Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) released its quarterly earnings results on Monday, May 15th. The basic materials company reported $0.05 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01, Morningstar.com reports. Fortuna Silver Mines had a net margin of 12.88% and a return on equity of 9.58%. The firm had revenue of $57.90 million for the quarter, compared to the consensus estimate of $59 million. The business’s revenue was up 56.5% compared to the same quarter last year.

Fortuna Silver Mines (FSM) traded down 0.21% during midday trading on Friday, reaching $4.71. The company’s stock had a trading volume of 14,165,532 shares. Fortuna Silver Mines has a 12-month low of $4.11 and a 12-month high of $9.75. The company has a market cap of $749.94 million, a P/E ratio of 24.53 and a beta of 0.19. The firm has a 50 day moving average price of $4.63 and a 200-day moving average price of $5.45.

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Institutional investors have recently bought and sold shares of the stock. Great West Life Assurance Co. Can raised its position in Fortuna Silver Mines by 2.0% in the first quarter. Great West Life Assurance Co. Can now owns 28,722 shares of the basic materials company’s stock valued at $148,000 after buying an additional 561 shares during the period. KCG Holdings Inc. raised its position in Fortuna Silver Mines by 2.5% in the first quarter. KCG Holdings Inc. now owns 34,009 shares of the basic materials company’s stock valued at $177,000 after buying an additional 821 shares during the period. Creative Planning raised its position in Fortuna Silver Mines by 18.5% in the first quarter. Creative Planning now owns 21,781 shares of the basic materials company’s stock valued at $113,000 after buying an additional 3,400 shares during the period. Vanguard Group Inc. raised its position in Fortuna Silver Mines by 11.5% in the first quarter. Vanguard Group Inc. now owns 43,944 shares of the basic materials company’s stock valued at $229,000 after buying an additional 4,521 shares during the period. Finally, CIBC World Markets Inc. raised its position in Fortuna Silver Mines by 12.9% in the first quarter. CIBC World Markets Inc. now owns 40,316 shares of the basic materials company’s stock valued at $210,000 after buying an additional 4,606 shares during the period. 46.64% of the stock is currently owned by hedge funds and other institutional investors.

FSM has been the topic of several research reports. Zacks Investment Research upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a $5.50 price target on the stock in a research report on Tuesday, March 7th. ValuEngine lowered Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. Raymond James Financial, Inc. raised Fortuna Silver Mines from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, April 5th. BMO Capital Markets raised Fortuna Silver Mines from a “market perform” rating to an “outperform” rating and dropped their target price for the stock from $10.75 to $9.00 in a report on Friday, March 31st. Finally, National Bank Financial reissued an “outperform” rating on shares of Fortuna Silver Mines in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $8.94.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.

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