Fortuna Silver Mines Inc. (NYSE:FSM) to Post Q2 2023 Earnings of $0.03 Per Share, National Bank Financial Forecasts

Fortuna Silver Mines Inc. (NYSE:FSM – Get Rating) (TSE:FVI) – Equities researchers at National Bank Financial issued their Q2 2023 EPS estimates for shares of Fortuna Silver Mines in a note issued to investors on Thursday, May 18th. National Bank Financial analyst D. Demarco forecasts that the basic materials company will post earnings of $0.03 per share for the quarter. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.38 per share. National Bank Financial also issued estimates for Fortuna Silver Mines’ Q3 2023 earnings at $0.16 EPS, Q4 2023 earnings at $0.14 EPS, FY2023 earnings at $0.38 EPS and FY2024 earnings at $0.42 EPS.

Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) last announced its earnings results on Wednesday, March 15th. The basic materials company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $164.70 million during the quarter, compared to the consensus estimate of $152.00 million. Fortuna Silver Mines had a negative net margin of 22.37% and a positive return on equity of 1.81%. During the same quarter in the prior year, the company posted $0.10 earnings per share.

A number of other brokerages have also recently commented on FSM. CIBC boosted their target price on shares of Fortuna Silver Mines from C$5.85 to C$6.00 in a report on Tuesday, February 7th. BMO Capital Markets lowered their target price on Fortuna Silver Mines from C$6.50 to C$6.25 in a research report on Tuesday, January 31st. StockNews.com lowered Fortuna Silver Mines from a “hold” rating to a “sell” rating in a report on Tuesday, May 16th. Finally, TheStreet lowered Fortuna Silver Mines from a “c” rating to a “d” rating in a research note on Wednesday, March 22nd.

Fortuna Silver Mines Trading Up 0.9 %

FSM stock opened at $3.42 on Monday. The company has a market capitalization of $994.81 million, a PE ratio of -7.13 and a beta of 1.32. Fortuna Silver Mines has a one year low of $2.05 and a one year high of $4.20. The company’s 50 day moving average price is $3.71 and its two-hundred day moving average price is $3.63. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.19 and a current ratio of 1.90.

Institutional Investors Weigh In On Fortuna Silver Mines

Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp increased its holdings in shares of Fortuna Silver Mines by 9.9% in the 1st quarter. Van ECK Associates Corp now owns 33,098,915 shares of the basic materials company’s stock valued at $126,436,000 after acquiring an additional 2,974,014 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Fortuna Silver Mines by 31.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,057,550 shares of the basic materials company’s stock worth $15,500,000 after acquiring an additional 967,000 shares during the period. Euro Pacific Asset Management LLC lifted its position in Fortuna Silver Mines by 16.5% during the 3rd quarter. Euro Pacific Asset Management LLC now owns 4,037,517 shares of the basic materials company’s stock worth $10,159,000 after acquiring an additional 573,191 shares during the period. Renaissance Technologies LLC raised its stake in shares of Fortuna Silver Mines by 94.1% during the 3rd quarter. Renaissance Technologies LLC now owns 3,600,571 shares of the basic materials company’s stock worth $9,073,000 after buying an additional 1,745,671 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Fortuna Silver Mines by 0.5% during the 1st quarter. American Century Companies Inc. now owns 3,353,411 shares of the basic materials company’s stock worth $12,816,000 after buying an additional 17,621 shares in the last quarter. Hedge funds and other institutional investors own 26.79% of the company’s stock.

Fortuna Silver Mines Company Profile

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Fortuna Silver Mines, Inc engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de C.V. (Cuzcatian), Mansfield Minera SA (Mansfield), and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine.