National Bank Financial Comments on FSM FY2024 Earnings

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Research analysts at National Bank Financial dropped their FY2024 earnings per share estimates for shares of Fortuna Silver Mines in a research report 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 prior estimate of $0.53. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.52 per share.

Separately, Scotiabank decreased their price objective on Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating on the stock in a report on Wednesday, January 15th.

Fortuna Silver Mines Trading Up 0.5 %

Shares of FSM stock opened at $5.39 on Thursday. The stock’s fifty day moving average is $4.65 and its two-hundred day moving average is $4.70. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The firm has a market capitalization of $1.65 billion, a P/E ratio of 67.32 and a beta of 1.56. Fortuna Silver Mines has a fifty-two week low of $2.63 and a fifty-two week high of $6.36.

Institutional Trading of Fortuna Silver Mines

Hedge funds and other institutional investors have recently modified their holdings of the business. Financial Management Professionals Inc. acquired a new stake in shares of Fortuna Silver Mines during the 3rd quarter worth about $29,000. Generali Investments CEE investicni spolecnost a.s. acquired a new position in shares of Fortuna Silver Mines during the fourth quarter worth about $34,000. SeaCrest Wealth Management LLC acquired a new position in shares of Fortuna Silver Mines during the fourth quarter worth about $45,000. Bank of Nova Scotia acquired a new position in shares of Fortuna Silver Mines during the fourth quarter worth about $46,000. Finally, Private Advisor Group LLC acquired a new position in shares of Fortuna Silver Mines during the third quarter worth about $50,000. 33.80% of the stock is owned by institutional investors and hedge funds.

About Fortuna Silver Mines

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.