Equities Analysts Issue Forecasts for Fortuna Silver Mines Inc.’s Q1 2024 Earnings (NYSE:FSM)

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Stock analysts at National Bank Financial issued their Q1 2024 EPS estimates for Fortuna Silver Mines in a research report issued on Thursday, April 18th. National Bank Financial analyst D. Demarco expects that the basic materials company will earn $0.03 per share for the quarter. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is ($0.12) per share.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings data on Wednesday, March 6th. The basic materials company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). Fortuna Silver Mines had a positive return on equity of 5.03% and a negative net margin of 5.99%. The firm had revenue of $265.31 million for the quarter.

FSM has been the subject of a number of other research reports. StockNews.com cut Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Scotiabank increased their price target on Fortuna Silver Mines from $4.00 to $4.75 and gave the company a “sector perform” rating in a research note on Monday, April 8th. Finally, TheStreet lowered Fortuna Silver Mines from a “c-” rating to a “d” rating in a research note on Thursday, March 7th.

Fortuna Silver Mines Price Performance

NYSE FSM opened at $4.49 on Monday. The firm’s fifty day simple moving average is $3.58 and its two-hundred day simple moving average is $3.45. The firm has a market capitalization of $1.37 billion, a P/E ratio of -28.03 and a beta of 1.63. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16. Fortuna Silver Mines has a 12-month low of $2.58 and a 12-month high of $4.94.

Hedge Funds Weigh In On Fortuna Silver Mines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FSM. Cambridge Investment Research Advisors Inc. grew its stake in Fortuna Silver Mines by 26.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 36,540 shares of the basic materials company’s stock valued at $99,000 after purchasing an additional 7,700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Fortuna Silver Mines by 19.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,280 shares of the basic materials company’s stock worth $233,000 after purchasing an additional 9,837 shares during the period. Tower Research Capital LLC TRC boosted its position in Fortuna Silver Mines by 84.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 25,183 shares of the basic materials company’s stock valued at $97,000 after buying an additional 11,548 shares during the last quarter. Sicart Associates LLC increased its holdings in Fortuna Silver Mines by 1.6% in the 3rd quarter. Sicart Associates LLC now owns 766,125 shares of the basic materials company’s stock worth $2,084,000 after buying an additional 12,047 shares during the period. Finally, Rathbones Group PLC acquired a new position in Fortuna Silver Mines in the 3rd quarter worth approximately $34,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

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.