FSM FY2024 EPS Forecast Raised by National Bank Financial

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Research analysts at National Bank Financial upped their FY2024 earnings per share (EPS) estimates for shares of Fortuna Silver Mines in a report issued on Wednesday, November 20th. National Bank Financial analyst D. Demarco now expects that the basic materials company will post earnings of $0.53 per share for the year, up from their previous 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 increased their price objective on shares of Fortuna Silver Mines from $6.00 to $6.50 and gave the company a “sector perform” rating in a research note on Monday, August 19th.

Fortuna Silver Mines Stock Down 3.0 %

Shares of FSM stock opened at $4.82 on Monday. The stock has a 50 day moving average of $4.85 and a 200-day moving average of $4.94. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. The firm has a market cap of $1.51 billion, a PE ratio of 60.25 and a beta of 1.58. Fortuna Silver Mines has a 12 month low of $2.63 and a 12 month high of $6.36.

Hedge Funds Weigh In On Fortuna Silver Mines

Several hedge funds have recently added to or reduced their stakes in FSM. Synovus Financial Corp acquired a new stake in shares of Fortuna Silver Mines during the third quarter worth about $146,000. Tidal Investments LLC grew its stake in Fortuna Silver Mines by 1.8% in the third quarter. Tidal Investments LLC now owns 5,377,373 shares of the basic materials company’s stock valued at $24,897,000 after purchasing an additional 92,764 shares in the last quarter. Toronto Dominion Bank grew its position in shares of Fortuna Silver Mines by 19.6% in the 3rd quarter. Toronto Dominion Bank now owns 31,983 shares of the basic materials company’s stock valued at $148,000 after acquiring an additional 5,240 shares during the period. Geode Capital Management LLC increased its position in Fortuna Silver Mines by 4.3% during the third quarter. Geode Capital Management LLC now owns 141,305 shares of the basic materials company’s stock worth $660,000 after buying an additional 5,858 shares during the last quarter. Finally, Barclays PLC acquired a new stake in Fortuna Silver Mines during the third quarter worth approximately $2,227,000. 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.