Scotiabank Predicts Higher Earnings for Fortuna Silver Mines

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) – Scotiabank lifted their FY2024 earnings per share (EPS) estimates for shares of Fortuna Silver Mines in a report released on Wednesday, January 8th. Scotiabank analyst E. Winmill now anticipates that the company will post earnings of $0.75 per share for the year, up from their prior forecast of $0.57. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.79 per share. Scotiabank also issued estimates for Fortuna Silver Mines’ FY2025 earnings at $0.86 EPS and FY2026 earnings at $0.66 EPS.

Fortuna Silver Mines Stock Performance

FVI stock opened at C$6.55 on Monday. Fortuna Silver Mines has a twelve month low of C$3.57 and a twelve month high of C$8.68. The firm has a market cap of C$2.05 billion, a price-to-earnings ratio of -39.25 and a beta of 1.63. The business’s fifty day simple moving average is C$6.56 and its two-hundred day simple moving average is C$6.56. The company has a quick ratio of 1.15, a current ratio of 1.51 and a debt-to-equity ratio of 16.12.

About Fortuna Silver Mines

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d’Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d’Ivoire.