Scotiabank Issues Pessimistic Estimate for TSE:FVI Earnings

Key Points

• Scotiabank cut its FY2026 EPS estimate for Fortuna Silver Mines to $2.23 (from $2.46) and forecasts FY2027 EPS of $2.38, while the current consensus full‑year EPS is reported at $0.79.
• Other analysts remain broadly positive: BMO raised its price target to C$17, CIBC upgraded to "neutral" with a C$16 target, and MarketBeat shows a consensus rating of "Buy" with an average price target of C$15.75.
• FVI shares opened at C$14.01, trade in a 12‑month range of C$7.32–C$18.99, and the stock carries a market cap of C$4.27 billion and a P/E of 15.57.

Fortuna Silver Mines Inc. (TSE:FVI - Free Report) NYSE: FSM - Investment analysts at Scotiabank lowered their FY2026 earnings per share (EPS) estimates for Fortuna Silver Mines in a note issued to investors on Thursday, April 23rd. Scotiabank analyst E. Winmill now expects that the company will post earnings per share of $2.23 for the year, down from their prior estimate of $2.46. The consensus estimate for Fortuna Silver Mines' current full-year earnings is $0.79 per share. Scotiabank also issued estimates for Fortuna Silver Mines' FY2027 earnings at $2.38 EPS.

A number of other brokerages have also commented on FVI. BMO Capital Markets lifted their price target on 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 Fortuna Silver Mines from an "underperform" rating to a "neutral" rating and raised their price objective for the stock from C$9.00 to C$16.00 in a research report on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of C$15.75.

Fortuna Silver Mines Stock Performance

Shares of FVI stock opened at C$14.01 on Monday. The business's 50-day moving average price is C$14.86 and its 200-day moving average price is C$13.83. 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 capitalization of C$4.27 billion, a price-to-earnings ratio of 15.57 and a beta of 2.56. The company has a current ratio of 2.98, a quick ratio of 1.15 and a debt-to-equity ratio of 15.92.

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

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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