FSM FY2024 EPS Estimate Increased by National Bank Financial

Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI - Analysts at National Bank Financial increased their FY2024 earnings per share estimates for shares of Fortuna Silver Mines in a note issued to investors on Wednesday, November 20th. National Bank Financial analyst D. Demarco now forecasts that the basic materials company will post earnings of $0.53 per share for the year, up from their prior 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 upped their target price 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 Price Performance

Shares of FSM stock traded down $0.15 on Monday, reaching $4.82. The company's stock had a trading volume of 7,737,920 shares, compared to its average volume of 6,412,454. The company has a market capitalization of $1.51 billion, a P/E 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. The stock's 50 day simple moving average is $4.85 and its 200-day simple moving average is $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.

Institutional Trading of Fortuna Silver Mines

Hedge funds have recently made changes to their positions in the stock. Financial Management Professionals Inc. purchased a new stake in Fortuna Silver Mines in the third quarter worth approximately $29,000. Banque Cantonale Vaudoise bought a new position in shares of Fortuna Silver Mines during the 2nd quarter valued at $36,000. Private Advisor Group LLC purchased a new position in Fortuna Silver Mines in the 3rd quarter worth $50,000. Hohimer Wealth Management LLC bought a new stake in Fortuna Silver Mines in the second quarter worth $54,000. Finally, Coppell Advisory Solutions Corp. purchased a new stake in Fortuna Silver Mines during the first quarter valued at about $56,000. 33.80% of the stock is owned by institutional investors.

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.