Scotiabank Has Positive Outlook for FSM FY2025 Earnings

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Stock analysts at Scotiabank boosted their FY2025 earnings per share estimates for shares of Fortuna Silver Mines in a report issued on Wednesday, January 8th. Scotiabank analyst E. Winmill now anticipates that the basic materials company will post earnings of $0.60 per share for the year, up from their previous estimate of $0.46. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.47 per share. Scotiabank also issued estimates for Fortuna Silver Mines’ FY2026 earnings at $0.46 EPS.

Fortuna Silver Mines Trading Down 2.4 %

NYSE:FSM opened at $4.40 on Monday. The company has a market capitalization of $1.35 billion, a PE ratio of 55.01 and a beta of 1.55. Fortuna Silver Mines has a 52-week low of $2.63 and a 52-week high of $6.36. The stock’s 50 day moving average price is $4.65 and its 200 day moving average price is $4.74. 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

A number of large investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Fortuna Silver Mines in the 3rd quarter worth $1,347,000. Cubist Systematic Strategies LLC lifted its position in Fortuna Silver Mines by 273.0% in the second quarter. Cubist Systematic Strategies LLC now owns 1,263,905 shares of the basic materials company’s stock valued at $6,180,000 after purchasing an additional 925,084 shares during the period. Van ECK Associates Corp boosted its holdings in Fortuna Silver Mines by 2.6% in the 3rd quarter. Van ECK Associates Corp now owns 30,563,833 shares of the basic materials company’s stock valued at $141,511,000 after purchasing an additional 788,703 shares in the last quarter. K2 Principal Fund L.P. purchased a new position in Fortuna Silver Mines in the second quarter worth $550,000. Finally, D. E. Shaw & Co. Inc. boosted its position in shares of Fortuna Silver Mines by 165.9% during the 2nd quarter. D. E. Shaw & Co. Inc. now owns 5,557,376 shares of the basic materials company’s stock worth $27,176,000 after purchasing an additional 3,467,562 shares in the last quarter. 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.