Scotiabank Has Bullish Forecast for TSE:FVI FY2024 Earnings

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) – Equities research analysts at Scotiabank upped their FY2024 earnings per share estimates for Fortuna Silver Mines in a research note issued on Wednesday, January 8th. Scotiabank analyst E. Winmill now anticipates that the company will post earnings per share of $0.75 for the year, up from their previous forecast of $0.57. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.79 per share. Scotiabank also issued estimates for Fortuna Silver Mines’ FY2025 earnings at $0.86 EPS and FY2026 earnings at $0.66 EPS.

Fortuna Silver Mines Stock Performance

Shares of TSE FVI opened at C$6.34 on Monday. The business’s 50-day simple moving average is C$6.58 and its 200-day simple moving average is C$6.57. The company has a debt-to-equity ratio of 16.12, a quick ratio of 1.15 and a current ratio of 1.51. Fortuna Silver Mines has a 52 week low of C$3.57 and a 52 week high of C$8.68. The firm has a market cap of C$1.99 billion, a price-to-earnings ratio of -39.25 and a beta of 1.63.

About Fortuna Silver Mines

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d’Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d’Ivoire.