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Fortuna Silver Mines Inc (FSM)



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Upturn Advisory Summary
04/01/2025: FSM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit -30.16% | Avg. Invested days 25 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 1.91B USD | Price to earnings Ratio 15.22 | 1Y Target Price 6 |
Price to earnings Ratio 15.22 | 1Y Target Price 6 | ||
Volume (30-day avg) 16961314 | Beta 1.56 | 52 Weeks Range 3.86 - 6.50 | Updated Date 04/2/2025 |
52 Weeks Range 3.86 - 6.50 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.41 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-03-04 | When After Market | Estimate 0.19 | Actual 0.1184 |
Profitability
Profit Margin 12.12% | Operating Margin (TTM) 20.62% |
Management Effectiveness
Return on Assets (TTM) 7.23% | Return on Equity (TTM) 10.31% |
Valuation
Trailing PE 15.22 | Forward PE 7.83 | Enterprise Value 1830558230 | Price to Sales(TTM) 1.8 |
Enterprise Value 1830558230 | Price to Sales(TTM) 1.8 | ||
Enterprise Value to Revenue 1.72 | Enterprise Value to EBITDA 3.88 | Shares Outstanding 306528000 | Shares Floating 302009963 |
Shares Outstanding 306528000 | Shares Floating 302009963 | ||
Percent Insiders 0.82 | Percent Institutions 62.49 |
Analyst Ratings
Rating 3.6 | Target Price 6.75 | Buy 1 | Strong Buy 1 |
Buy 1 | Strong Buy 1 | ||
Hold 3 | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Fortuna Silver Mines Inc

Company Overview
History and Background
Fortuna Silver Mines Inc. was founded in 2003 and is headquartered in Vancouver, Canada. It is a precious metals mining company focused on silver and gold production. The company has grown through organic growth and acquisitions, expanding its operations across Latin America and West Africa.
Core Business Areas
- Silver Mining: Extraction and processing of silver ore to produce silver doru00e9 bars and concentrates.
- Gold Mining: Extraction and processing of gold ore to produce gold doru00e9 bars and concentrates.
- Base Metal Mining: Extraction of zinc and lead as byproducts.
- Exploration and Development: Discovering and developing new mineral deposits to expand resource base.
Leadership and Structure
Jorge A. Ganoza Durant serves as the President, CEO, and a Director. The company has a typical corporate structure with a board of directors and various executive management positions overseeing different aspects of operations.
Top Products and Market Share
Key Offerings
- Silver Doru00e9 and Concentrates: Fortuna Silver Mines' primary product is silver, sold as doru00e9 bars and concentrates. Revenue fluctuates based on silver prices and production volumes. Competitors include Pan American Silver, First Majestic Silver, and Coeur Mining. Market share is difficult to pinpoint precisely, but Fortuna is a mid-tier producer.
- Gold Doru00e9 and Concentrates: Gold produced as a byproduct and from dedicated gold mines contributes significantly to revenue. Competitors include Newmont, Barrick Gold, and Agnico Eagle Mines. Fortuna's gold production is smaller compared to these majors.
Market Dynamics
Industry Overview
The silver and gold mining industry is influenced by precious metal prices, global economic conditions, geopolitical stability, and environmental regulations. Demand is driven by investment, industrial applications, and jewelry. Supply is affected by mine production, recycling, and central bank sales.
Positioning
Fortuna Silver Mines is positioned as a mid-tier precious metals producer, focusing on low-cost operations and resource expansion. It aims to grow production and reserves through exploration and acquisitions, competing with both larger and smaller mining companies.
Total Addressable Market (TAM)
The global silver market is estimated to be in the range of $25-30 billion USD annually, and the gold market is significantly larger. Fortuna's market capitalization represents a small fraction of these markets. Its TAM depends on the amount of revenue that it is bringing in. This also varies year to year.
Upturn SWOT Analysis
Strengths
- Diversified production across multiple mines
- Low-cost operations in some mines
- Experienced management team
- Strong exploration potential at existing properties
Weaknesses
- Exposure to fluctuations in silver and gold prices
- Geopolitical risks in operating countries
- Dependence on a limited number of mines for production
- Relatively small market capitalization compared to major miners
Opportunities
- Acquisition of new mining projects
- Expansion of existing mines
- Discovery of new mineral deposits
- Increased silver and gold prices
Threats
- Decline in silver and gold prices
- Political instability in operating countries
- Increased operating costs
- Environmental regulations
- Community relations issues
Competitors and Market Share
Key Competitors
- Pan American Silver Corp (PAAS)
- First Majestic Silver Corp (AG)
- Coeur Mining Inc (CDE)
Competitive Landscape
Fortuna Silver Mines is a mid-tier producer, which is an advantage and disadvantage. It's smaller size makes it more nimble than larger companies but it does not have the same resources. It competes on operational efficiency and exploration success.
Major Acquisitions
Roxgold Inc.
- Year: 2021
- Acquisition Price (USD millions): 884
- Strategic Rationale: The acquisition of Roxgold provided Fortuna with access to the high-grade Yaramoko gold mine in Burkina Faso, diversifying its production base and increasing gold output.
Growth Trajectory and Initiatives
Historical Growth: Historical growth is determined by financial metrics over multiple years.
Future Projections: Future projections are best determined from analyst forecasts.
Recent Initiatives: Recent initiatives are found in Fortuna's announcements.
Summary
Fortuna Silver Mines is a mid-tier precious metals producer with diversified operations. It is exposed to price volatility but has growth potential through exploration and acquisitions. Roxgold acquisition was a smart move. Community relations are a potential pitfall.
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Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
- Company Website
Disclaimers:
The data provided is for informational purposes only and should not be considered investment advice. Market conditions and company performance can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Fortuna Silver Mines Inc
Exchange NYSE | Headquaters Vancouver, BC, Canada | ||
IPO Launch date 2007-01-08 | Co-Founder, President, CEO & Director Mr. Jorge A. Ganoza Durant B.Sc., Eng | ||
Sector Basic Materials | Industry Gold | Full time employees - | Website https://www.fortunamining.com |
Full time employees - | Website https://www.fortunamining.com |
Fortuna Mining Corp. engages in the precious and base metal mining and related activities in Argentina, Burkina Faso, Côte d'Ivoire, Mexico, Peru, and Senegal. The company operates through Mansfield, Sanu, Sango, Cuzcatlan, and Bateas segments. It operates the Lindero gold mine, the Yaramoko gold mine, the Séguéla gold mine, and the San Jose silver-gold mine, as well as the Caylloma silver, lead, and zinc mine. The company was formerly known as Fortuna Silver Mines Inc. and changed its name to Fortuna Mining Corp. in June 2024. Fortuna Mining Corp. was incorporated in 1990 and is based in Vancouver, Canada.
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