Financial Review: Black Hawk Exploration (OTCMKTS:BHWX) versus Fortuna Silver Mines (NYSE:FSM)

Black Hawk Exploration (OTCMKTS:BHWX) and Fortuna Silver Mines (NYSE:FSM) are both mining companies, but which is the superior business? We will compare the two businesses based on the strength of their valuation, earnings, dividends, risk, profitability, analyst recommendations and institutional ownership.

Analyst Ratings

This is a breakdown of current ratings and price targets for Black Hawk Exploration and Fortuna Silver Mines, as reported by MarketBeat.com.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Black Hawk Exploration	0	0	0	0	0.00
Fortuna Silver Mines	0	1	0	0	2.00

Fortuna Silver Mines has a consensus target price of $6.50, indicating a potential upside of 38.89%. Given Fortuna Silver Mines’ stronger consensus rating and higher probable upside, analysts plainly believe Fortuna Silver Mines is more favorable than Black Hawk Exploration.

Profitability

This table compares Black Hawk Exploration and Fortuna Silver Mines’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Black Hawk Exploration	N/A	N/A	N/A
Fortuna Silver Mines	2.45%	10.08%	6.87%

Institutional and Insider Ownership

33.8% of Fortuna Silver Mines shares are held by institutional investors. 1.0% of Fortuna Silver Mines shares are held by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Earnings and Valuation

This table compares Black Hawk Exploration and Fortuna Silver Mines”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Black Hawk Exploration	N/A	N/A	N/A	N/A	N/A
Fortuna Silver Mines	$842.43 million	1.74	-$50.84 million	$0.08	58.51

Black Hawk Exploration has higher earnings, but lower revenue than Fortuna Silver Mines.

Summary

Fortuna Silver Mines beats Black Hawk Exploration on 8 of the 8 factors compared between the two stocks.

About Black Hawk Exploration

Black Hawk Exploration (Black Hawk) is an exploration-stage company. The Company is engaged in the acquisition of and exploration of mining properties. It is a diversified energy and metals exploration company focused on identifying and exploring properties and developing new prospective projects globally. On December 8, 2009 the Company formed a wholly owned Nevada subsidiary, Golden Black Hawk, Inc.

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. The company was formerly known as Fortuna Silver Mines Inc. and changed its name to Fortuna Mining Corp. in June 2024. Fortuna Mining Corp. was incorporated in 1990 and is based in Vancouver, Canada.