FSM Q3 EPS Forecast Decreased by National Bank Financial

Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI - National Bank Financial lowered their Q3 2024 EPS estimates for Fortuna Silver Mines in a note issued to investors on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings per share of $0.11 for the quarter, down from their prior forecast of $0.16. The consensus estimate for Fortuna Silver Mines' current full-year earnings is $0.47 per share.

Separately, Scotiabank upped their price objective 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 2.4 %

Shares of FSM stock traded down $0.12 during trading hours on Friday, hitting $5.08. 8,260,303 shares of the company were exchanged, compared to its average volume of 6,314,810. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of -47.27 and a beta of 1.60. Fortuna Silver Mines has a one year low of $2.63 and a one year high of $6.36. The business's 50-day simple moving average is $4.74 and its two-hundred day simple moving average is $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.

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

Institutional Trading of Fortuna Silver Mines

Institutional investors and hedge funds have recently modified their holdings of the business. Perritt Capital Management Inc. boosted its holdings in shares of Fortuna Silver Mines by 40.0% in the 1st quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company's stock valued at $39,000 after buying an additional 3,000 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Fortuna Silver Mines by 1.4% in the second quarter. The Manufacturers Life Insurance Company now owns 253,984 shares of the basic materials company's stock valued at $1,240,000 after acquiring an additional 3,392 shares during the period. Financial Management Professionals Inc. bought a new position in shares of Fortuna Silver Mines during the third quarter valued at approximately $29,000. Banque Cantonale Vaudoise acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth approximately $36,000. Finally, TD Asset Management Inc lifted its holdings in shares of Fortuna Silver Mines by 0.9% in the 2nd quarter. TD Asset Management Inc now owns 829,101 shares of the basic materials company's stock worth $4,054,000 after purchasing an additional 7,542 shares during the last quarter. 33.80% of the stock is owned by institutional investors and hedge funds.

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.