Scotiabank Lifts Earnings Estimates for Fortuna Silver Mines

Fortuna Silver Mines Inc. (NYSE:FSM - Free Report) TSE: FVI - Scotiabank upped their FY2025 earnings estimates for Fortuna Silver Mines in a note issued to investors on Wednesday, March 19th. Scotiabank analyst E. Winmill now forecasts that the basic materials company will earn $0.61 per share for the year, up from their prior estimate of $0.60. Scotiabank currently has a "Sector Perform" rating and a $6.00 target price on the stock. The consensus estimate for Fortuna Silver Mines' current full-year earnings is $0.51 per share.

A number of other research firms also recently issued reports on FSM. Cibc World Mkts downgraded Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research report on Tuesday, February 18th. National Bank Financial raised shares of Fortuna Silver Mines to a "hold" rating in a research note on Friday. Finally, CIBC downgraded shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $6.00.

Fortuna Silver Mines Trading Up 2.9 %

NYSE:FSM traded up $0.17 during midday trading on Friday, hitting $6.11. The stock had a trading volume of 12,148,270 shares, compared to its average volume of 8,721,347. The stock has a 50-day moving average of $4.95 and a 200 day moving average of $4.80. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of 76.38 and a beta of 1.50. Fortuna Silver Mines has a one year low of $3.46 and a one year high of $6.36. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12.

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Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last issued its earnings results on Wednesday, March 5th. The basic materials company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.09). Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. The company had revenue of $302.20 million during the quarter, compared to the consensus estimate of $301.65 million.

Institutional Trading of Fortuna Silver Mines

Institutional investors have recently made changes to their positions in the business. Mackenzie Financial Corp raised its stake in Fortuna Silver Mines by 224.6% in the fourth quarter. Mackenzie Financial Corp now owns 4,720,375 shares of the basic materials company's stock valued at $20,240,000 after buying an additional 3,266,096 shares during the last quarter. Tidal Investments LLC grew its position in Fortuna Silver Mines by 40.3% during the 4th quarter. Tidal Investments LLC now owns 7,542,803 shares of the basic materials company's stock worth $32,359,000 after purchasing an additional 2,165,430 shares during the last quarter. Invesco Ltd. increased its stake in Fortuna Silver Mines by 1,558.0% during the 4th quarter. Invesco Ltd. now owns 1,940,748 shares of the basic materials company's stock valued at $8,326,000 after purchasing an additional 1,823,695 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Fortuna Silver Mines by 17.1% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 8,340,195 shares of the basic materials company's stock worth $35,779,000 after buying an additional 1,219,864 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Fortuna Silver Mines by 63.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,170,700 shares of the basic materials company's stock worth $9,305,000 after buying an additional 845,900 shares during the period. Institutional investors and hedge funds 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.