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Top Performers on the TSX This Week

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TSX,Top Performers,Fortuna

Shares of Fortuna and a lumber company have been performing well on the TSX due to positive sales reports and buyback announcements.

Shares of Fortuna have continued to rise ever since the Vancouver-based miner reported sales Nov. 8 that beat earnings estimates. On Friday, BMO Capital Markets initiated coverage of the stock with an outperform recommendation based on strong cash flows. Analysts have two buys, three holds and no sells on the stock and a 12-month price target of $5.77, according to Bloomberg. Shares of the lumber company have rebounded 30 per cent from their 2023 low late last month. On Nov.

8, the Vancouver-based company announced it would buy back up to 5.1 million shares by Nov. 12. For 2023, shares are up six per cent. Analysts have five buys, no holds and no sells on the stock and a 12-month price target of $28.20, according to Bloomberg

Source: News Formal (newsformal.com)

TSX Top Performers Fortuna Lumber Company Sales Buyback

 

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