FY2024 EPS Estimate for Fortuna Silver Mines Cut by Analyst

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) – Stock analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for shares of Fortuna Silver Mines in a report released on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now expects that the company will post earnings per share of $0.61 for the year, down from their prior forecast of $0.71. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.79 per share. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2025 earnings at $0.68 EPS.

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

Fortuna Silver Mines Stock Performance

Fortuna Silver Mines has a fifty-two week low of C$3.57 and a fifty-two week high of C$8.68. The business has a 50-day moving average of C$6.42 and a two-hundred day moving average of C$6.72. The company has a current ratio of 1.51, a quick ratio of 1.15 and a debt-to-equity ratio of 16.12. The stock has a market capitalization of C$2.21 billion, a PE ratio of -39.25 and a beta of 1.63.

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

About Fortuna Silver Mines

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.