#4 - Fortuna Mining (NYSE:FSM)
Fortuna Mining Corp. (NYSE: FSM) may not be a pure silver play, but it remains an attractive option for investors looking to benefit from rising silver prices. With a market cap of around $1.6 billion, this small-cap miner is demonstrating strong revenue and earnings growth, positioning itself well for potential upside.
The company’s Caylloma Mine in Peru and San Jose Mine in Mexico contribute significantly to its silver production. While silver accounts for only about 9% of Fortuna’s overall mining operations, the company is actively expanding several of its existing mining projects, which could increase silver output in the future.
Like Endeavour Silver, FSM stock is trading around $5 per share, making it a highly accessible option. While this may introduce volatility, it also presents potential upside if silver prices rise. However, investors should note that Fortuna does not pay a dividend at this time.
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.
More about Fortuna Silver Mines- Current Price
- $4.91
- Consensus Rating
- Sell
- Ratings Breakdown
- 0 Buy Ratings, 1 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $6.00 (22.3% Upside)
