Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) – Stock analysts at National Bank Financial lifted their Q3 2017 EPS estimates for shares of Fortuna Silver Mines in a research note issued to investors on Tuesday. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will post earnings of $0.07 per share for the quarter, up from their previous forecast of $0.05. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2017 earnings at $0.29 EPS and FY2018 earnings at $0.30 EPS.

Other equities research analysts have also issued research reports about the stock. Canaccord Genuity assumed coverage on shares of Fortuna Silver Mines in a report on Thursday, September 7th. They issued a “buy” rating on the stock. Scotiabank decreased their price objective on shares of Fortuna Silver Mines from $7.00 to $6.00 and set a “sector perform” rating for the company in a research note on Friday, October 6th. Zacks Investment Research upgraded shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Finally, BidaskClub lowered shares of Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $6.75.

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Fortuna Silver Mines (FSM) opened at 4.38 on Thursday. Fortuna Silver Mines has a one year low of $4.11 and a one year high of $7.73. The company has a market cap of $697.40 million, a PE ratio of 17.11 and a beta of 0.16. The stock has a 50 day moving average price of $4.68 and a 200 day moving average price of $4.73.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Monday, August 14th. The basic materials company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The company had revenue of $63.90 million during the quarter, compared to analysts’ expectations of $58.00 million. Fortuna Silver Mines had a return on equity of 9.08% and a net margin of 15.97%. Fortuna Silver Mines’s revenue for the quarter was up 43.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.01) EPS.

A number of large investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can increased its stake in Fortuna Silver Mines by 2.0% in the 1st 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 last quarter. KCG Holdings Inc. increased its stake in Fortuna Silver Mines by 2.5% in the 1st 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 last quarter. Eqis Capital Management Inc. increased its stake in Fortuna Silver Mines by 8.3% in the 2nd quarter. Eqis Capital Management Inc. now owns 51,904 shares of the basic materials company’s stock valued at $254,000 after buying an additional 3,977 shares during the last quarter. UBS Asset Management Americas Inc. increased its stake in Fortuna Silver Mines by 67.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 33,994 shares of the basic materials company’s stock valued at $176,000 after buying an additional 13,700 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Fortuna Silver Mines by 43.1% in the 1st quarter. JPMorgan Chase & Co. now owns 46,788 shares of the basic materials company’s stock valued at $243,000 after buying an additional 14,086 shares during the last quarter. Hedge funds and other institutional investors own 44.65% of the company’s stock.

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.

Earnings History and Estimates for Fortuna Silver Mines (NYSE:FSM)

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