National Bank Financial Predicts FSM FY2024 Earnings

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

Fortuna Silver Mines Stock Up 0.4 %

FSM stock opened at $4.84 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 60.63 and a beta of 1.58. Fortuna Silver Mines has a fifty-two week low of $2.63 and a fifty-two week high of $6.36. The stock has a fifty day moving average of $4.85 and a 200-day moving average of $4.94.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC boosted its stake in Fortuna Silver Mines by 273.0% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 1,263,905 shares of the basic materials company’s stock worth $6,180,000 after purchasing an additional 925,084 shares during the period. Van ECK Associates Corp boosted its stake in Fortuna Silver Mines by 2.6% in the 3rd quarter. Van ECK Associates Corp now owns 30,563,833 shares of the basic materials company’s stock worth $141,511,000 after purchasing an additional 788,703 shares during the period. K2 Principal Fund L.P. bought a new position in Fortuna Silver Mines in the 2nd quarter worth about $550,000. D. E. Shaw & Co. Inc. boosted its stake in Fortuna Silver Mines by 165.9% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 5,557,376 shares of the basic materials company’s stock worth $27,176,000 after purchasing an additional 3,467,562 shares during the period. Finally, Sicart Associates LLC bought a new position in Fortuna Silver Mines in the 3rd quarter worth about $3,171,000. Institutional investors 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.