Streetbeat News

FSM

Fortuna Silver Mines Inc.

https://www.fortunasilver.com

Industry

Silver

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. The company was formerly known as Fortuna Ventures Inc. and changed its name to Fortuna Silver Mines Inc. in June 2005. Fortuna Silver Mines Inc. was incorporated in 1990 and is based in Vancouver, Canada.

Open

4.75

Mkt cap

1.5B

Volume

7M

High

4.83

P/E Ratio

68.29

52-wk high

6.36

Low

4.67

Div yield

N/A

52-wk low

2.63

Fortuna Silver Mines has announced an offering of convertible senior notes due 2029, with an aggregate principal amount of $150 million.

Portfolio Pulse from Benzinga Newsdesk

June 05, 2024 | 11:42 am

Scotiabank analyst Eric Winmill has maintained a Sector Perform rating on Fortuna Silver Mines (NYSE:FSM) and raised the price target from $4.75 to $6.

Portfolio Pulse from Benzinga Newsdesk

May 23, 2024 | 7:10 pm

CIBC analyst Cosmos Chiu maintains a Neutral rating on Fortuna Silver Mines (TSX:FVI) and raises the price target from C$8 to C$9.25.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 6:02 pm

Fortuna Silver Mines announced that its Yaramoko Mine in Burkina Faso has reached the one-million-ounce gold pour milestone on May 19, 2024.

Portfolio Pulse from Benzinga Newsdesk

May 22, 2024 | 9:02 am

Fortuna Silver Mines (NYSE:FSM) reported Q1 2024 adjusted EPS of $0.09, surpassing the $0.05 estimate, an 80% increase year-over-year. However, sales of $224.9M slightly missed the $226M estimate, though marking a 28% increase from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 08, 2024 | 6:54 am

J B Hunt Transport Services Inc reported lower-than-expected Q1 earnings and revenue, leading to a 6% drop in pre-market trading. Other stocks also moved lower, including Qurate Retail, ASML Holding, Capri Holdings, Sage Therapeutics, Urban Outfitters, Polestar Automotive, and Fortuna Silver Mines, due to various negative reports and earnings misses.

Portfolio Pulse from Avi Kapoor

April 17, 2024 | 12:07 pm

CIBC analyst Cosmos Chiu has maintained a Neutral rating on Fortuna Silver Mines (TSX:FVI), also known as FSM on the NYSE, and increased the price target from C$7 to C$8.

Portfolio Pulse from Benzinga Newsdesk

April 15, 2024 | 5:42 pm

Fortuna Silver Mines (NYSE:FSM) reported strong Q1 gold and silver production, with gold production at 89,678 ounces and silver at 1.1 million ounces. The company also repaid $40 million on its credit facility and repurchased 1,030,375 shares. Despite a 49% increase in gold production year-over-year, silver production declined by 32%. The company exercised the right to acquire 50% of the 1.2% net smelter return at the Séguéla mine from Franco Nevada Corp (NYSE:FNV) for $6.6 million. Debt was reduced to $206 million, and cash reserves stood at $128 million.

Portfolio Pulse from Stjepan Kalinic

April 08, 2024 | 7:05 pm

Scotiabank analyst Eric Winmill maintains a Sector Perform rating on Fortuna Silver Mines (FSM) and raises the price target from $4 to $4.75.

Portfolio Pulse from Benzinga Newsdesk

April 08, 2024 | 2:49 pm

Fortuna Silver Mines Inc. (NYSE:FSM) reported strong Q1 2024 gold and gold equivalent production, with gold production up 49% Y/Y and gold equivalent ounces up 20% Y/Y, despite a 32% Y/Y decline in silver production. The company operates mines in West Africa and Latin America, with significant production increases noted in the West Africa Region. Fortuna reiterated its FY24 production guidance for gold, silver, and gold equivalent ounces. FSM shares rose 1.91% in premarket trading.

Portfolio Pulse from Lekha Gupta

April 08, 2024 | 12:13 pm

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