Fortuna Silver Mines (NYSE:FSM) Issues Quarterly Earnings Results

Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) posted its quarterly earnings results on Wednesday. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02, Yahoo Finance reports. Fortuna Silver Mines had a net margin of 5.76% and a return on equity of 4.63%. The firm had revenue of $164.70 million for the quarter, compared to analyst estimates of $152.00 million. During the same quarter in the previous year, the business posted $0.10 earnings per share.

Fortuna Silver Mines Trading Up 1.9 %

Shares of NYSE:FSM opened at $3.28 on Friday. The firm has a fifty day moving average of $3.54 and a two-hundred day moving average of $3.23. The firm has a market capitalization of $952.09 million, a P/E ratio of 23.00 and a beta of 1.25. Fortuna Silver Mines has a 12-month low of $2.05 and a 12-month high of $4.56. The company has a quick ratio of 1.29, a current ratio of 1.93 and a debt-to-equity ratio of 0.15.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on FSM shares. BMO Capital Markets decreased their price objective on shares of Fortuna Silver Mines from C$6.50 to C$6.25 in a research note on Tuesday, January 31st. National Bank Financial decreased their price objective on shares of Fortuna Silver Mines from C$6.00 to C$5.75 in a research note on Tuesday, February 14th. StockNews.com started coverage on shares of Fortuna Silver Mines in a research note on Thursday. They issued a “sell” rating for the company. Finally, CIBC raised their price objective on shares of Fortuna Silver Mines from C$5.85 to C$6.00 in a research note on Tuesday, February 7th.

Institutional Investors Weigh In On Fortuna Silver Mines

A number of institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its stake in shares of Fortuna Silver Mines by 15.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,090,550 shares of the basic materials company’s stock valued at $11,588,000 after purchasing an additional 419,254 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Fortuna Silver Mines by 446.2% during the 2nd quarter. Renaissance Technologies LLC now owns 1,854,900 shares of the basic materials company’s stock worth $5,268,000 after purchasing an additional 1,515,300 shares during the period. Deutsche Bank AG increased its holdings in shares of Fortuna Silver Mines by 176.3% during the 4th quarter. Deutsche Bank AG now owns 1,143,695 shares of the basic materials company’s stock worth $4,289,000 after purchasing an additional 729,773 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Fortuna Silver Mines by 64.0% during the 2nd quarter. Wells Fargo & Company MN now owns 1,080,165 shares of the basic materials company’s stock worth $3,068,000 after purchasing an additional 421,653 shares during the period. Finally, Amundi increased its holdings in shares of Fortuna Silver Mines by 914.8% during the 4th quarter. Amundi now owns 1,014,789 shares of the basic materials company’s stock worth $3,684,000 after purchasing an additional 914,789 shares during the period. Institutional investors and hedge funds own 26.79% of the company’s stock.

Fortuna Silver Mines Company Profile

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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.