FSM FY2024 EPS Forecast Decreased by National Bank Financial

Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI - Research analysts at National Bank Financial cut their FY2024 earnings per share estimates for Fortuna Silver Mines in a research note issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will earn $0.44 per share for the year, down from their prior estimate of $0.52. 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 $0.49 EPS.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last released its quarterly earnings data on Wednesday, August 7th. The basic materials company reported $0.13 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.03). The firm had revenue of $259.97 million for the quarter. Fortuna Silver Mines had a net margin of 0.20% and a return on equity of 8.75%.

Separately, Scotiabank increased their target price on Fortuna Silver Mines from $6.00 to $6.50 and gave the company a "sector perform" rating in a research note on Monday, August 19th.

Fortuna Silver Mines Stock Down 1.7 %

Shares of FSM traded down $0.09 on Thursday, hitting $5.20. 8,006,992 shares of the stock traded hands, compared to its average volume of 6,305,364. Fortuna Silver Mines has a one year low of $2.63 and a one year high of $6.36. The company has a market capitalization of $1.59 billion, a PE ratio of -48.09 and a beta of 1.60. The business has a 50 day simple moving average of $4.73 and a 200 day simple moving average of $4.91. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.00 and a current ratio of 1.51.

Institutional Trading of Fortuna Silver Mines

A number of institutional investors have recently made changes to their positions in FSM. Financial Management Professionals Inc. purchased a new position in shares of Fortuna Silver Mines during the third quarter valued at approximately $29,000. Private Advisor Group LLC purchased a new stake in Fortuna Silver Mines during the 3rd quarter valued at $50,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Fortuna Silver Mines during the 2nd quarter valued at $92,000. The Manufacturers Life Insurance Company lifted its holdings in shares of Fortuna Silver Mines by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 253,984 shares of the basic materials company's stock valued at $1,240,000 after buying an additional 3,392 shares during the period. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of 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 buying an additional 3,467,562 shares during the last quarter. Hedge funds and other 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.