National Bank Financial Weighs in on FSM FY2024 Earnings

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Stock analysts at National Bank Financial reduced their FY2024 EPS estimates for Fortuna Silver Mines in a research note issued on Monday, February 10th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will post earnings per share of $0.51 for the year, down from their previous forecast of $0.53. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.52 per share.

Separately, Scotiabank cut their target price on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th.

Fortuna Silver Mines Trading Down 4.6 %

Fortuna Silver Mines stock opened at $5.14 on Thursday. The stock has a market cap of $1.58 billion, a P/E ratio of 64.20 and a beta of 1.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37. Fortuna Silver Mines has a 1 year low of $2.63 and a 1 year high of $6.36. The firm’s 50 day moving average price is $4.66 and its 200-day moving average price is $4.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Optiver Holding B.V. purchased a new position in shares of Fortuna Silver Mines in the fourth quarter valued at $26,000. Financial Management Professionals Inc. purchased a new stake in shares of Fortuna Silver Mines in the third quarter valued at $29,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Fortuna Silver Mines in the 4th quarter worth about $34,000. SeaCrest Wealth Management LLC purchased a new position in shares of Fortuna Silver Mines during the 4th quarter worth about $45,000. Finally, Bank of Nova Scotia bought a new position in Fortuna Silver Mines during the 4th quarter valued at about $46,000. 33.80% of the stock is owned by hedge funds and other institutional investors.

Fortuna Silver Mines Company Profile

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.