National Bank Financial Analysts Raise Earnings Estimates for Fortuna Silver Mines Inc. (NYSE:FSM)

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Research analysts at National Bank Financial upped their FY2025 earnings per share estimates for Fortuna Silver Mines in a report released on Tuesday, July 16th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will earn $0.54 per share for the year, up from their previous forecast of $0.43. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.37 per share.

Several other research firms have also recently commented on FSM. Scotiabank raised their target price on Fortuna Silver Mines from $4.75 to $6.00 and gave the company a “sector perform” rating in a research report on Thursday, May 23rd. StockNews.com upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th.

Fortuna Silver Mines Stock Down 4.1 %

Shares of Fortuna Silver Mines stock opened at $5.21 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.76 and a debt-to-equity ratio of 0.12. The business’s 50 day simple moving average is $5.32 and its 200-day simple moving average is $4.23. Fortuna Silver Mines has a twelve month low of $2.58 and a twelve month high of $6.36.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The business had revenue of $224.95 million for the quarter. Fortuna Silver Mines had a positive return on equity of 6.04% and a negative net margin of 3.94%.

Hedge Funds Weigh In On Fortuna Silver Mines

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Perritt Capital Management Inc. boosted its stake in Fortuna Silver Mines by 40.0% during the 1st quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 3,000 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in shares of Fortuna Silver Mines during the 1st quarter worth $56,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Fortuna Silver Mines during the 4th quarter worth $77,000. Daiwa Securities Group Inc. bought a new stake in shares of Fortuna Silver Mines during the 1st quarter worth $77,000. Finally, Sumitomo Mitsui Trust Holdings Inc. bought a new stake in shares of Fortuna Silver Mines during the 1st quarter worth $78,000. 33.80% of the stock is owned by institutional investors.

About Fortuna Silver Mines

Fortuna Silver Mines Inc 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.