Q3 EPS Estimate for Fortuna Silver Mines Cut by Analyst

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

Separately, Canaccord Genuity Group lifted their price objective on shares of Fortuna Silver Mines from C$7.50 to C$8.00 in a research note on Tuesday, July 23rd.

Fortuna Silver Mines Price Performance

The stock has a fifty day simple moving average of C$6.42 and a 200-day simple moving average of C$6.72. Fortuna Silver Mines has a 12 month low of C$3.57 and a 12 month high of C$8.68. The company has a debt-to-equity ratio of 16.12, a current ratio of 1.51 and a quick ratio of 1.15. The stock has a market capitalization of C$2.21 billion, a P/E ratio of -39.25 and a beta of 1.63.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced 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). The firm had revenue of C$355.70 million during the quarter. Fortuna Silver Mines had a return on equity of 1.00% and a net margin of 0.20%.

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.