Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) issued its earnings results on Tuesday. The basic materials company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01), Fidelity Earnings reports. The firm had revenue of $59.00 million during the quarter, compared to the consensus estimate of $62.60 million. Fortuna Silver Mines had a return on equity of 5.78% and a net margin of 12.92%. The firm’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same period last year, the business earned $0.09 earnings per share.
Fortuna Silver Mines stock opened at $2.87 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.57 and a quick ratio of 3.34. Fortuna Silver Mines has a 12-month low of $2.60 and a 12-month high of $5.94. The stock has a market capitalization of $436.64 million, a P/E ratio of 11.96 and a beta of 0.15.
A hedge fund recently bought a new stake in Fortuna Silver Mines stock. Geode Capital Management LLC acquired a new position in Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,092 shares of the basic materials company’s stock, valued at approximately $183,000. 45.01% of the stock is currently owned by institutional investors and hedge funds.
FSM has been the subject of several research reports. CIBC cut Fortuna Silver Mines from a “sector outperform” rating to a “neutral” rating in a research report on Tuesday, March 5th. Zacks Investment Research cut Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Canaccord Genuity raised Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. They noted that the move was a valuation call. Finally, ValuEngine cut Fortuna Silver Mines from a “hold” rating to a “sell” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $6.25.
About Fortuna Silver Mines
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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