estimate of $204.830 million by 8.40 percent. This is a 12.21 percent increase over sales of $197.874 million the same period last year.

VRTS

Virtus Inv Q1 2024 GAAP EPS $5.41, Inline, Sales $222.042M Beat $204.830M Estimate

The European Commission (EC), which has the authority to approve medicines for the European Union (EU), will now review the CHMP recommendation. The final EC decision is expected in June 2024.

Bristol Myers Says EMA's CHMP Recommended Approval Of Opdivo Combination With Cisplatin, Gemcitabine For First-line Treatment Of Adult Patients With Unresectable Or Metastatic Urothelial Carcinoma

Oil States International (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OIS#NYSE">OIS</a>) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $(0.01) by 2200 percent. This is a 600 percent increase over earnings of $0.03 per share from the same period last year. The company reported quarterly sales of $167.26 million which missed the analyst consensus estimate of $190.07 million by 12.00 percent. This is a 14.75 percent decrease over sales of $196.20 million the same period last year.

Oil States International Q1 EPS $0.21 Beats $(0.01) Estimate, Sales $167.26M Miss $190.07M Estimate

US Silica Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLCA#NYSE">SLCA</a>) reported quarterly earnings of $0.20 per share which met the analyst consensus estimate. The company reported quarterly sales of $325.900 million which missed the analyst consensus estimate of $336.591 million by 3.18 percent. This is a 26.31 percent decrease over sales of $442.240 million the same period last year.

US Silica Holdings Q1 2024 Adj. EPS $0.20, Inline, Sales $325.900M Miss $336.591M Estimate

Strategic Priorities and Business Update
Phillips 66 is executing its strategic priorities to increase mid-cycle adjusted EBITDA to $14 billion by 2025 and return over 50% of operating cash flow to shareholders. Since July 2022, the company has distributed $9.9 billion through share repurchases and dividends and is on pace to achieve its $13 billion to $15 billion target by year-end 2024.
Phillips 66 plans to monetize assets that no longer fit its long-term strategy. The company is progressing the potential divestiture of its retail marketing business in Germany and Austria. Completion of dispositions is subject to market and other conditions, including customary approvals.

Phillips 66 Says It Is Executing Its Strategic Priorities To Increase Mid-Cycle Adjusted EBITDA To $14B By 2025 And Return Over 50% Of Operating Cash Flow To Shareholders

Increasing 2024&nbsp;guidance
Roper now expects full year 2024 adjusted DEPS of&nbsp;$18.05&nbsp;-&nbsp;$18.25, compared to previous&nbsp;guidance&nbsp;of&nbsp;$17.85&nbsp;-&nbsp;$18.15.
For the&nbsp;second quarter&nbsp;of 2024, the Company expects adjusted DEPS of&nbsp;$4.42&nbsp;-&nbsp;$4.46.

Guidance

Roper Technologies Expects Q2 Adj EPS of $4.42-$4.46 Vs $4.49 Est, FY24 Adj EPS of $18.05-$18.25 (Prior $17.85-$18.15) Vs $18.12 Est

Newell Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NWL#NASDAQ">NWL</a>) reported quarterly losses of $(0.00) per share which beat the analyst consensus estimate of $(0.07) by 98.57 percent. This is a 98.33 percent increase over losses of $(0.06) per share from the same period last year. The company reported quarterly sales of $1.653 billion which beat the analyst consensus estimate of $1.644 billion by 0.52 percent. This is a 8.42 percent decrease over sales of $1.805 billion the same period last year.

Newell Brands Q1 2024 Adj EPS $(0.00) Beats $(0.07) Estimate, Sales $1.653B Beat $1.644B Estimate

Sensient Technologies Reiterates FY24 Diluted Earnings Per Share Of $2.80-$2.90 Vs. $2.98 Estimate, Projects Revenue To Grow At Mid-Single-Digit Rate On Local Currency Basis

B of A Securities analyst John Babcock downgrades Hertz Global Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) from Neutral to Underperform and lowers the price target from $9 to $3.

Downgrades

B of A Securities Downgrades Hertz Global Holdings to Underperform, Lowers Price Target to $3

AutoNation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AN#NYSE">AN</a>) reported quarterly earnings of $4.49 per share. This is a 28.62 percent decrease over earnings of $6.29 per share from the same period last year. The company reported $6.49 billion in sales this quarter. This is a 5.88 percent decrease over sales of $6.89 billion the same period last year.

AutoNation Q2 EPS $4.49 Down From $6.29 YoY, Sales $6.49B Down From $6.89B YoY

These Basic Materials stocks are trading higher:-5E Advanced Materials Inc (FEAM) stock is trading at $1.94, a rise of $0.46, or 31.08%, on high volume.  5E Advanced Materials Inc gets a Sentiment Score of Very Bullish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target o

Basic Materials Stocks on the Move Tuesday: FEAM, GLT, SEED, SGML, ASPI, OCANF, FTCO, GROY

Fortitude Gold reports FY results

Fortitude Gold declares $0.04 dividend

These Basic Materials stocks are trading higher:-ASP Isotopes Inc (ASPI) stock is trading at $3.81, a rise of $0.18, or 5.03%, on low volume.  Asp Isotopes Inc gets a Sentiment Score of Bullish from InvestorsObserver and receives an average analyst recommendation of Strong Buy with a price target of $5.25. Asp Isotopes Inc

Basic Materials Stocks Moving Tuesday: ASPI, FTCO, TMC, PPTA, METC, ALTO, FEAM, SLI

Fortitude Gold names Janet Turner as interim CFO

Fortitude Gold Corp. (FTCO) has issued an update. Fortitude Gold Corporation has announced the retirement of CFO John Labate and the appointment of...

Fortitude Gold Announces CFO Transition and New Appointment

Fortitude Gold reports preliminary Q1 production results of 3,983 gold ounces

Fortitude Gold: Record Gold Price Balancing Permitting Limbo

The Market Is Overlooking Recovery Potential Of Fortitude Gold (Rating Upgrade)

ALTO

ASPI

FEAM

GDXJ

GROY

METC

OCANF

PPTA

SEED

SGML

Press Releases

Fortitude Gold Drills 1.52 Meters Grading 32.00 G/T Gold Within 18.29 Meters Grading 4.28 G/T Gold at East Camp Douglas North

Fortitude Gold Announces Year-End 2023 Conference Call

Fortitude Gold Reports 2023 Net Income of $17 Million, $656 All-in Sustaining Cost, and Increased Cash Balance to $48.7 Million

Dividends

Fortitude Gold Declares March 2024 Monthly Dividend

Fortitude Gold Discovers Lithocap High-Grade Feeder Including 3.05 Meters Grading 5.57 G/T Gold within 12.19 Meters Grading 2.90 G/T Gold at East Camp Douglas