Analysts Expect Fortuna Silver Mines Inc. (NYSE:FSM) Will Announce Earnings of $0.09 Per Share

Wall Street brokerages expect that Fortuna Silver Mines Inc. (NYSE:FSM – Get Rating) (TSE:FVI) will post earnings of $0.09 per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Fortuna Silver Mines’ earnings. Fortuna Silver Mines reported earnings per share of $0.11 in the same quarter last year, which would suggest a negative year-over-year growth rate of 18.2%. The company is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Fortuna Silver Mines will report full-year earnings of $0.40 per share for the current fiscal year. For the next financial year, analysts anticipate that the company will report earnings of $0.80 per share. Zacks’ EPS calculations are an average based on a survey of research firms that cover Fortuna Silver Mines.

Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) last posted its quarterly earnings results on Wednesday, May 11th. The basic materials company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.02. The firm had revenue of $182.33 million for the quarter. Fortuna Silver Mines had a net margin of 8.79% and a return on equity of 8.40%.

A number of analysts have weighed in on the stock. National Bank Financial increased their target price on shares of Fortuna Silver Mines from C$5.50 to C$6.50 in a report on Wednesday, April 20th. StockNews.com raised shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Saturday, April 2nd. BMO Capital Markets lowered their price target on shares of Fortuna Silver Mines from C$7.00 to C$6.75 in a research report on Thursday, May 12th. Finally, Zacks Investment Research upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a $3.75 price target for the company in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Fortuna Silver Mines presently has an average rating of “Hold” and a consensus price target of $6.10.

A number of institutional investors and hedge funds have recently made changes to their positions in FSM. Citigroup Inc. acquired a new stake in Fortuna Silver Mines in the 1st quarter valued at about $38,000. Kestra Advisory Services LLC purchased a new stake in Fortuna Silver Mines during the fourth quarter valued at about $39,000. Aire Advisors LLC purchased a new stake in Fortuna Silver Mines during the fourth quarter valued at about $39,000. Bank of New York Mellon Corp purchased a new stake in Fortuna Silver Mines during the third quarter valued at about $40,000. Finally, Squarepoint Ops LLC purchased a new stake in Fortuna Silver Mines during the third quarter valued at about $44,000. Hedge funds and other institutional investors own 27.03% of the company’s stock.

FSM traded up $0.03 during trading on Friday, hitting $3.48. The company had a trading volume of 3,080,937 shares, compared to its average volume of 5,557,811. The company has a market cap of $1.02 billion, a PE ratio of 15.82 and a beta of 1.28. The business has a 50-day moving average of $3.68 and a 200-day moving average of $3.72. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.07 and a quick ratio of 1.44. Fortuna Silver Mines has a 1-year low of $2.66 and a 1-year high of $7.22.

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.

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