Fortuna Silver Mines (NYSE:FSM) Issues Quarterly Earnings Results

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09), Zacks reports. Fortuna Silver Mines had a net margin of 2.45% and a return on equity of 10.08%.

Fortuna Silver Mines Stock Up 4.6 %

FSM traded up $0.20 during mid-day trading on Wednesday, reaching $4.48. 19,391,972 shares of the stock were exchanged, compared to its average volume of 14,025,409. The company has a 50 day moving average price of $4.63 and a two-hundred day moving average price of $4.71. The stock has a market capitalization of $1.37 billion, a PE ratio of 55.94 and a beta of 1.56. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. Fortuna Silver Mines has a 1 year low of $2.93 and a 1 year high of $6.36.

Wall Street Analyst Weigh In

A number of analysts have commented on FSM shares. CIBC lowered shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research note on Tuesday, February 18th. Cibc World Mkts cut shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 18th. Finally, Scotiabank dropped their price target on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $6.00.

Fortuna Silver Mines Company Profile

Fortuna Mining Corp. 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.