Fortuna Silver Mines (FSM) to Release Quarterly Earnings on Wednesday

Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) will be announcing its earnings results after the market closes on Wednesday, March 15th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Fortuna Silver Mines Price Performance

Shares of NYSE FSM opened at $3.18 on Wednesday. Fortuna Silver Mines has a twelve month low of $2.05 and a twelve month high of $4.68. The company has a current ratio of 1.93, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $923.04 million, a price-to-earnings ratio of 22.71 and a beta of 1.25. The business has a 50 day simple moving average of $3.60 and a 200-day simple moving average of $3.21.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on FSM shares. StockNews.com upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Tuesday, February 28th. CIBC boosted their price objective on Fortuna Silver Mines from C$5.85 to C$6.00 in a research report on Tuesday, February 7th. National Bank Financial reduced their price objective on Fortuna Silver Mines from C$6.00 to C$5.75 in a research report on Tuesday, February 14th. Finally, BMO Capital Markets reduced their price objective on Fortuna Silver Mines from C$6.50 to C$6.25 in a research report on Tuesday, January 31st.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Fortuna Silver Mines by 15.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,090,550 shares of the basic materials company’s stock valued at $11,588,000 after buying an additional 419,254 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Fortuna Silver Mines by 446.2% in the second quarter. Renaissance Technologies LLC now owns 1,854,900 shares of the basic materials company’s stock valued at $5,268,000 after buying an additional 1,515,300 shares during the period. Deutsche Bank AG lifted its holdings in shares of Fortuna Silver Mines by 176.3% in the fourth quarter. Deutsche Bank AG now owns 1,143,695 shares of the basic materials company’s stock valued at $4,289,000 after buying an additional 729,773 shares during the period. Wells Fargo & Company MN lifted its holdings in shares of Fortuna Silver Mines by 64.0% in the second quarter. Wells Fargo & Company MN now owns 1,080,165 shares of the basic materials company’s stock valued at $3,068,000 after buying an additional 421,653 shares during the period. Finally, Amundi lifted its holdings in shares of Fortuna Silver Mines by 914.8% in the fourth quarter. Amundi now owns 1,014,789 shares of the basic materials company’s stock valued at $3,684,000 after buying an additional 914,789 shares during the period. Institutional investors and hedge funds own 26.79% of the company’s stock.

About Fortuna Silver Mines

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Fortuna Silver Mines, Inc engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de C.V. (Cuzcatian), Mansfield Minera SA (Mansfield), and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine.