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July 18, 2024
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FY2024 EPS Estimates for Fortuna Silver Mines Inc. Boosted by Analyst (NYSE:FSM)

Fortuna Silver Mines Inc. (NYSE:FSMFree Report) (TSE:FVI) – Analysts at National Bank Financial raised their FY2024 earnings per share (EPS) estimates for shares of Fortuna Silver Mines in a research note issued on Monday, March 11th. National Bank Financial analyst D. Demarco now expects that the basic materials company will post earnings per share of ($0.12) for the year, up from their previous forecast of ($0.36). The consensus estimate for Fortuna Silver Mines’ current full-year earnings is ($0.36) per share. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2025 earnings at ($0.08) EPS.

Other equities analysts also recently issued research reports about the company. TheStreet downgraded Fortuna Silver Mines from a “c-” rating to a “d” rating in a research report on Thursday, March 7th. StockNews.com cut shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a report on Tuesday, February 27th.

Get Our Latest Stock Report on Fortuna Silver Mines

Fortuna Silver Mines Stock Performance

Shares of NYSE:FSM opened at $3.38 on Thursday. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16. Fortuna Silver Mines has a 12 month low of $2.58 and a 12 month high of $4.20. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of -21.13 and a beta of 1.59. The firm’s 50-day moving average is $3.12 and its 200 day moving average is $3.21.

Institutional Investors Weigh In On Fortuna Silver Mines

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Integrated Advisors Network LLC raised its holdings in shares of Fortuna Silver Mines by 208.8% in the 4th quarter. Integrated Advisors Network LLC now owns 148,630 shares of the basic materials company’s stock valued at $574,000 after purchasing an additional 100,500 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Fortuna Silver Mines during the fourth quarter worth $366,000. Legal & General Group Plc boosted its position in shares of Fortuna Silver Mines by 1.3% in the 4th quarter. Legal & General Group Plc now owns 639,490 shares of the basic materials company’s stock worth $2,473,000 after purchasing an additional 7,905 shares in the last quarter. Vident Advisory LLC grew its stake in Fortuna Silver Mines by 142.0% during the 4th quarter. Vident Advisory LLC now owns 1,111,028 shares of the basic materials company’s stock worth $4,289,000 after buying an additional 651,863 shares during the last quarter. Finally, Numerai GP LLC acquired a new position in Fortuna Silver Mines during the 4th quarter valued at about $1,162,000. 31.19% of the stock is owned by institutional investors.

Fortuna Silver Mines Company Profile

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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.

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