FSM Stock Analysis: Fortuna Silver Mines | NYSE
Gold | NYSE, USA | Market Cap: 2.581m USD | 12M Return: 27.2% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 41.6M
EPS Trend: 95.0%
Qual. Beats: 0
Rev. Trend: 94.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Fortuna Mining Corp. (NYSE: FSM) is a Canada-incorporated, Vancouver-based precious and base metal miner operating across five countries: Argentina, Côte dIvoire, Mexico, Peru, and Senegal. The company runs three reporting segments-Mansfield, Sango, and Bateas-anchored by the Lindero gold mine in Argentina, the Séguéla gold mine in Côte dIvoire, and the Caylloma silver-lead-zinc mine in Peru. Originally founded in 1990 and listed in 2007 under the name Fortuna Silver Mines Inc., the company rebranded to Fortuna Mining Corp. in June 2024, reflecting its expanded commodity mix.
Although classified under the GICS Silver sub-industry, Fortunas portfolio now spans both precious metals (gold and silver) and base metals (lead and zinc), illustrating the broader shift among mid-tier diversified miners toward gold-heavy production and multi-jurisdictional operations to mitigate country-specific geological and political risk.
- Gold and silver prices drive segment revenue and margins
- Séguéla and Lindero mine production growth boosts output
- West Africa and Latin America political risk raises costs
| Net Income: 341.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA 2.59 > 1.0 |
| NWC/Revenue: 55.71% < 20% (prev 28.74%; Δ 26.98% < -1%) |
| CFO/TA 0.22 > 3% & CFO 551.9m > Net Income 341.0m |
| Net Debt (-393.6m) to EBITDA (743.4m): -0.53 < 3 |
| Current Ratio: 3.17 > 1.5 & < 3 |
| Outstanding Shares: last quarter (332.8m) vs 12m ago 8.02% < -2% |
| Gross Margin: 54.55% > 18% (prev 35.39%; Δ 19.16% > 0.5%) |
| Asset Turnover: 46.86% > 50% (prev 46.81%; Δ 0.05% > 0%) |
| Interest Coverage Ratio: 23.06 > 6 (EBIT TTM 550.0m / Interest Expense TTM 23.9m) |
| A: 0.25 (Total Current Assets 891.9m - Total Current Liabilities 281.1m) / Total Assets 2.49b |
| B: 0.24 (Retained Earnings 586.9m / Total Assets 2.49b) |
| C: 0.24 (EBIT TTM 550.0m / Avg Total Assets 2.34b) |
| D: 2.72 (Book Value of Equity 1.77b / Total Liabilities 652.3m) |
| Altman-Z'' = 6.81 = AAA |
| DSRI: 0.71 (Receivables 73.0m/96.0m, Revenue 1.10b/1.02b) |
| GMI: 0.65 (GM 35.39% / 54.55%) |
| AQI: 0.76 (AQ_t 0.03 / AQ_t-1 0.04) |
| SGI: 1.07 (Revenue 1.10b / 1.02b) |
| TATA: -0.08 (NI 341.0m - CFO 551.9m) / TA 2.49b) |
| Beneish M = -3.68 (Cap -4..+1) = AAA |
As of July 14, 2026, the stock is trading at USD 8.37 with a total of 4,402,379 shares traded. Over the past week, the price has changed by -3.57%, over one month by -11.43%, over three months by -19.83% and over the past year by +27.20%.
Current recommended Stop Loss: 7.70 (which is 8% or 1.6 ATR below the current price).
Fortuna Silver Mines has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy FSM.
- StrongBuy: 1
- Buy: 2
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 14 | 67.3% |
P/E Trailing = 7.9626
P/E Forward = 4.7125
P/S = 2.3722
P/B = 1.3892
Revenue TTM = 1.10b USD
EBIT TTM = 550.0m USD
EBITDA TTM = 743.4m USD
Long Term Debt = 136.6m USD (from longTermDebt, last quarter)
Short Term Debt = 21.5m USD (from shortTermDebt, last quarter)
Debt = 282.2m USD (from shortLongTermDebtTotal, last quarter) + Leases 72.8m
Net Debt = -393.6m USD (calculated: Debt 282.2m - CCE 675.8m)
Enterprise Value = 2.19b USD (2.58b + Debt 282.2m - CCE 675.8m)
Interest Coverage Ratio = 23.06 (Ebit TTM 550.0m / Interest Expense TTM 23.9m)
EV/FCF = 5.97x (Enterprise Value 2.19b / FCF TTM 366.3m)
FCF Yield = 16.75% (FCF TTM 366.3m / Enterprise Value 2.19b)
FCF Margin = 33.42% (FCF TTM 366.3m / Revenue TTM 1.10b)
Net Margin = 31.11% (Net Income TTM 341.0m / Revenue TTM 1.10b)
Gross Margin = 54.55% ((Revenue TTM 1.10b - Cost of Revenue TTM 498.2m) / Revenue TTM)
Gross Margin QoQ = 61.86% (prev 54.43%)
Tobins Q-Ratio = 0.88 (Enterprise Value 2.19b / Total Assets 2.49b)
Interest Expense / Debt = 8.45% (Interest Expense 23.9m / Debt 282.2m)
Taxrate = 29.46% (155.0m / 525.9m)
NOPAT = 387.9m (EBIT 550.0m * (1 - 29.46%))
Current Ratio = 3.17 (Total Current Assets 891.9m / Total Current Liabilities 281.1m)
Debt / Equity = 0.16 (Debt 282.2m / totalStockholderEquity, last quarter 1.77b)
Debt / EBITDA = -0.53 (Net Debt -393.6m / EBITDA 743.4m)
Debt / FCF = -1.07 (Net Debt -393.6m / FCF TTM 366.3m)
Total Stockholder Equity = 1.64b (last 4 quarters mean from totalStockholderEquity)
RoA = 14.58% (Net Income 341.0m / Total Assets 2.49b)
RoE = 20.79% (Net Income TTM 341.0m / Total Stockholder Equity 1.64b)
RoCE = 30.96% (EBIT 550.0m / Capital Employed (Equity 1.64b + L.T.Debt 136.6m))
RoIC = 17.81% (NOPAT 387.9m / Invested Capital 2.18b)
WACC = 8.97% (E(2.58b)/V(2.86b) * Re(9.30%) + D(282.2m)/V(2.86b) * Rd(8.45%) * (1-Tc(0.29)))
Discount Rate = 9.30% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 15.56 | Cagr: 3.71%
[DCF] Terminal Value 75.98% ; FCFF base≈325.7m ; Y1≈373.3m ; Y5≈549.5m
[DCF] Fair Price = 25.90 (EV 7.45b - Net Debt -393.6m = Equity 7.85b / Shares 303.0m; r=8.97% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 94.95 | EPS CAGR: 102.0% | SUE: -0.45 | # QB: 0
Revenue Correlation: 94.66 | Revenue CAGR: 18.25% | SUE: 0.02 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.36 | Chg30d=-7.69% | Revisions=+25% | Analysts=2
EPS next Quarter (2026-09-30): EPS=0.36 | Chg30d=-7.69% | Revisions=+25% | Analysts=2
EPS current Year (2026-12-31): EPS=1.60 | Chg30d=+5.79% | Revisions=-29% | GrowthEPS=+142.1% | GrowthRev=+48.6%
EPS next Year (2027-12-31): EPS=1.68 | Chg30d=+1.30% | Revisions=-29% | GrowthEPS=+4.9% | GrowthRev=+11.8%
[Analyst] Revisions Ratio: -15% (up=4, down=6)