Scotiabank Issues Pessimistic Estimate for TSE:FVI Earnings

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) – Investment analysts at Scotiabank cut their FY2025 earnings per share (EPS) estimates for Fortuna Silver Mines in a research note issued on Friday, January 23rd. Scotiabank analyst E. Winmill now expects that the company will earn $1.02 per share for the year, down from their previous forecast of $1.06. Scotiabank currently has a “Strong-Buy” rating on the stock. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.79 per share.

Other analysts have also issued reports about the stock. BMO Capital Markets increased their target price on shares of Fortuna Silver Mines from C$15.00 to C$17.00 in a research note on Friday, January 16th. National Bankshares raised Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$14.25 to C$15.00 in a report on Tuesday, November 25th. Finally, Canaccord Genuity Group raised their price objective on Fortuna Silver Mines from C$10.50 to C$15.00 in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Fortuna Silver Mines has a consensus rating of “Hold” and a consensus price target of C$13.50.

Fortuna Silver Mines Stock Performance

TSE:FVI opened at C$15.97 on Monday. The company has a 50-day moving average of C$13.61 and a 200-day moving average of C$11.80. The firm has a market cap of C$4.88 billion, a price-to-earnings ratio of 21.58 and a beta of 1.72. The company has a current ratio of 1.94, a quick ratio of 1.15 and a debt-to-equity ratio of 13.30. Fortuna Silver Mines has a twelve month low of C$5.99 and a twelve month high of C$16.12.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its earnings results on Wednesday, November 5th. The company reported C$0.17 earnings per share (EPS) for the quarter. Fortuna Silver Mines had a return on equity of 1.91% and a net margin of 2.45%.The firm had revenue of C$350.00 million for the quarter.

Insider Activity at Fortuna Silver Mines

In other news, insider Luis Dario Ganoza Durant sold 7,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The stock was sold at an average price of C$13.73, for a total value of C$96,110.00. Following the completion of the sale, the insider owned 406,412 shares of the company’s stock, valued at C$5,580,036.76. This trade represents a 1.69% decrease in their ownership of the stock. Insiders sold a total of 50,000 shares of company stock valued at $687,360 over the last ninety days. Company insiders own 0.83% of the company’s stock.

Fortuna Silver Mines Company Profile

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.