FY2024 EPS Estimates for FSM Cut by National Bank Financial

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Research analysts at National Bank Financial dropped their FY2024 earnings estimates for Fortuna Silver Mines in a report issued on Monday, February 10th. National Bank Financial analyst D. Demarco now expects that the basic materials company will post earnings per share of $0.51 for the year, down from their prior forecast of $0.53. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.52 per share.

Separately, Scotiabank cut their price objective on Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th.

Fortuna Silver Mines Price Performance

Fortuna Silver Mines stock opened at $5.36 on Thursday. The business has a 50 day simple moving average of $4.64 and a 200 day simple moving average of $4.69. Fortuna Silver Mines has a one year low of $2.63 and a one year high of $6.36. The company has a market capitalization of $1.65 billion, a PE ratio of 67.01 and a beta of 1.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of FSM. Financial Management Professionals Inc. bought a new stake in Fortuna Silver Mines during the 3rd quarter worth approximately $29,000. Generali Investments CEE investicni spolecnost a.s. bought a new stake in shares of Fortuna Silver Mines during the fourth quarter worth $34,000. SeaCrest Wealth Management LLC acquired a new stake in shares of Fortuna Silver Mines in the fourth quarter valued at $45,000. Private Advisor Group LLC bought a new position in shares of Fortuna Silver Mines in the third quarter valued at about $50,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Fortuna Silver Mines during the 4th quarter worth about $67,000. 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.