FY2024 Earnings Forecast for Fortuna Silver Mines Inc. (TSE:FVI) Issued By National Bank Financial

Fortuna Silver Mines Inc. (TSE:FVIFree Report) (NYSE:FSM) – Analysts at National Bank Financial decreased their FY2024 earnings estimates for Fortuna Silver Mines in a research note issued on Monday, February 5th. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings per share of ($0.49) for the year, down from their prior forecast of ($0.47). The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.61 per share.

Several other equities analysts have also recently commented on the stock. National Bankshares dropped their target price on shares of Fortuna Silver Mines from C$6.00 to C$5.50 in a research report on Monday, January 22nd. BMO Capital Markets upped their price objective on shares of Fortuna Silver Mines from C$5.50 to C$7.00 in a research report on Wednesday, December 13th. Finally, Pi Financial lowered their price objective on shares of Fortuna Silver Mines from C$5.00 to C$4.00 and set a “neutral” rating for the company in a research report on Thursday, October 26th.

Check Out Our Latest Stock Report on Fortuna Silver Mines

Fortuna Silver Mines Price Performance

Shares of TSE:FVI opened at C$4.01 on Thursday. The firm has a 50 day moving average of C$4.81 and a 200-day moving average of C$4.39. The stock has a market capitalization of C$1.23 billion, a PE ratio of -7.86 and a beta of 1.49. The company has a current ratio of 2.12, a quick ratio of 1.15 and a debt-to-equity ratio of 21.70. Fortuna Silver Mines has a 12 month low of C$3.56 and a 12 month high of C$5.61.

Fortuna Silver Mines (TSE:FVIGet Free Report) (NYSE:FSM) last posted its earnings results on Wednesday, November 8th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.04 by C$0.09. Fortuna Silver Mines had a negative net margin of 15.00% and a negative return on equity of 8.10%. The company had revenue of C$326.09 million during the quarter.

Insiders Place Their Bets

In other Fortuna Silver Mines news, Senior Officer Luis Dario Ganoza Durant sold 88,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of C$3.95, for a total transaction of C$347,600.00. In other Fortuna Silver Mines news, Senior Officer Luis Dario Ganoza Durant sold 88,000 shares of the business’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of C$3.95, for a total transaction of C$347,600.00. Also, Senior Officer Eric Chapman sold 12,100 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of C$5.32, for a total transaction of C$64,372.00. Insiders have sold 350,100 shares of company stock valued at $1,415,397 in the last ninety days. 0.78% of the stock is currently owned by insiders.

Fortuna Silver Mines Company Profile

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Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine located in southern Mexico; the Lindero gold project located in Northern Argentina; Yaramoko gold mine located in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.

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