Scotiabank Has Positive Estimate for FSM FY2025 Earnings

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

Several other equities research analysts also recently issued reports on FSM. Cibc World Mkts downgraded 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 Price Performance

Shares of NYSE FSM opened at $5.85 on Friday. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 73.07 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. Fortuna Silver Mines has a fifty-two week low of $3.36 and a fifty-two week high of $6.36. The firm’s 50-day simple moving average is $4.88 and its 200 day simple moving average is $4.77.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released 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 during the quarter, compared to the consensus estimate of $301.65 million. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%.

Institutional Investors Weigh In On Fortuna Silver Mines

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp boosted its holdings in shares of Fortuna Silver Mines by 224.6% in the fourth quarter. Mackenzie Financial Corp now owns 4,720,375 shares of the basic materials company’s stock worth $20,240,000 after acquiring an additional 3,266,096 shares during the period. Tidal Investments LLC lifted its holdings in Fortuna Silver Mines by 40.3% during the 4th quarter. Tidal Investments LLC now owns 7,542,803 shares of the basic materials company’s stock worth $32,359,000 after purchasing an additional 2,165,430 shares in the last quarter. Invesco Ltd. lifted its holdings in Fortuna Silver Mines by 1,558.0% during the 4th quarter. Invesco Ltd. now owns 1,940,748 shares of the basic materials company’s stock worth $8,326,000 after purchasing an additional 1,823,695 shares in the last quarter. D. E. Shaw & Co. Inc. boosted its stake in Fortuna Silver Mines by 17.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 8,340,195 shares of the basic materials company’s stock worth $35,779,000 after purchasing an additional 1,219,864 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its holdings in Fortuna Silver Mines by 63.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,170,700 shares of the basic materials company’s stock valued at $9,305,000 after buying an additional 845,900 shares in the last quarter. Institutional investors own 33.80% of the company’s stock.

About Fortuna Silver Mines

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.