Fortuna Silver Mines (FSM) Set to Announce Earnings on Tuesday

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) will be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its quarterly earnings data on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The business had revenue of $265.31 million during the quarter. Fortuna Silver Mines had a negative net margin of 5.99% and a positive return on equity of 5.03%. On average, analysts expect Fortuna Silver Mines to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Fortuna Silver Mines Stock Down 1.3 %

Shares of FSM stock traded down $0.06 during trading on Tuesday, reaching $4.63. 1,497,523 shares of the company’s stock were exchanged, compared to its average volume of 5,632,523. Fortuna Silver Mines has a twelve month low of $2.58 and a twelve month high of $4.94. The firm’s fifty day moving average price is $3.73 and its 200-day moving average price is $3.50. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Analyst Ratings Changes

Several equities analysts have commented on FSM shares. TheStreet downgraded shares of Fortuna Silver Mines from a “c-” rating to a “d” rating in a report on Thursday, March 7th. Scotiabank upped their price target on shares of Fortuna Silver Mines from $4.00 to $4.75 and gave the company a “sector perform” rating in a research note on Monday, April 8th. Finally, StockNews.com downgraded shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Monday, April 15th.

About Fortuna Silver Mines

Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.