Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) posted its quarterly earnings data on Thursday. The basic materials company reported $0.02 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02, Briefing.com reports. Fortuna Silver Mines had a net margin of 8.75% and a return on equity of 4.43%. The company had revenue of $61.30 million during the quarter, compared to analysts’ expectations of $63.00 million. During the same period in the prior year, the company posted $0.05 earnings per share. Fortuna Silver Mines’s revenue for the quarter was up 2.9% compared to the same quarter last year.
NYSE FSM traded down $0.16 on Friday, hitting $3.05. 3,151,669 shares of the company were exchanged, compared to its average volume of 1,944,817. The company has a market cap of $488.08 million, a PE ratio of 12.71 and a beta of 0.28. Fortuna Silver Mines has a 12 month low of $2.39 and a 12 month high of $4.59. The stock has a fifty day moving average of $3.15 and a 200-day moving average of $3.24. The company has a current ratio of 1.66, a quick ratio of 1.47 and a debt-to-equity ratio of 0.13.
FSM has been the subject of several recent analyst reports. Canaccord Genuity upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a $5.50 price objective for the company in a research report on Friday, September 13th. Scotiabank upgraded shares of Fortuna Silver Mines from a “sector perform” rating to a “sector outperform” rating and set a $5.00 price objective for the company in a research report on Tuesday, September 10th. Zacks Investment Research upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a $3.50 price objective for the company in a research report on Wednesday, October 23rd. Finally, ValuEngine cut shares of Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $4.67.
Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.
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