Fortuna Silver Mines (FSM) Scheduled to Post Earnings on Wednesday

Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) will issue its quarterly earnings data after the market closes on Wednesday, May 11th. Analysts expect the company to announce earnings of $0.09 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) last issued its earnings results on Wednesday, March 23rd. The basic materials company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Fortuna Silver Mines had a return on equity of 9.22% and a net margin of 9.79%. During the same period last year, the firm earned $0.11 earnings per share. On average, analysts expect Fortuna Silver Mines to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Shares of FSM opened at $3.57 on Wednesday. Fortuna Silver Mines has a 1 year low of $2.91 and a 1 year high of $7.22. The company has a current ratio of 1.69, a quick ratio of 1.17 and a debt-to-equity ratio of 0.12. The stock has a 50 day simple moving average of $3.99 and a 200-day simple moving average of $3.92. The stock has a market cap of $1.04 billion, a PE ratio of 13.22 and a beta of 1.28.

A number of research firms recently commented on FSM. StockNews.com upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Saturday, April 2nd. Zacks Investment Research upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Tuesday, April 5th. Canaccord Genuity Group upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Tuesday, January 18th. National Bank Financial increased their price target on Fortuna Silver Mines from C$5.50 to C$6.50 in a research report on Wednesday, April 20th. Finally, BMO Capital Markets decreased their price target on Fortuna Silver Mines from C$7.00 to C$6.50 in a research report on Friday, March 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $6.20.

Large investors have recently bought and sold shares of the company. Millennium Management LLC raised its stake in Fortuna Silver Mines by 29.1% during the 4th quarter. Millennium Management LLC now owns 882,289 shares of the basic materials company’s stock worth $3,442,000 after buying an additional 198,746 shares during the period. UBS Group AG raised its stake in Fortuna Silver Mines by 88.3% during the 3rd quarter. UBS Group AG now owns 231,606 shares of the basic materials company’s stock worth $911,000 after buying an additional 108,635 shares during the period. Royal Bank of Canada raised its stake in Fortuna Silver Mines by 148.2% during the 3rd quarter. Royal Bank of Canada now owns 165,231 shares of the basic materials company’s stock worth $649,000 after buying an additional 98,655 shares during the period. Marshall Wace LLP raised its stake in Fortuna Silver Mines by 83.4% during the 4th quarter. Marshall Wace LLP now owns 113,570 shares of the basic materials company’s stock worth $443,000 after buying an additional 51,662 shares during the period. Finally, Geode Capital Management LLC raised its stake in Fortuna Silver Mines by 122.6% during the 3rd quarter. Geode Capital Management LLC now owns 96,469 shares of the basic materials company’s stock worth $379,000 after buying an additional 53,131 shares during the period. Institutional investors and hedge funds own 27.03% 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.

See Also