National Bank Financial Predicts FSM FY2025 Earnings

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – National Bank Financial reduced their FY2025 earnings per share (EPS) estimates for shares of Fortuna Silver Mines in a research note issued on Wednesday, March 12th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will earn $0.65 per share for the year, down from their prior estimate of $0.68. 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 for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The business had revenue of $302.20 million during 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%.

Other equities analysts have also recently issued reports about the company. Cibc World Mkts cut Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 18th. CIBC lowered shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research report on Tuesday, February 18th. Finally, Scotiabank reduced their target price on Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating for the company in a research report on Wednesday, January 15th.

Fortuna Silver Mines Price Performance

Shares of NYSE:FSM opened at $5.66 on Monday. 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 company has a market capitalization of $1.73 billion, a P/E ratio of 70.70 and a beta of 1.50. Fortuna Silver Mines has a fifty-two week low of $3.23 and a fifty-two week high of $6.36. The company’s 50-day moving average is $4.74 and its 200 day moving average is $4.73.

Hedge Funds Weigh In On Fortuna Silver Mines

Large investors have recently added to or reduced their stakes in the business. 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 valued at $20,240,000 after buying an additional 3,266,096 shares during the last quarter. Tidal Investments LLC lifted its position 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 worth $32,359,000 after purchasing an additional 2,165,430 shares during the period. 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 valued at $8,326,000 after buying an additional 1,823,695 shares during the period. D. E. Shaw & Co. Inc. boosted its position in Fortuna Silver Mines by 17.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 8,340,195 shares of the basic materials company’s stock valued at $35,779,000 after acquiring an additional 1,219,864 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Fortuna Silver Mines by 63.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,170,700 shares of the basic materials company’s stock worth $9,305,000 after acquiring an additional 845,900 shares in the last quarter. Hedge funds and other 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.