Fortuna Mining Corp (FSM)
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Analysts Issue Forecasts for Fortuna Silver Mines Inc.’s Q2 2024 Earnings (NYSE:FSM)
Fortuna Silver Mines Inc. (NYSE:FSM – Free Report) (TSE:FVI) – Stock analysts at National Bank Financial issued their Q2 2024 earnings estimates for shares of Fortuna Silver Mines in a research note issued on Thursday, May 16th. National Bank Financial analyst D. Demarco expects that the basic materials company will earn $0.07 per share for the quarter. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.08 per share. National Bank Financial also issued estimates for Fortuna Silver Mines’ Q3 2024 earnings at $0.11 EPS and Q4 2024 earnings at $0.09 EPS. Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last released its earnings results on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $265.31 million during the quarter. Fortuna Silver Mines had a negative net margin of 3.94% and a positive return on equity of 6.04%. FSM has been the topic of several other reports. Scotiabank increased their price objective on shares of Fortuna Silver Mines from $4.00 to $4.75 and gave the stock a “sector perform” rating in a report on Monday, April 8th. TheStreet lowered shares of Fortuna Silver Mines from a “c-” rating to a “d” rating in a report on Thursday, March 7th. Finally, StockNews.com upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a report on Wednesday, May 8th. Get Our Latest Stock Analysis on Fortuna Silver Mines Fortuna Silver Mines Trading Up 7.6 % Shares of FSM stock opened at $5.84 on Monday. The firm has a market cap of $1.79 billion, a P/E ratio of -53.09 and a beta of 1.57. Fortuna Silver Mines has a 1-year low of $2.58 and a 1-year high of $5.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.27 and a quick ratio of 0.76. The firm’s 50-day simple moving average is $4.37 and its 200-day simple moving average is $3.72. Institutional Inflows and Outflows Hedge funds have recently bought and sold shares of the business. Rathbones Group PLC purchased a new position in Fortuna Silver Mines in the third quarter valued at approximately $34,000. Perritt Capital Management Inc. grew its position in Fortuna Silver Mines by 40.0% in the first quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 3,000 shares in the last quarter. Coppell Advisory Solutions Corp. acquired a new stake in Fortuna Silver Mines in the first quarter valued at approximately $56,000. Private Advisor Group LLC acquired a new stake in Fortuna Silver Mines in the third quarter valued at approximately $66,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Fortuna Silver Mines in the fourth quarter valued at approximately $77,000. Hedge funds and other institutional investors own 33.80% of the company’s stock. Fortuna Silver Mines Company Profile (Get Free Report) 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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Fortuna Silver's (FSM) shares gain on the surge in gold prices and upbeat first-quarter 2024 results.
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