Scotiabank Lifts Earnings Estimates for Fortuna Silver Mines

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Analysts at Scotiabank increased their FY2025 earnings per share (EPS) estimates for Fortuna Silver Mines in a report released on Wednesday, March 19th. Scotiabank analyst E. Winmill now forecasts that the basic materials company will earn $0.61 per share for the year, up from their prior forecast of $0.60. Scotiabank has a “Sector Perform” rating and a $6.00 price target on the stock. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.51 per share.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The business had revenue of $302.20 million for the quarter, compared to analyst estimates of $301.65 million. Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%.

Several other research firms have also weighed in on FSM. Cibc World Mkts lowered Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 18th. CIBC lowered Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a report on Tuesday, February 18th.

Fortuna Silver Mines Stock Down 3.9 %

Fortuna Silver Mines stock opened at $5.85 on Friday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 73.07 and a beta of 1.50. Fortuna Silver Mines has a fifty-two week low of $3.43 and a fifty-two week high of $6.36. The stock’s fifty day moving average is $4.88 and its two-hundred day moving average is $4.77.

Institutional Trading of Fortuna Silver Mines

A number of large investors have recently made changes to their positions in FSM. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Fortuna Silver Mines during the third quarter valued at $1,828,000. The Manufacturers Life Insurance Company boosted its stake in shares of Fortuna Silver Mines by 323.4% during the third quarter. The Manufacturers Life Insurance Company now owns 1,075,479 shares of the basic materials company’s stock valued at $5,005,000 after acquiring an additional 821,495 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of Fortuna Silver Mines by 239.0% during the third quarter. Quantbot Technologies LP now owns 355,474 shares of the basic materials company’s stock valued at $1,646,000 after acquiring an additional 250,618 shares during the last quarter. De Lisle Partners LLP acquired a new stake in shares of Fortuna Silver Mines during the third quarter valued at $1,672,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Fortuna Silver Mines during the third quarter valued at $1,347,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

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.