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
Fortuna Silver Mines Company Profile
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.
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