Scotiabank Predicts Higher Earnings for Fortuna Silver Mines

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

Other equities research analysts have also recently issued research reports about the company. Cibc World Mkts cut Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 18th. CIBC cut 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

FSM stock opened at $5.85 on Friday. The business has a 50 day moving average price of $4.88 and a 200 day moving average price of $4.77. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 73.07 and a beta of 1.50. Fortuna Silver Mines has a fifty-two week low of $3.43 and a fifty-two week high of $6.36. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12.

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

Institutional Investors Weigh In On Fortuna Silver Mines

Several large investors have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its stake in shares of Fortuna Silver Mines by 10.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 20,456 shares of the basic materials company’s stock worth $88,000 after purchasing an additional 2,000 shares during the last quarter. TD Waterhouse Canada Inc. raised its stake in shares of Fortuna Silver Mines by 24.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 12,440 shares of the basic materials company’s stock worth $53,000 after purchasing an additional 2,440 shares during the last quarter. Toronto Dominion Bank raised its stake in shares of Fortuna Silver Mines by 19.6% during the third quarter. Toronto Dominion Bank now owns 31,983 shares of the basic materials company’s stock worth $148,000 after purchasing an additional 5,240 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Fortuna Silver Mines by 4.3% during the third quarter. Geode Capital Management LLC now owns 141,305 shares of the basic materials company’s stock worth $660,000 after purchasing an additional 5,858 shares during the last quarter. Finally, Optiver Holding B.V. purchased a new stake in shares of Fortuna Silver Mines during the fourth quarter worth approximately $26,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.

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.