National Bank Financial Comments on Fortuna Silver Mines Inc’s FY2018 Earnings (FSM)

Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) – Equities researchers at National Bank Financial reduced their FY2018 earnings per share estimates for shares of Fortuna Silver Mines in a note issued to investors on Wednesday, August 8th. National Bank Financial analyst D. Demarco now anticipates that the basic materials company will earn $0.23 per share for the year, down from their prior forecast of $0.26. National Bank Financial currently has a “Sector Perform Overweight” rating on the stock. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2019 earnings at $0.31 EPS and FY2020 earnings at $0.62 EPS.

A number of other brokerages also recently commented on FSM. ValuEngine raised shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Thursday, April 19th. Zacks Investment Research raised shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating and set a $6.25 price objective for the company in a research report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Fortuna Silver Mines presently has an average rating of “Hold” and an average price target of $6.13.



Shares of FSM opened at $4.65 on Monday. Fortuna Silver Mines has a one year low of $4.03 and a one year high of $6.08. The stock has a market capitalization of $762.25 million, a PE ratio of 14.74 and a beta of -0.07. The company has a quick ratio of 4.75, a current ratio of 5.10 and a debt-to-equity ratio of 0.07.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Wednesday, August 8th. The basic materials company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Fortuna Silver Mines had a net margin of 24.48% and a return on equity of 8.57%. The firm had revenue of $73.67 million during the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in FSM. Van ECK Associates Corp boosted its holdings in shares of Fortuna Silver Mines by 12.0% during the 2nd quarter. Van ECK Associates Corp now owns 20,268,868 shares of the basic materials company’s stock worth $115,260,000 after buying an additional 2,171,283 shares during the period. Bank of Montreal Can bought a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth about $10,682,000. Royal Bank of Canada boosted its holdings in shares of Fortuna Silver Mines by 3,239.6% during the 1st quarter. Royal Bank of Canada now owns 1,418,531 shares of the basic materials company’s stock worth $7,391,000 after buying an additional 1,376,055 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Fortuna Silver Mines by 113.4% during the 2nd quarter. Renaissance Technologies LLC now owns 2,448,600 shares of the basic materials company’s stock worth $13,908,000 after buying an additional 1,301,200 shares during the period. Finally, Sicart Associates LLC bought a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth about $5,143,000. 40.65% of the stock is owned by institutional investors.

About Fortuna Silver Mines

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. It explores for silver, gold, lead, and zinc deposits. The company holds interests in the Caylloma mine located in southern Peru; and the San Jose mine situated in the state of Oaxaca in southern Mexico.

Featured Article: Leveraged Buyout (LBO) Explained

Earnings History and Estimates for Fortuna Silver Mines (NYSE:FSM)

Receive News & Ratings for Fortuna Silver Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Silver Mines and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply