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

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) will be announcing its earnings results after the market closes on Wednesday, August 7th. Analysts expect the company to announce earnings of C$0.05 per share for the quarter.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced its earnings results on Tuesday, May 14th. The company reported C$0.06 earnings per share for the quarter, beating the consensus estimate of C$0.04 by C$0.02. The company had revenue of C$77.45 million during the quarter.

Shares of FVI stock opened at C$5.22 on Tuesday. The company has a 50 day moving average of C$4.28. Fortuna Silver Mines has a twelve month low of C$3.22 and a twelve month high of C$7.04. The stock has a market cap of $836.10 million and a P/E ratio of 39.85. The company has a quick ratio of 2.31, a current ratio of 2.71 and a debt-to-equity ratio of 14.15.

In related news, Director Jorge A. Ganoza Durant bought 54,716 shares of the stock in a transaction on Thursday, June 20th. The shares were bought at an average cost of C$3.92 per share, for a total transaction of C$214,219.71. Following the purchase, the director now owns 759,444 shares of the company’s stock, valued at approximately C$2,973,314.39.

Several research analysts have weighed in on FVI shares. National Bank Financial lifted their target price on Fortuna Silver Mines from C$6.50 to C$7.00 and gave the company a “sector perform” rating in a research note on Friday, June 28th. Canaccord Genuity lowered their target price on Fortuna Silver Mines from C$6.75 to C$6.00 in a research note on Friday, July 19th. CIBC lowered their target price on Fortuna Silver Mines from C$6.25 to C$5.25 in a research note on Monday, July 15th. Finally, Pi Financial lifted their target price on Fortuna Silver Mines from C$6.70 to C$7.10 in a research note on Wednesday, July 24th.

Fortuna Silver Mines Company Profile

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 (TSE:FVI)

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