Research Analysts Issue Forecasts for FSM FY2024 Earnings

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – National Bank Financial raised their FY2024 earnings per share (EPS) estimates for Fortuna Silver Mines in a report issued on Wednesday, November 20th. National Bank Financial analyst D. Demarco now expects that the basic materials company will post earnings of $0.53 per share for the year, up from their previous estimate of $0.44. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.43 per share. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2025 earnings at $0.66 EPS and FY2026 earnings at $0.53 EPS.

Separately, Scotiabank raised their price target on shares of Fortuna Silver Mines from $6.00 to $6.50 and gave the stock a “sector perform” rating in a research report on Monday, August 19th.

Fortuna Silver Mines Price Performance

Shares of NYSE FSM opened at $4.97 on Monday. The business has a 50 day moving average price of $4.85 and a two-hundred day moving average price of $4.94. Fortuna Silver Mines has a fifty-two week low of $2.63 and a fifty-two week high of $6.36. The firm has a market cap of $1.56 billion, a PE ratio of 62.13 and a beta of 1.58. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12.

Institutional Trading of Fortuna Silver Mines

Several institutional investors and hedge funds have recently bought and sold shares of FSM. Financial Management Professionals Inc. acquired a new stake in shares of Fortuna Silver Mines during the third quarter worth $29,000. Banque Cantonale Vaudoise bought a new position in Fortuna Silver Mines in the second quarter worth about $36,000. Private Advisor Group LLC bought a new position in Fortuna Silver Mines in the third quarter worth about $50,000. Hohimer Wealth Management LLC acquired a new position in Fortuna Silver Mines in the second quarter valued at approximately $54,000. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Fortuna Silver Mines during the first quarter valued at approximately $56,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

About Fortuna Silver Mines

Fortuna Mining Corp. engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d’Ivoire.