Scotiabank Has Positive Outlook of FSM FY2025 Earnings

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Analysts at Scotiabank lifted their FY2025 earnings per share estimates for Fortuna Silver Mines in a report released on Wednesday, March 19th. Scotiabank analyst E. Winmill now anticipates that the basic materials company will post earnings per share of $0.61 for the year, up from their prior estimate of $0.60. Scotiabank currently has a “Sector Perform” rating and a $6.00 target price on the stock. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.51 per share.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its earnings results on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%. The business had revenue of $302.20 million for the quarter, compared to analyst estimates of $301.65 million.

A number of other research firms have also recently commented on FSM. Cibc World Mkts cut shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 18th. CIBC cut shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research note on Tuesday, February 18th.

Fortuna Silver Mines Price Performance

Fortuna Silver Mines stock opened at $5.85 on Friday. The firm has a market cap of $1.79 billion, a PE ratio of 73.07 and a beta of 1.50. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37. The stock’s fifty day moving average price is $4.88 and its two-hundred day moving average price is $4.77. Fortuna Silver Mines has a one year low of $3.36 and a one year high of $6.36.

Institutional Investors Weigh In On Fortuna Silver Mines

Institutional investors have recently made changes to their positions in the stock. Mackenzie Financial Corp raised its holdings in Fortuna Silver Mines by 224.6% during the 4th quarter. Mackenzie Financial Corp now owns 4,720,375 shares of the basic materials company’s stock worth $20,240,000 after purchasing an additional 3,266,096 shares during the last quarter. Tidal Investments LLC boosted its stake in shares of Fortuna Silver Mines by 40.3% in the 4th quarter. Tidal Investments LLC now owns 7,542,803 shares of the basic materials company’s stock valued at $32,359,000 after purchasing an additional 2,165,430 shares during the last quarter. Invesco Ltd. increased its position in shares of Fortuna Silver Mines by 1,558.0% during the fourth quarter. Invesco Ltd. now owns 1,940,748 shares of the basic materials company’s stock worth $8,326,000 after buying an additional 1,823,695 shares during the period. D. E. Shaw & Co. Inc. raised its stake in Fortuna Silver Mines by 17.1% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 8,340,195 shares of the basic materials company’s stock worth $35,779,000 after buying an additional 1,219,864 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its holdings in Fortuna Silver Mines by 63.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,170,700 shares of the basic materials company’s stock valued at $9,305,000 after buying an additional 845,900 shares during the period. Institutional investors own 33.80% of the company’s stock.

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.