FY2024 EPS Estimate for Fortuna Silver Mines Cut by Analyst

Fortuna Silver Mines Inc. (TSE:FVI - Free Report) NYSE: FSM - Investment analysts at National Bank Financial cut their FY2024 earnings per share (EPS) estimates for Fortuna Silver Mines in a research note issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings per share of $0.61 for the year, down from their prior forecast of $0.71. The consensus estimate for Fortuna Silver Mines' current full-year earnings is $0.79 per share. National Bank Financial also issued estimates for Fortuna Silver Mines' FY2025 earnings at $0.68 EPS.

Separately, Canaccord Genuity Group increased their target price on Fortuna Silver Mines from C$7.50 to C$8.00 in a research note on Tuesday, July 23rd.

Fortuna Silver Mines Trading Down 1.5 %

FVI traded down C$0.11 during trading on Thursday, reaching C$7.21. The company had a trading volume of 804,849 shares, compared to its average volume of 788,070. The company has a quick ratio of 1.15, a current ratio of 1.51 and a debt-to-equity ratio of 16.12. The business has a 50 day simple moving average of C$6.40 and a 200-day simple moving average of C$6.72. Fortuna Silver Mines has a 52 week low of C$3.57 and a 52 week high of C$8.68. The stock has a market cap of C$2.26 billion, a P/E ratio of -39.25 and a beta of 1.63.

Fortuna Silver Mines (TSE:FVI - Get Free Report) NYSE: FSM last issued its quarterly earnings results on Wednesday, August 7th. The company reported C$0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of C$0.22 by C($0.04). The company had revenue of C$355.70 million during the quarter. Fortuna Silver Mines had a return on equity of 1.00% and a net margin of 0.20%.

About Fortuna Silver Mines

Fortuna Silver Mines Inc 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.