FY2024 EPS Estimates for FSM Cut by National Bank Financial

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Equities research analysts at National Bank Financial dropped their FY2024 earnings per share (EPS) estimates for shares of Fortuna Silver Mines in a research report issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the basic materials company will earn $0.44 per share for the year, down from their prior estimate of $0.52. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.47 per share. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2025 earnings at $0.49 EPS.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Fortuna Silver Mines had a return on equity of 8.75% and a net margin of 0.20%. The firm had revenue of $259.97 million for the quarter.

Separately, Scotiabank upped their price objective on Fortuna Silver Mines from $6.00 to $6.50 and gave the stock a “sector perform” rating in a research note on Monday, August 19th.

Fortuna Silver Mines Price Performance

FSM opened at $5.08 on Thursday. The company has a current ratio of 1.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $1.55 billion, a price-to-earnings ratio of -46.14 and a beta of 1.60. Fortuna Silver Mines has a 12-month low of $2.63 and a 12-month high of $6.36. The business’s fifty day simple moving average is $4.75 and its 200-day simple moving average is $4.91.

Institutional Investors Weigh In On Fortuna Silver Mines

Hedge funds have recently made changes to their positions in the stock. Financial Management Professionals Inc. purchased a new stake in shares of Fortuna Silver Mines during the 3rd quarter worth $29,000. Banque Cantonale Vaudoise purchased a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth $36,000. Perritt Capital Management Inc. raised its stake in Fortuna Silver Mines by 40.0% in the first quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock valued at $39,000 after buying an additional 3,000 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Fortuna Silver Mines in the third quarter valued at about $50,000. Finally, Hohimer Wealth Management LLC purchased a new stake in Fortuna Silver Mines in the second quarter valued at about $54,000. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Fortuna Silver Mines Company Profile

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.