National Bank Financial Predicts FSM FY2024 Earnings

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Research analysts at National Bank Financial lifted their FY2024 earnings per share estimates for shares of Fortuna Silver Mines in a note issued to investors on Wednesday, November 20th. National Bank Financial analyst D. Demarco now forecasts that the basic materials company will post earnings per share of $0.53 for the year, up from their prior estimate of $0.44. 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 $0.66 EPS and FY2026 earnings at $0.53 EPS.

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

Fortuna Silver Mines Stock Performance

Shares of FSM opened at $4.84 on Monday. The company has a market cap of $1.52 billion, a PE ratio of 60.63 and a beta of 1.58. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. Fortuna Silver Mines has a 12-month low of $2.63 and a 12-month high of $6.36. The stock has a 50-day moving average price of $4.85 and a 200-day moving average price of $4.94.

Hedge Funds Weigh In On Fortuna Silver Mines

Large investors have recently modified their holdings of the company. Financial Management Professionals Inc. purchased a new position in shares of Fortuna Silver Mines during the 3rd quarter valued at about $29,000. Banque Cantonale Vaudoise purchased a new position in Fortuna Silver Mines in the 2nd quarter worth approximately $36,000. Private Advisor Group LLC purchased a new position in Fortuna Silver Mines in the 3rd quarter worth approximately $50,000. Hohimer Wealth Management LLC purchased a new position in Fortuna Silver Mines in the 2nd quarter worth approximately $54,000. Finally, Coppell Advisory Solutions Corp. purchased a new position in Fortuna Silver Mines in the 1st quarter worth approximately $56,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

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.