Scotiabank Cuts Earnings Estimates for Fortuna Silver Mines

Key Points

• Scotiabank cut its FY2026 EPS estimate for Fortuna Silver Mines to $2.46 from $2.53, while the consensus full-year earnings estimate sits at $0.79 per share.
• Other analysts have moved more bullishly—BMO raised its price target to C$17 and CIBC upgraded to Neutral with a C$16 target—and the stock carries a consensus rating of "Buy" with an average price target of C$15.75.
• Shares trade around C$14.41 with a market cap of C$4.40 billion and a P/E of 16.01, inside a 12-month range of C$7.32–C$18.99.

Fortuna Silver Mines Inc. (TSE:FVI - Free Report) NYSE: FSM - Equities researchers at Scotiabank reduced their FY2026 EPS estimates for shares of Fortuna Silver Mines in a research report issued on Friday, April 10th. Scotiabank analyst E. Winmill now anticipates that the company will earn $2.46 per share for the year, down from their prior forecast of $2.53. The consensus estimate for Fortuna Silver Mines' current full-year earnings is $0.79 per share.

Several other equities research analysts have also issued reports on FVI. BMO Capital Markets raised their price target on shares of Fortuna Silver Mines from C$15.00 to C$17.00 in a research note on Friday, January 16th. Canadian Imperial Bank of Commerce upgraded shares of Fortuna Silver Mines from an "underperform" rating to a "neutral" rating and raised their price target for the stock from C$9.00 to C$16.00 in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of C$15.75.

Fortuna Silver Mines Trading Down 0.6%

Shares of FVI stock opened at C$14.41 on Tuesday. The company has a 50 day moving average of C$14.90 and a 200-day moving average of C$13.71. The company has a quick ratio of 1.15, a current ratio of 2.98 and a debt-to-equity ratio of 15.92. Fortuna Silver Mines has a 12-month low of C$7.32 and a 12-month high of C$18.99. The firm has a market cap of C$4.40 billion, a P/E ratio of 16.01 and a beta of 2.56.

Fortuna Silver Mines (TSE:FVI - Get Free Report) NYSE: FSM last issued its quarterly earnings results on Thursday, February 19th. The company reported C$0.32 earnings per share (EPS) for the quarter. Fortuna Silver Mines had a net margin of 27.64% and a return on equity of 18.47%. The company had revenue of C$357.48 million during the quarter.

About Fortuna Silver Mines

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.

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