What is Scotiabank’s Forecast for FSM FY2024 Earnings?

Posted by ABMN Staff on Jan 12th, 2025

Fortuna Silver Mines Inc. (NYSE:FSM – Free Report) (TSE:FVI) – Investment analysts at Scotiabank increased their FY2024 earnings per share (EPS) estimates for Fortuna Silver Mines in a research note issued on Wednesday, January 8th. Scotiabank analyst E. Winmill now expects that the basic materials company will post earnings of $0.52 per share for the year, up from their previous forecast of $0.42. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.47 per share.

Fortuna Silver Mines Price Performance

Shares of NYSE FSM opened at $4.40 on Friday. 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 twelve month low of $2.63 and a twelve month high of $6.36. The stock has a 50 day moving average of $4.65 and a two-hundred day moving average of $4.74. The stock has a market cap of $1.35 billion, a P/E ratio of 55.01 and a beta of 1.55.

Institutional Investors Weigh In On Fortuna Silver Mines

Large investors have recently modified their holdings of the stock. Financial Management Professionals Inc. acquired a new position in Fortuna Silver Mines during the third quarter worth $29,000. Private Advisor Group LLC acquired a new position in Fortuna Silver Mines during the third quarter worth $50,000. Choreo LLC acquired a new position in Fortuna Silver Mines during the second quarter worth $59,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Fortuna Silver Mines during the second quarter worth $92,000. Finally, AE Wealth Management LLC acquired a new position in Fortuna Silver Mines during the second quarter worth $118,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

About Fortuna Silver Mines

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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.