Fortuna Silver Mines (FSM)

Basic Materials · Gold
$10.92 +2.92% on the day Market cap $3.0B 52-week range $7.69 to $13.85 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

Fortuna Silver Mines's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

A

Five factors scored 1 to 9 from FSM's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation8
Profitability8
Growth9
Financial health7

Results from SEC filings

Fiscal years, from Fortuna Silver Mines's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20212022202320242025
Revenue$600M$681M$842M$677M$947M
Net income$58M-$128M-$51M$129M$287M
Free cash flow—————
EPS (diluted)$0.23-$0.44-$0.17$0.41$0.90
Operating margin22.8%-16.7%-0.05%23.1%43.1%

Where the revenue comes from

Revenue by segments, fiscal 2020. Every breakdown, year by year.

Cuzcatlan Reporting Segment$191M68%
Bateas Reporting Segment$68M24%
Mansfield Reporting$20M7%

Superinvestors who own FSM

From each investor's latest 13F filing (what a 13F shows). 3 of the investors we track hold it.

InvestorLast quarterValue% of portfolioQuarter
Joel Greenblatt
Gotham Asset Management
Added $6M0.01%Q2 2026
Cliff Asness
AQR Capital Management
Added $2M0.00%Q2 2026
Mario Gabelli
GAMCO Investors
New position $850,6620.01%Q2 2026

Insider buying

Open-market purchases by Fortuna Silver Mines's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of FSM in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are Fortuna Silver Mines insiders buying the stock?

No open-market insider purchases of FSM in the last 12 months, according to SEC Form 4 filings.

Which superinvestors own Fortuna Silver Mines?

3 of the superinvestors Investingly tracks hold FSM in their latest 13F, including Joel Greenblatt, Cliff Asness, Mario Gabelli.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.