Scotiabank Issues Optimistic Forecast for TSE:FVI Earnings

Key Points

• Scotiabank raised its FY2027 EPS forecast for Fortuna Silver Mines to $2.10 from $1.96, well above the current full-year consensus estimate of $0.79.
• Fortuna reported quarterly EPS of C$0.50 on revenue of C$476.14 million, with a 20.79% return on equity and a 31.11% net margin.
• Director Jorge A. Ganoza Durant purchased 20,000 shares for approximately C$298,600, contributing to 40,000 shares bought by insiders over the past 90 days.

Fortuna Silver Mines Inc. (TSE:FVI - Free Report) NYSE: FSM - Scotiabank boosted their FY2027 EPS estimates for Fortuna Silver Mines in a report released on Tuesday, August 4th. Scotiabank analyst E. Winmill now anticipates that the company will post earnings per share of $2.10 for the year, up from their prior forecast of $1.96. The consensus estimate for Fortuna Silver Mines' current full-year earnings is $0.79 per share.

Fortuna Silver Mines (TSE:FVI - Get Free Report) NYSE: FSM last released its quarterly earnings data on Wednesday, May 6th. The company reported C$0.50 EPS for the quarter. Fortuna Silver Mines had a return on equity of 20.79% and a net margin of 31.11%.The business had revenue of C$476.14 million during the quarter.

Fortuna Silver Mines Price Performance

FVI stock opened at C$13.47 on Thursday. The stock has a 50-day moving average price of C$12.33 and a two-hundred day moving average price of C$13.77. Fortuna Silver Mines has a 1 year low of C$8.49 and a 1 year high of C$18.99. The stock has a market cap of C$4.08 billion, a PE ratio of 12.71 and a beta of 2.66. The company has a current ratio of 3.17, a quick ratio of 1.15 and a debt-to-equity ratio of 11.81.

Insiders Place Their Bets

In other Fortuna Silver Mines news, Director Jorge A. Ganoza Durant bought 20,000 shares of Fortuna Silver Mines stock in a transaction dated Monday, May 11th. The stock was bought at an average cost of C$14.93 per share, for a total transaction of C$298,600.00. Following the purchase, the director owned 1,506,443 shares of the company's stock, valued at C$22,491,193.99. The trade was a 1.35% increase in their position. Insiders purchased a total of 40,000 shares of company stock worth $579,200 over the last 90 days. 0.83% of the stock is owned by insiders.

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.

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