Fortuna Silver Mines Inc. (FSM) Scheduled to Post Earnings on Wednesday
Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) will be releasing its earnings data after the market closes on Wednesday, November 8th. Analysts expect Fortuna Silver Mines to post earnings of $0.07 per share for the quarter.
Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Monday, August 14th. The basic materials company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.04 by $0.02. The firm had revenue of $63.90 million for the quarter, compared to analyst estimates of $58.00 million. Fortuna Silver Mines had a return on equity of 9.08% and a net margin of 15.97%. The company’s revenue was up 43.6% on a year-over-year basis. During the same period in the prior year, the company earned ($0.01) EPS. On average, analysts expect Fortuna Silver Mines to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Fortuna Silver Mines Inc. (NYSE FSM) traded up $0.11 during mid-day trading on Monday, reaching $4.30. The company had a trading volume of 187,169 shares, compared to its average volume of 1,030,000. The stock has a market cap of $667.15, a PE ratio of 16.11 and a beta of 0.17. Fortuna Silver Mines Inc. has a 52 week low of $4.11 and a 52 week high of $7.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.84 and a quick ratio of 4.53.
Several equities research analysts recently weighed in on FSM shares. Zacks Investment Research upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Tuesday, July 25th. BidaskClub cut Fortuna Silver Mines from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Canaccord Genuity started coverage on Fortuna Silver Mines in a report on Thursday, September 7th. They set a “buy” rating for the company. Finally, Scotiabank dropped their target price on Fortuna Silver Mines from $7.00 to $6.00 and set a “sector perform” rating for the company in a report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $6.75.
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About Fortuna Silver Mines
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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