Q3 EPS Forecast for Fortuna Silver Mines Lowered by Analyst

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) – Stock analysts at National Bank Financial lowered their Q3 2024 earnings estimates for shares of Fortuna Silver Mines in a report issued on Tuesday, October 22nd. National Bank Financial analyst D. Demarco now anticipates that the company will post earnings per share of $0.15 for the quarter, down from their prior forecast of $0.22. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.79 per share.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly earnings data on Wednesday, August 7th. The company reported C$0.18 earnings per share for the quarter, missing the consensus estimate of C$0.22 by C($0.04). Fortuna Silver Mines had a return on equity of 1.00% and a net margin of 0.20%. The firm had revenue of C$355.70 million for the quarter.

Separately, Canaccord Genuity Group increased their target price on Fortuna Silver Mines from C$7.50 to C$8.00 in a report on Tuesday, July 23rd.

Fortuna Silver Mines Trading Down 1.5 %

FVI stock opened at C$7.21 on Friday. The business has a fifty day moving average price of C$6.42 and a 200 day moving average price of C$6.72. The company has a debt-to-equity ratio of 16.12, a current ratio of 1.51 and a quick ratio of 1.15. Fortuna Silver Mines has a fifty-two week low of C$3.57 and a fifty-two week high of C$8.68. The stock has a market capitalization of C$2.26 billion, a price-to-earnings ratio of -39.25 and a beta of 1.63.

Fortuna Silver Mines Company Profile

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.