TSE:FVI Q3 EPS Forecast Reduced by National Bank Financial

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) – National Bank Financial cut their Q3 2024 earnings per share (EPS) estimates for Fortuna Silver Mines in a report issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now forecasts that the company will post earnings of $0.15 per share for the quarter, down from their prior estimate of $0.22. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.79 per share.

Separately, Canaccord Genuity Group increased their price target on shares of Fortuna Silver Mines from C$7.50 to C$8.00 in a report on Tuesday, July 23rd.

Fortuna Silver Mines Stock Performance

The company has a fifty day simple moving average of C$6.42 and a 200 day simple moving average of C$6.72. The company has a market capitalization of C$2.21 billion, a PE ratio of -39.25 and a beta of 1.63. The company has a quick ratio of 1.15, a current ratio of 1.51 and a debt-to-equity ratio of 16.12. Fortuna Silver Mines has a 12-month low of C$3.57 and a 12-month high of C$8.68.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its earnings results on Wednesday, August 7th. The company reported C$0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.22 by C($0.04). The business had revenue of C$355.70 million during the quarter. Fortuna Silver Mines had a net margin of 0.20% and a return on equity of 1.00%.

Fortuna Silver Mines Company Profile

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.