(FSM) Fortuna Silver Mines - Overview

Sector: Basic Materials | Industry: Gold | Exchange: NYSE (USA) | Market Cap: 3.162m USD | Total Return: 103.5% in 12m

Silver, Gold, Lead, Zinc
Total Rating 69
Safety 83
Buy Signal -0.68
Gold
Industry Rotation: -12.6
Market Cap: 3.16B
Avg Turnover: 78.1M USD
ATR: 6.14%
Peers RS (IBD): 42.9
Risk 5d forecast
Volatility55.5%
Rel. Tail Risk-7.27%
Reward TTM
Sharpe Ratio1.36
Alpha71.50
Character TTM
Beta0.673
Beta Downside1.091
Drawdowns 3y
Max DD37.26%
CAGR/Max DD1.02
EPS (Earnings per Share) EPS (Earnings per Share) of FSM over the last years for every Quarter: "2021-03": 0.14, "2021-06": 0.11, "2021-09": 0.08, "2021-12": 0.12, "2022-03": 0.11, "2022-06": 0.01, "2022-09": 0.01, "2022-12": 0.02, "2023-03": 0.05, "2023-06": 0.01, "2023-09": 0.1, "2023-12": 0.07, "2024-03": 0.09, "2024-06": 0.11, "2024-09": 0.17, "2024-12": 0.1184, "2025-03": 0.2, "2025-06": 0.13, "2025-09": 0.38, "2025-12": 0.22,
EPS CAGR: 20.30%
EPS Trend: 76.5%
Last SUE: 1.33
Qual. Beats: 3
Revenue Revenue of FSM over the last years for every Quarter: 2021-03: 117.822, 2021-06: 120.526, 2021-09: 162.569, 2021-12: 198.936, 2022-03: 182.329, 2022-06: 167.871, 2022-09: 166.568, 2022-12: 164.723, 2023-03: 175.653, 2023-06: 158.406, 2023-09: 243.055, 2023-12: 265.314, 2024-03: 200.905, 2024-06: 156.287, 2024-09: 274.921, 2024-12: 302.196, 2025-03: 290.145, 2025-06: 230.419, 2025-09: 251.362, 2025-12: 272.027101,
Rev. CAGR: 11.26%
Rev. Trend: 72.1%
Last SUE: -0.99
Qual. Beats: 0

Warnings

Volatile

Tailwinds

No distinct edge detected

Description: FSM Fortuna Silver Mines

Fortuna Mining Corp. (FSM) is a precious and base metals mining company.

The company operates in Argentina, Côte dIvoire, Mexico, Peru, and Senegal, reflecting the global nature of mining operations.

FSMs assets include the Lindero gold mine, the Séguéla gold mine, and the Caylloma silver, lead, and zinc mine. Mining companies typically diversify their portfolio across different metals and geographic regions to mitigate risk.

The company changed its name from Fortuna Silver Mines Inc. to Fortuna Mining Corp. in June 2024.

For more detailed financial and operational data, explore ValueRay.

Headlines to Watch Out For
  • Global gold and silver prices dictate revenue
  • Production costs, especially energy, impact profitability
  • Regulatory changes in mining jurisdictions pose risk
  • Geopolitical stability affects mine operations and output
Piotroski VR‑10 (Strict) 8.5
Net Income: 288.5m TTM > 0 and > 6% of Revenue
FCF/TA: 0.12 > 0.02 and ΔFCF/TA 3.18 > 1.0
NWC/Revenue: 48.59% < 20% (prev 24.64%; Δ 23.95% < -1%)
CFO/TA 0.19 > 3% & CFO 468.5m > Net Income 288.5m
Net Debt (-286.5m) to EBITDA (668.7m): -0.43 < 3
Current Ratio: 2.98 > 1.5 & < 3
Outstanding Shares: last quarter (305.8m) vs 12m ago -2.14% < -2%
Gross Margin: 48.10% > 18% (prev 0.34%; Δ 4.78k% > 0.5%)
Asset Turnover: 46.09% > 50% (prev 44.16%; Δ 1.92% > 0%)
Interest Coverage Ratio: 19.95 > 6 (EBITDA TTM 668.7m / Interest Expense TTM 23.0m)
Altman Z'' 5.97
A: 0.21 (Total Current Assets 763.1m - Total Current Liabilities 255.9m) / Total Assets 2.41b
B: 0.20 (Retained Earnings 487.2m / Total Assets 2.41b)
C: 0.20 (EBIT TTM 459.5m / Avg Total Assets 2.27b)
D: 2.45 (Book Value of Equity 1.67b / Total Liabilities 682.7m)
Altman-Z'' Score: 5.97 = AAA
Beneish M -3.40
DSRI: 0.64 (Receivables 74.2m/104.1m, Revenue 1.04b/934.3m)
GMI: 0.70 (GM 48.10% / 33.82%)
AQI: 1.32 (AQ_t 0.06 / AQ_t-1 0.04)
SGI: 1.12 (Revenue 1.04b / 934.3m)
TATA: -0.07 (NI 288.5m - CFO 468.5m) / TA 2.41b)
Beneish M-Score: -3.40 (Cap -4..+1) = AA
What is the price of FSM shares? As of April 09, 2026, the stock is trading at USD 10.56 with a total of 7,009,896 shares traded.
Over the past week, the price has changed by +1.25%, over one month by -9.20%, over three months by +6.02% and over the past year by +103.47%.
Is FSM a buy, sell or hold? Fortuna Silver Mines has received a consensus analysts rating of 3.20. Therefor, it is recommend to hold FSM.
  • StrongBuy: 1
  • Buy: 1
  • Hold: 2
  • Sell: 0
  • StrongSell: 1
What are the forecasts/targets for the FSM price?
Analysts Target Price 14 32.6%
Fortuna Silver Mines (FSM) - Fundamental Data Overview as of 08 April 2026
P/E Trailing = 12.0824
P/E Forward = 6.93
P/S = 3.3383
P/B = 1.8694
Revenue TTM = 1.04b USD
EBIT TTM = 459.5m USD
EBITDA TTM = 668.7m USD
Long Term Debt = 134.4m USD (from longTermDebt, last quarter)
Short Term Debt = 21.2m USD (from shortTermDebt, last quarter)
Debt = 266.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -286.5m USD (from netDebt column, last quarter)
Enterprise Value = 2.87b USD (3.16b + Debt 266.5m - CCE 559.7m)
Interest Coverage Ratio = 19.95 (Ebit TTM 459.5m / Interest Expense TTM 23.0m)
EV/FCF = 9.93x (Enterprise Value 2.87b / FCF TTM 288.8m)
FCF Yield = 10.07% (FCF TTM 288.8m / Enterprise Value 2.87b)
FCF Margin = 27.67% (FCF TTM 288.8m / Revenue TTM 1.04b)
Net Margin = 27.64% (Net Income TTM 288.5m / Revenue TTM 1.04b)
Gross Margin = 48.10% ((Revenue TTM 1.04b - Cost of Revenue TTM 541.9m) / Revenue TTM)
Gross Margin QoQ = 54.43% (prev 52.96%)
Tobins Q-Ratio = 1.19 (Enterprise Value 2.87b / Total Assets 2.41b)
Interest Expense / Debt = 2.43% (Interest Expense 6.48m / Debt 266.5m)
Taxrate = 33.66% (38.1m / 113.2m)
NOPAT = 304.8m (EBIT 459.5m * (1 - 33.66%))
Current Ratio = 2.98 (Total Current Assets 763.1m / Total Current Liabilities 255.9m)
Debt / Equity = 0.16 (Debt 266.5m / totalStockholderEquity, last quarter 1.67b)
Debt / EBITDA = -0.43 (Net Debt -286.5m / EBITDA 668.7m)
Debt / FCF = -0.99 (Net Debt -286.5m / FCF TTM 288.8m)
Total Stockholder Equity = 1.56b (last 4 quarters mean from totalStockholderEquity)
RoA = 12.74% (Net Income 288.5m / Total Assets 2.41b)
RoE = 18.47% (Net Income TTM 288.5m / Total Stockholder Equity 1.56b)
RoCE = 27.09% (EBIT 459.5m / Capital Employed (Equity 1.56b + L.T.Debt 134.4m))
RoIC = 18.00% (NOPAT 304.8m / Invested Capital 1.69b)
WACC = 7.83% (E(3.16b)/V(3.43b) * Re(8.35%) + D(266.5m)/V(3.43b) * Rd(2.43%) * (1-Tc(0.34)))
Discount Rate = 8.35% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: -33.33 | Cagr: -0.13%
[DCF] Terminal Value 81.62% ; FCFF base≈247.6m ; Y1≈293.2m ; Y5≈455.3m
[DCF] Fair Price = 27.70 (EV 8.17b - Net Debt -286.5m = Equity 8.45b / Shares 305.3m; r=7.83% [WACC]; 5y FCF grow 19.64% → 3.0% )
EPS Correlation: 76.53 | EPS CAGR: 20.30% | SUE: 1.33 | # QB: 3
Revenue Correlation: 72.06 | Revenue CAGR: 11.26% | SUE: -0.99 | # QB: 0
EPS next Quarter (2026-06-30): EPS=0.48 | Chg7d=+0.040 | Chg30d=+0.060 | Revisions Net=+1 | Analysts=1
EPS current Year (2026-12-31): EPS=1.65 | Chg7d=+0.055 | Chg30d=-0.087 | Revisions Net=+0 | Growth EPS=+150.4% | Growth Revenue=+60.1%
EPS next Year (2027-12-31): EPS=1.74 | Chg7d=+0.147 | Chg30d=+0.202 | Revisions Net=+2 | Growth EPS=+5.4% | Growth Revenue=-2.0%
[Analyst] Revisions Ratio: +1.00 (1 Up / 0 Down within 30d for Next Quarter)
[Growth] Implied Growth Rate = 0.1% (Discount Rate 8.3% - Earnings Yield 8.3%)
[Growth] Growth Spread = -0.1% (Analyst 0.0% - Implied 0.1%)
External Resources
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