Fortuna Silver Mines (FSM) Scheduled to Post Earnings on Wednesday

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) is scheduled to be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.04 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings results on Tuesday, May 14th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The business had revenue of $59.00 million during the quarter, compared to analyst estimates of $62.60 million. Fortuna Silver Mines had a return on equity of 4.94% and a net margin of 8.90%. The company’s quarterly revenue was down 16.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.09 EPS. On average, analysts expect Fortuna Silver Mines to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Fortuna Silver Mines stock opened at $4.19 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.45 and a current ratio of 2.71. The firm has a market capitalization of $633.15 million, a price-to-earnings ratio of 17.46 and a beta of 0.35. Fortuna Silver Mines has a 1 year low of $2.39 and a 1 year high of $5.40. The business has a 50 day simple moving average of $3.26.

Several research firms have issued reports on FSM. ValuEngine upgraded shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research report on Thursday, July 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $4.50.

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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Earnings History for Fortuna Silver Mines (NYSE:FSM)

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