Critical Survey: Fortuna Silver Mines (NYSE:FSM) vs. Black Hawk Exploration (OTCMKTS:BHWX)

Fortuna Silver Mines (NYSE:FSM) and Black Hawk Exploration (OTCMKTS:BHWX) are both basic materials companies, but which is the better business? We will contrast the two companies based on the strength of their analyst recommendations, institutional ownership, earnings, dividends, risk, valuation and profitability.

Insider and Institutional Ownership

33.8% of Fortuna Silver Mines shares are owned by institutional investors. 1.0% of Fortuna Silver Mines shares are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock is poised for long-term growth.

Profitability

This table compares Fortuna Silver Mines and Black Hawk Exploration’s net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Fortuna Silver Mines	2.45%	10.08%	6.87%
Black Hawk Exploration	N/A	N/A	N/A

Earnings and Valuation

This table compares Fortuna Silver Mines and Black Hawk Exploration”s top-line revenue, earnings per share and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Fortuna Silver Mines	$842.43 million	1.79	-$50.84 million	$0.08	60.32
Black Hawk Exploration	N/A	N/A	N/A	N/A	N/A

Black Hawk Exploration has lower revenue, but higher earnings than Fortuna Silver Mines.

Analyst Recommendations

This is a summary of recent recommendations and price targets for Fortuna Silver Mines and Black Hawk Exploration, as provided by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Fortuna Silver Mines	0	1	0	0	2.00
Black Hawk Exploration	0	0	0	0	0.00

Fortuna Silver Mines currently has a consensus price target of $6.50, suggesting a potential upside of 34.72%. Given Fortuna Silver Mines’ stronger consensus rating and higher probable upside, equities research analysts plainly believe Fortuna Silver Mines is more favorable than Black Hawk Exploration.

Summary

Fortuna Silver Mines beats Black Hawk Exploration on 8 of the 8 factors compared between the two stocks.

About Fortuna Silver Mines

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. The company was formerly known as Fortuna Silver Mines Inc. and changed its name to Fortuna Mining Corp. in June 2024. Fortuna Mining Corp. was incorporated in 1990 and is based in Vancouver, Canada.

About Black Hawk Exploration

Black Hawk Exploration (Black Hawk) is an exploration-stage company. The Company is engaged in the acquisition of and exploration of mining properties. It is a diversified energy and metals exploration company focused on identifying and exploring properties and developing new prospective projects globally. On December 8, 2009 the Company formed a wholly owned Nevada subsidiary, Golden Black Hawk, Inc.