Analysts Set Expectations for Fortuna Silver Mines Inc.’s Q1 2022 Earnings (NYSE:FSM)

Fortuna Silver Mines Inc. (NYSE:FSM – Get Rating) (TSE:FVI) – Stock analysts at National Bank Financial issued their Q1 2022 earnings estimates for Fortuna Silver Mines in a research report issued to clients and investors on Tuesday, April 19th. National Bank Financial analyst D. Demarco anticipates that the basic materials company will post earnings per share of $0.09 for the quarter. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2023 earnings at $0.69 EPS.

Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) last announced its quarterly earnings results on Wednesday, March 23rd. The basic materials company reported $0.12 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). Fortuna Silver Mines had a net margin of 9.79% and a return on equity of 9.22%. During the same period in the prior year, the firm posted $0.11 earnings per share.

A number of other brokerages have also commented on FSM. Zacks Investment Research upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th. StockNews.com upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Saturday, April 2nd. Canaccord Genuity Group upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating and cut their price target for the stock from $6.00 to $5.50 in a report on Tuesday, January 18th. Canaccord Genuity Group upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research note on Tuesday, January 18th. Finally, BMO Capital Markets cut their target price on Fortuna Silver Mines from C$7.00 to C$6.50 in a research note on Friday, March 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Fortuna Silver Mines has a consensus rating of “Hold” and an average target price of $6.54.

Shares of FSM stock opened at $4.00 on Friday. Fortuna Silver Mines has a 12 month low of $2.91 and a 12 month high of $7.91. The firm has a market cap of $1.17 billion, a PE ratio of 14.82 and a beta of 1.31. The stock has a 50 day moving average of $4.01 and a 200-day moving average of $3.96. The company has a quick ratio of 1.17, a current ratio of 1.69 and a debt-to-equity ratio of 0.12.

A number of large investors have recently made changes to their positions in the business. Van ECK Associates Corp grew its position in Fortuna Silver Mines by 56.2% in the third quarter. Van ECK Associates Corp now owns 31,675,311 shares of the basic materials company’s stock valued at $124,484,000 after acquiring an additional 11,392,117 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Fortuna Silver Mines by 63.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,250,857 shares of the basic materials company’s stock worth $24,446,000 after purchasing an additional 2,420,255 shares during the last quarter. Euro Pacific Asset Management LLC boosted its holdings in Fortuna Silver Mines by 2.1% in the third quarter. Euro Pacific Asset Management LLC now owns 3,205,241 shares of the basic materials company’s stock valued at $12,749,000 after acquiring an additional 64,777 shares during the last quarter. Sprott Inc. boosted its holdings in Fortuna Silver Mines by 43.4% in the fourth quarter. Sprott Inc. now owns 2,997,134 shares of the basic materials company’s stock valued at $11,703,000 after acquiring an additional 907,670 shares during the last quarter. Finally, Morgan Stanley boosted its holdings in Fortuna Silver Mines by 66.9% in the third quarter. Morgan Stanley now owns 2,538,493 shares of the basic materials company’s stock valued at $9,976,000 after acquiring an additional 1,017,886 shares during the last quarter. Hedge funds and other institutional investors own 26.39% of the company’s stock.

Fortuna Silver Mines Company Profile (Get Rating)

Fortuna Silver Mines Inc engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.

Recommended Stories