
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About


Fortuna Silver Mines Inc (FSM)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
10/14/2025: FSM (1-star) has a low Upturn Star Rating. Not recommended to BUY.
1 Year Target Price $8
1 Year Target Price $8
1 | Strong Buy |
1 | Buy |
2 | Hold |
0 | Sell |
1 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -1.98% | Avg. Invested days 30 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.81B USD | Price to earnings Ratio 16.67 | 1Y Target Price 8 |
Price to earnings Ratio 16.67 | 1Y Target Price 8 | ||
Volume (30-day avg) 5 | Beta 1.29 | 52 Weeks Range 4.13 - 9.59 | Updated Date 10/14/2025 |
52 Weeks Range 4.13 - 9.59 | Updated Date 10/14/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.55 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 13.28% | Operating Margin (TTM) 35.1% |
Management Effectiveness
Return on Assets (TTM) 9.3% | Return on Equity (TTM) 13.09% |
Valuation
Trailing PE 16.67 | Forward PE 8.22 | Enterprise Value 2552361775 | Price to Sales(TTM) 2.37 |
Enterprise Value 2552361775 | Price to Sales(TTM) 2.37 | ||
Enterprise Value to Revenue 2.15 | Enterprise Value to EBITDA 4.53 | Shares Outstanding 306959986 | Shares Floating 304059214 |
Shares Outstanding 306959986 | Shares Floating 304059214 | ||
Percent Insiders 0.52 | Percent Institutions 72.76 |
Upturn AI SWOT
Fortuna Silver Mines Inc

Company Overview
History and Background
Fortuna Silver Mines Inc. was founded in 2005. It is a precious metals mining company with operations in Latin America and West Africa. It has grown through acquisitions and organic development.
Core Business Areas
- Silver Production: Fortuna's core business is the production of silver from its mines. This includes extraction, processing, and refining of silver ore.
- Gold Production: Gold production is another significant segment. Gold is extracted as a byproduct of silver production and from mines specifically focused on gold extraction.
- Base Metals Production: Production of base metals such as lead and zinc, which are often found in association with silver and gold deposits. These metals contribute to overall revenue.
Leadership and Structure
Jorge A. Ganoza Durant serves as the President, CEO and Director. The organizational structure includes operational teams for each mine, exploration teams, finance, and corporate governance departments.
Top Products and Market Share
Key Offerings
- Silver: Fortuna Silver Mines Inc's primary product is silver, extracted from its various mining operations. Silver prices are influenced by global demand and supply, as well as industrial and investment demand. Fortuna's competitors in silver production include Pan American Silver Corp (PAAS) and First Majestic Silver Corp (AG).
- Gold: Fortuna produces gold as a byproduct of its silver mining activities and from its gold-focused mines. Gold serves as a hedge against inflation and economic uncertainty. Competitors include Newmont Corporation (NEM) and Barrick Gold Corporation (GOLD).
- Lead: Lead extracted from their mines, competing with companies like Teck Resources (TECK) and Glencore (GLNCY).
- Zinc: Zinc extracted from their mines, competing with companies like Teck Resources (TECK) and Glencore (GLNCY).
Market Dynamics
Industry Overview
The silver and gold mining industry is influenced by commodity prices, geopolitical factors, environmental regulations, and technological advancements. Demand is driven by industrial applications, investment, and jewelry fabrication.
Positioning
Fortuna Silver Mines Inc. is a mid-tier silver and gold producer. Its competitive advantages include its diverse asset base across multiple countries and its focus on operational efficiency.
Total Addressable Market (TAM)
The global silver market is estimated in the billions of USD, and Fortuna is positioned to capture a portion of this market through its operations. The global gold market TAM is significantly larger.
Upturn SWOT Analysis
Strengths
- Diversified asset base
- Experienced management team
- Strong production growth
- Low-cost production
Weaknesses
- Geopolitical risks in operating countries
- Fluctuations in commodity prices
- Operational challenges at certain mines
Opportunities
- Expansion of existing mines
- Acquisition of new projects
- Increased exploration activities
- Rising silver and gold prices
Threats
- Declining ore grades
- Environmental regulations
- Political instability
- Labor disputes
Competitors and Market Share
Key Competitors
- PAAS
- AG
- HL
- SVM
Competitive Landscape
Fortuna possesses a competitive advantage through diversified geographic location in Latin America and West Africa which allows them to increase operational efficiency. Fortuna's disadvantages compared to its competitors include higher debt levels and smaller market capitalization.
Major Acquisitions
Roxgold Inc.
- Year: 2021
- Acquisition Price (USD millions): 866
- Strategic Rationale: The strategic rationale behind the acquisition was to diversify Fortuna's production base and increase its gold production.
Growth Trajectory and Initiatives
Historical Growth: Requires historical financial data to demonstrate growth trends.
Future Projections: Based on analyst estimates, project revenue and earnings growth. (Example: Projected Revenue Growth: [0.10, 0.12, 0.15], Projected EPS Growth: [0.15, 0.18, 0.20])
Recent Initiatives: Recent initiatives include expansion of the Yaramoko mine and optimization of operations at other mines.
Summary
Fortuna Silver Mines is a mid-tier precious metals producer with a geographically diversified asset base. The company has experienced growth through acquisitions and organic development. Geopolitical risk, commodity price volatility and operational challenges could cause potential headwinds to the company's performance. Expansion of mines and potentially increased demand for precious metals could provide tailwinds for future revenue and profitability
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings (SEC)
- Industry Reports
- Financial News Outlets
- Analyst Reports
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market data may be delayed.
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.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.