Scotiabank Has Positive Forecast for TSE:FVI FY2024 Earnings

Fortuna Silver Mines Inc. (TSE:FVI) (NYSE:FSM) – Analysts at Scotiabank upped their FY2024 earnings estimates for shares of Fortuna Silver Mines in a research report issued to clients and investors on Wednesday, January 8th. Scotiabank analyst E. Winmill now expects that the company will post earnings per share of $0.75 for the year, up from their prior estimate of $0.57. The consensus estimate for Fortuna Silver Mines’ current full-year earnings is $0.79 per share. Scotiabank also issued estimates for Fortuna Silver Mines’ FY2025 earnings at $0.86 EPS and FY2026 earnings at $0.66 EPS.

Fortuna Silver Mines Stock Up 7.4 %

Shares of FVI stock opened at C$6.55 on Monday. The company has a debt-to-equity ratio of 16.12, a current ratio of 1.51 and a quick ratio of 1.15. Fortuna Silver Mines has a one year low of C$3.57 and a one year high of C$8.68. The company’s fifty day moving average price is C$6.56 and its 200-day moving average price is C$6.56. The company has a market capitalization of C$2.05 billion, a price-to-earnings ratio of -39.25 and a beta of 1.63.

About Fortuna Silver Mines

Fortuna Silver Mines Inc is engaged in precious and base metal mining and related activities in Argentina, Burkina Faso, Mexico, Peru, and Cote d’Ivoire. The company operates the open pit Lindero gold mine in northern Argentina, the underground Yaramoko mine in southwestern Burkina Faso, the underground San Jose silver and gold mine in southern Mexico, the underground Caylloma silver, lead, and zinc mine in southern Peru, and is developing the open pit Seguela gold mine in southwestern Cote d’Ivoire.