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    Fortuna Silver Mines Inc (FSM)

    Official site

    BASIC MATERIALS • GOLD • NYSE

    $10.54
    +0.37 (+3.64%)

    Market Cap: $3.12B

    Last updated: Oct 16, 2026 at 5:00 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    41%(16/39)
    Avg Surprise
    -2.91%

    Upcoming Estimates

    Period ending Sep 30, 2026
    EPS Consensus$0.36
    Range$0.21 - $0.57
    3 analysts
    EPS Revisions
    2
    0
    7d
    1
    1
    30d
    EPS Estimate DriftChange to current
    90d ago$0.36+0.9%
    60d ago$0.44-16.8%
    30d ago$0.42-13.5%
    7d ago$0.38-4.4%
    Current$0.36
    Revenue Consensus
    $290M
    Range$290M - $290M
    1 analysts
    Period ending Dec 31, 2026
    EPS Consensus$0.34
    Range$0.12 - $0.76
    4 analysts
    Revenue Consensus
    $681M
    Range$681M - $681M
    1 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Dec 26EST
    -$0.34---
    Sep 26EST
    -$0.36---
    Jun 26
    Reported Aug 5
    $0.24$0.29-17.24%Miss+50.0%
    Mar 26
    Reported May 6
    $0.35$0.38-7.89%Miss+75.0%
    Dec 25
    Reported Feb 18
    $0.22$0.07+214.29%Beat+85.8%
    Sep 25
    Reported Nov 5
    $0.15$0.09+66.67%Beat-6.3%
    Jun 25
    Reported Aug 6
    $0.16$0.18-11.11%Miss+45.5%
    Mar 25
    Reported May 7
    $0.20$0.21-4.76%Miss+100.0%
    Dec 24
    Reported Mar 5
    $0.12$0.19-37.68%Miss+69.1%
    Sep 24
    Reported Nov 7
    $0.16$0.12+33.33%Beat+60.0%
    Jun 24
    Reported Aug 7
    $0.11$0.13-15.38%Miss+1000.0%
    Mar 24
    Reported May 7
    $0.10$0.06+66.67%Beat+100.0%
    Dec 23
    Reported Mar 6
    $0.07$0.10-30.00%Miss+250.0%
    Sep 23
    Reported Nov 8
    $0.10$0.07+42.86%Beat+900.0%
    Jun 23
    Reported Aug 9
    $0.01N/A-75.00%Miss+0.0%
    Mar 23
    Reported May 15
    $0.05$0.01+400.00%Beat-54.5%
    Dec 22
    Reported Mar 15
    $0.02$0.02+0.00%Beat-83.3%
    Sep 22
    Reported Nov 9
    $0.01$0.02-50.00%Miss-90.9%
    Jun 22
    Reported Aug 10
    $0.01N/A-83.33%Miss-90.9%
    Mar 22
    Reported May 11
    $0.11$0.09+22.22%Beat-21.4%
    Dec 21
    Reported Mar 23
    $0.12$0.14-14.29%Miss+0.0%
    Sep 21
    Reported Nov 11
    $0.11$0.12-8.33%Miss+57.1%
    Jun 21
    Reported Aug 11
    $0.11$0.11+0.00%Beat+466.7%
    Mar 21
    Reported May 10
    $0.14$0.10+40.00%Beat+1500.0%
    Dec 20
    Reported Mar 10
    $0.12$0.08+50.00%Beat+71.4%
    Sep 20
    Reported Nov 12
    $0.07$0.12-41.67%Miss+240.0%
    Jun 20
    Reported Aug 13
    $-0.03$-0.01-200.00%Miss-175.0%
    Mar 20
    Reported May 11
    $-0.01$0.02-150.00%Miss-120.0%
    Dec 19
    Reported Mar 11
    $0.07$0.06+16.67%Beat+600.0%
    Sep 19
    Reported Nov 14
    $-0.05$0.04-225.00%Miss-200.0%
    Jun 19
    Reported Aug 7
    $0.04$0.05-20.00%Miss-33.3%
    Mar 19
    Reported May 14
    $0.05$0.06-16.67%Miss-37.5%
    Dec 18
    Reported Mar 13
    $0.01$0.02-50.00%Miss-87.5%
    Sep 18
    Reported Nov 8
    $0.05$0.05+0.00%Beat-37.5%
    Jun 18
    Reported Aug 8
    $0.06$0.10-40.00%Miss+20.0%
    Mar 18
    Reported May 9
    $0.08$0.09-11.11%Miss-11.1%
    Dec 17
    Reported Mar 15
    $0.08$0.10-20.00%Miss+60.0%
    Sep 17
    Reported Nov 8
    $0.08$0.08+0.00%Beat-
    Jun 17
    Reported Aug 14
    $0.05$0.05+0.00%Beat-
    Mar 17
    Reported May 15
    $0.09$0.05+80.00%Beat-
    Dec 16
    Reported Mar 27
    $0.05$0.06-16.67%Miss-

    Key Metrics

    Valuation
    P/E Ratio10.98EV/EBITDA3.73x
    Price/FCF8.32xFCF Yield12.02%
    Profitability
    Profit Margin32.00%Operating Margin51.10%
    ROE24.10%ROIC21.85%
    Financial Health
    Debt/Equity0.10xInterest Coverage26.19x
    Current Ratio3.00xQuick Ratio2.50x
    Trading Statistics
    Beta2.18Avg Volume5.48M
    52-Week High$13.8552-Week Low$7.69

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$10.73
    SMA 20$11.15
    SMA 50$11.43
    SMA 200$10.33
    EMA 10$10.72
    EMA 20$11.00
    EMA 50$10.98
    EMA 200$10.08

    MACD

    Line: -0.28Signal: -0.18Hist: -0.10

    ADX

    ADX: 21.8+DI: 15.9-DI: 31.9

    Aroon & PSAR

    Aroon Up4.0
    Aroon Down96.0
    PSAR$10.99

    Bollinger Bands

    Upper Band$12.28
    Lower Band$10.02
    %B Position2031%(Upper)
    Band Width0.23

    RSI (14-Day)

    Neutral
    42.9

    Momentum Oscillators

    Stoch %K27.7
    Stoch %D30.8
    Williams %R-61.4
    ROC (10d)-5.6%
    Momentum-0.63
    CCI (20d)-111.5
    MFI (14d)58.9

    Volatility Measures

    ATR (14d)$0.46(4.4%)
    StdDev (20d)0.57
    Hist Vol53.1%(High)

    Volume Flow

    VWAP$10.42
    OBV379.2M
    AD Line191.6M
    CMF (20d)-0.049

    Volume Metrics

    Avg Vol (20d)5.7M
    Vol Ratio0.6x
    VWMA (20d)$11.09

    Pivot Points

    R3$10.91
    R2$10.67
    R1$10.42
    Pivot Point$10.19
    S1$9.94
    S2$9.70
    S3$9.45

    Advanced Oscillators

    TSI-14.57
    Ultimate Osc45.6
    KST-82.84

    Financial Data

    QuarterJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024Jun 2024Mar 2024Dec 2023Sep 2023
    Total Revenue$318.41M$342.47M$272.03M$251.36M$230.42M$290.14M$302.20M$274.92M$156.29M$200.91M$265.31M$243.06M
    Cost of Revenue$134.95M$130.63M$123.97M$118.23M$125.39M$174.27M$195.36M$187.99M$103.68M$131.32M$213.46M$177.18M
    Gross Profit$183.46M$211.84M$148.06M$133.13M$105.03M$115.87M$106.83M$86.93M$52.61M$69.59M$51.85M$65.88M
    Operating Expenses$20.27M$29.66M$26.70M$-21,466,000$21.31M$24.01M$53.99M$14.28M$21.86M$21.26M$129.23M$20.50M
    R&D$0$0$0$0$0$0$0$0$0$0$0$0
    SG&A$18.67M$27.79M$25.96M$26.30M$21.57M$25.30M$19.40M$16.04M$20.64M$16.77M$19.91M$14.63M
    Operating Income$163.19M$182.18M$121.35M$154.60M$83.72M$91.86M$52.85M$72.65M$30.75M$48.33M$-77,374,000$45.38M
    Interest Income$4.52M$4.62M$4.32M$4.09M$3.08M$3.44M$1.55M$1.36M$773,000$850,000$0$970,000
    Interest Expense$6.02M$6.56M$6.48M$4.74M$6.08M$5.73M$7.42M$7.26M$6.30M$5.95M$7.90M$6.04M
    Income Before Tax$154.78M$178.32M$113.24M$153.02M$81.36M$90.21M$48.08M$69.53M$26.66M$44.95M$-72,815,000$37.46M
    Income Tax Expense$71.03M$58.37M$38.12M$24.82M$33.65M$22.23M$33.00M$15.12M$4.45M$15.39M$17.02M$6.58M
    Net Income$75.50M$111.01M$69.11M$123.59M$37.31M$58.50M$11.34M$50.51M$40.63M$26.25M$-92,316,000$27.47M
    EBITDA$204.81M$230.79M$165.86M$210.79M$135.98M$139.13M$108.70M$122.59M$76.56M$101.08M$6.41M$111.69M
    EBIT$160.79M$184.88M$119.72M$157.75M$87.64M$94.35M$62.31M$76.79M$33.67M$50.83M$-64,918,000$46.57M
    * Some calculated fields are derived from available data when not provided by source

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    FSM Valuation and Fair Value

    P/E
    11.0x
    Forward P/E
    6.9x
    EV/EBITDA
    3.7x
    P/FCF
    8.3x
    PEG
    0.0x
    P/B
    2.0x
    See GNG's fair value

    FSM Profitability: Margins, ROIC and FCF

    Gross margin
    57.1%
    Operating margin
    51.1%
    Net margin
    32.0%
    ROIC
    21.9%
    ROE
    24.1%
    FCF margin
    35.2%
    FCF yield
    12.0%

    FSM Analyst Ratings

    Consensus
    Buy
    Analysts
    4
    Strong Buy
    2
    Buy
    1
    Hold
    1
    Sell
    0
    Strong Sell
    0

    FSM Bull Case vs Bear Case

    Bull case

    • FSM earns a 21.9% return on invested capital.
    • FSM converts 35.2% of revenue into free cash flow.
    • FSM has a 32.0% net profit margin.

    Bear case

    • FSM beat EPS estimates in 37.5% of its last 8 reported quarters.

    FSM Earnings: Beat Rate and Next Report

    Beat rate
    3 of 8 quarters (37.5%)
    Average surprise
    29.4%
    EPS estimate (fiscal period ending Sep 30, 2026)
    $0.36
    Estimate revisions (30 days, fiscal period ending Sep 30, 2026)
    1 up, 1 down

    Frequently Asked Questions About FSM

    Does FSM pay dividends?

    Fortuna Silver Mines Inc (FSM) does not currently pay a regular dividend.

    What is FSM's P/E ratio?

    Fortuna Silver Mines Inc has a price-to-earnings (P/E) ratio of 10.98.

    What is FSM's market cap?

    Fortuna Silver Mines Inc (FSM) has a market capitalization of $3.12B with a current stock price of $10.54.

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