Fortuna Silver Mines (NYSE:FSM) Releases Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) posted its earnings results on Wednesday. The basic materials company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09), Zacks reports. Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%.

Fortuna Silver Mines Stock Performance

Fortuna Silver Mines stock opened at $4.48 on Thursday. Fortuna Silver Mines has a fifty-two week low of $2.93 and a fifty-two week high of $6.36. The stock’s 50 day simple moving average is $4.63 and its two-hundred day simple moving average is $4.71. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 55.94 and a beta of 1.56.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Cibc World Mkts lowered Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research report on Tuesday, February 18th. Scotiabank decreased their target price on Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating for the company in a report on Wednesday, January 15th. Finally, CIBC lowered Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $6.00.

Fortuna Silver Mines Company Profile

Fortuna Mining Corp. engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d’Ivoire.