Fortuna Silver Mines Inc. Expected to Earn Q1 2024 Earnings of $0.04 Per Share (TSE:FVI)

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) – Analysts at National Bank Financial issued their Q1 2024 earnings per share estimates for Fortuna Silver Mines in a report released on Thursday, April 18th. National Bank Financial analyst D. Demarco expects that the company will post earnings per share of $0.04 for the quarter. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.12 per share.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced its earnings results on Wednesday, March 6th. The company reported C$0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.01). The firm had revenue of C$361.23 million during the quarter. Fortuna Silver Mines had a negative return on equity of 3.39% and a negative net margin of 6.03%.

A number of other research analysts have also recently weighed in on the company. Canaccord Genuity Group lifted their price objective on Fortuna Silver Mines from C$6.00 to C$7.50 in a research report on Tuesday. BMO Capital Markets lowered their price objective on Fortuna Silver Mines from C$7.00 to C$6.50 in a research report on Friday, March 8th. National Bankshares lowered their price objective on Fortuna Silver Mines from C$7.75 to C$7.50 in a research report on Friday, April 19th. Finally, CIBC lifted their price objective on Fortuna Silver Mines from C$7.00 to C$8.00 in a research report on Monday, April 15th.

Fortuna Silver Mines Stock Up 3.9 %

TSE FVI opened at C$6.37 on Monday. Fortuna Silver Mines has a 52 week low of C$3.56 and a 52 week high of C$6.80. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 20.51. The company has a market capitalization of C$1.95 billion, a P/E ratio of -27.70 and a beta of 1.66. The stock’s 50-day moving average price is C$4.92 and its 200-day moving average price is C$4.69.

Insider Buying and Selling

In related news, Senior Officer David Whittle sold 5,421 shares of the business’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$4.91, for a total value of C$26,617.11. In other news, Senior Officer Eric Chapman sold 48,900 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of C$6.41, for a total transaction of C$313,375.65. Also, Senior Officer David Whittle sold 5,421 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of C$4.91, for a total value of C$26,617.11. 0.77% of the stock is owned by insiders.

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.