Scotiabank Cuts Earnings Estimates for Fortuna Silver Mines

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) – Scotiabank reduced their FY2026 EPS estimates for shares of Fortuna Silver Mines in a research note issued on Wednesday, July 15th. Scotiabank analyst E. Winmill now expects that the company will earn $1.91 per share for the year, down from their prior estimate of $1.96. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.79 per share.

Fortuna Silver Mines Stock Down 1.0%

TSE FVI opened at C$11.44 on Friday. The company has a debt-to-equity ratio of 11.81, a current ratio of 3.17 and a quick ratio of 1.15. The company’s 50 day simple moving average is C$12.72 and its 200 day simple moving average is C$13.94. Fortuna Silver Mines has a 12 month low of C$8.49 and a 12 month high of C$18.99. The company has a market capitalization of C$3.47 billion, a P/E ratio of 10.79 and a beta of 2.67.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its quarterly earnings data on Wednesday, May 6th. The company reported C$0.50 earnings per share for the quarter. The company had revenue of C$476.14 million during the quarter. Fortuna Silver Mines had a net margin of 31.11% and a return on equity of 20.79%.

Insiders Place Their Bets

In other Fortuna Silver Mines news, Director Jorge A. Ganoza Durant bought 10,000 shares of Fortuna Silver Mines stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$13.29 per share, for a total transaction of C$132,900.00. Following the completion of the acquisition, the director owned 1,526,443 shares of the company’s stock, valued at approximately C$20,286,427.47. This represents a 0.66% increase in their position. Insiders have purchased 40,000 shares of company stock worth $579,200 in the last ninety days. Company insiders own 0.83% of the company’s stock.

About Fortuna Silver Mines

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc, is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan.