Scotiabank Has Bullish Estimate for FSM FY2025 Earnings

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

Several other equities research analysts also recently issued reports on FSM. CIBC downgraded shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research note on Tuesday, February 18th. Cibc World Mkts cut Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 18th.

Fortuna Silver Mines Price Performance

NYSE FSM opened at $6.08 on Friday. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 75.95 and a beta of 1.50. The company has a 50 day simple moving average of $4.86 and a 200-day simple moving average of $4.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37. Fortuna Silver Mines has a 52-week low of $3.36 and a 52-week high of $6.36.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings results on Wednesday, March 5th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09). The company 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%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FSM. Dynamic Technology Lab Private Ltd bought a new position in shares of Fortuna Silver Mines in the third quarter valued at about $1,828,000. The Manufacturers Life Insurance Company increased its position in Fortuna Silver Mines by 323.4% in the third quarter. The Manufacturers Life Insurance Company now owns 1,075,479 shares of the basic materials company’s stock worth $5,005,000 after purchasing an additional 821,495 shares during the period. Quantbot Technologies LP increased its position in Fortuna Silver Mines by 239.0% in the third quarter. Quantbot Technologies LP now owns 355,474 shares of the basic materials company’s stock worth $1,646,000 after purchasing an additional 250,618 shares during the period. De Lisle Partners LLP acquired a new stake in Fortuna Silver Mines in the third quarter worth about $1,672,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Fortuna Silver Mines during the 3rd quarter worth about $1,347,000. 33.80% of the stock is owned by institutional investors.

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.