National Bank Financial Comments on Fortuna Silver Mines Inc.’s Q1 2024 Earnings (NYSE:FSM)

Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Investment analysts at National Bank Financial issued their Q1 2024 earnings per share (EPS) estimates for shares of Fortuna Silver Mines in a research report issued to clients and investors on Thursday, April 18th. National Bank Financial analyst D. Demarco expects that the basic materials company will post earnings per share of $0.03 for the quarter. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is ($0.12) per share.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings data on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $265.31 million for the quarter. Fortuna Silver Mines had a positive return on equity of 5.03% and a negative net margin of 5.99%.

Several other research analysts also recently commented on the company. StockNews.com downgraded Fortuna Silver Mines from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Scotiabank boosted their price objective on Fortuna Silver Mines from $4.00 to $4.75 and gave the company a “sector perform” rating in a research note on Monday, April 8th. Finally, TheStreet downgraded Fortuna Silver Mines from a “c-” rating to a “d” rating in a research note on Thursday, March 7th.

Fortuna Silver Mines Trading Up 3.1 %

Shares of FSM stock opened at $4.65 on Monday. The firm has a market capitalization of $1.42 billion, a P/E ratio of -29.06 and a beta of 1.64. Fortuna Silver Mines has a twelve month low of $2.58 and a twelve month high of $4.94. The stock’s fifty day simple moving average is $3.55 and its 200 day simple moving average is $3.44. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Institutional Trading of Fortuna Silver Mines

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its stake in Fortuna Silver Mines by 27.9% in the third quarter. Bank of New York Mellon Corp now owns 13,530 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 2,955 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of Fortuna Silver Mines by 1.6% in the second quarter. The Manufacturers Life Insurance Company now owns 213,716 shares of the basic materials company’s stock worth $695,000 after buying an additional 3,435 shares in the last quarter. Advisor Group Holdings Inc. raised its position in shares of Fortuna Silver Mines by 44.1% in the fourth quarter. Advisor Group Holdings Inc. now owns 11,465 shares of the basic materials company’s stock worth $44,000 after buying an additional 3,510 shares in the last quarter. Citigroup Inc. raised its position in shares of Fortuna Silver Mines by 5.6% in the first quarter. Citigroup Inc. now owns 86,933 shares of the basic materials company’s stock worth $331,000 after buying an additional 4,601 shares in the last quarter. Finally, LPL Financial LLC raised its position in shares of Fortuna Silver Mines by 27.4% in the third quarter. LPL Financial LLC now owns 22,347 shares of the basic materials company’s stock worth $61,000 after buying an additional 4,800 shares in the last quarter. 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.