National Bank Financial Comments on Fortuna Silver Mines Inc.’s Q2 2023 Earnings (TSE:FVI)

Posted by on May 22nd, 2023

Fortuna Silver Mines Inc. (TSE:FVI – Get Rating) (NYSE:FSM) – Research analysts at National Bank Financial issued their Q2 2023 EPS estimates for shares of Fortuna Silver Mines in a report issued on Thursday, May 18th. National Bank Financial analyst D. Demarco forecasts that the company will earn $0.04 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 2023 earnings at $0.21 EPS, Q4 2023 earnings at $0.19 EPS, FY2023 earnings at $0.51 EPS and FY2024 earnings at $0.56 EPS.

Fortuna Silver Mines (TSE:FVI – Get Rating) (NYSE:FSM) last issued its earnings results on Wednesday, March 15th. The company reported C$0.03 EPS for the quarter, meeting analysts’ consensus estimates of C$0.03. Fortuna Silver Mines had a negative net margin of 21.24% and a negative return on equity of 10.96%.

Other equities research analysts also recently issued research reports about the company. Pi Financial downgraded Fortuna Silver Mines from a “buy” rating to a “neutral” rating and decreased their target price for the stock from C$5.50 to C$5.00 in a research report on Tuesday, February 7th. CIBC increased their price objective on shares of Fortuna Silver Mines from C$6.00 to C$6.50 in a research report on Monday, April 17th. BMO Capital Markets dropped their price objective on shares of Fortuna Silver Mines from C$6.50 to C$6.25 in a research note on Tuesday, January 31st. National Bankshares upped their target price on shares of Fortuna Silver Mines from C$7.00 to C$7.25 and gave the company a “sector perform” rating in a research note on Friday. Finally, Canaccord Genuity Group dropped their price target on shares of Fortuna Silver Mines from C$7.00 to C$6.00 in a research note on Wednesday, May 17th.

Fortuna Silver Mines Stock Up 1.3 %

Shares of TSE FVI opened at C$4.65 on Monday. The stock has a fifty day moving average price of C$5.02 and a 200 day moving average price of C$4.89. The company has a current ratio of 1.90, a quick ratio of 1.15 and a debt-to-equity ratio of 22.76. Fortuna Silver Mines has a 12-month low of C$2.82 and a 12-month high of C$5.61. The company has a market cap of C$1.35 billion, a P/E ratio of -8.02 and a beta of 1.25.

About Fortuna Silver Mines

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Fortuna Silver Mines Inc engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.

Further Reading

Earnings History and Estimates for Fortuna Silver Mines (TSE:FVI)

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