Q3 EPS Estimates for TSE:FVI Cut by National Bank Financial

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) – National Bank Financial reduced their Q3 2024 earnings estimates for Fortuna Silver Mines in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings of $0.15 per share for the quarter, down from their prior forecast of $0.22. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.79 per share.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its quarterly earnings data on Wednesday, August 7th. The company reported C$0.18 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.04). Fortuna Silver Mines had a net margin of 0.20% and a return on equity of 1.00%. The company had revenue of C$355.70 million for the quarter.

Separately, Canaccord Genuity Group increased their price objective on Fortuna Silver Mines from C$7.50 to C$8.00 in a research note on Tuesday, July 23rd.

Fortuna Silver Mines Price Performance

The stock’s 50 day moving average is C$6.42 and its 200 day moving average is C$6.72. The company has a debt-to-equity ratio of 16.12, a current ratio of 1.51 and a quick ratio of 1.15. The company has a market cap of C$2.21 billion, a P/E ratio of -39.25 and a beta of 1.63. Fortuna Silver Mines has a 52-week low of C$3.57 and a 52-week high of C$8.68.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc 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.