Fortuna Silver Mines (NYSE:FSM) Announces Earnings Results, Misses Expectations By $0.09 EPS

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI posted its quarterly earnings results on Wednesday. The basic materials company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.09), Zacks reports. The business had revenue of $302.20 million during the quarter, compared to analyst estimates of $301.65 million. Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%.

Fortuna Silver Mines Stock Up 5.9 %

Shares of FSM stock traded up $0.28 on Friday, reaching $4.91. 23,596,192 shares of the stock were exchanged, compared to its average volume of 14,401,709. The company has a current ratio of 1.94, a quick ratio of 1.37 and a debt-to-equity ratio of 0.12. The business's 50 day moving average price is $4.65 and its 200 day moving average price is $4.71. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 61.32 and a beta of 1.50. Fortuna Silver Mines has a twelve month low of $3.16 and a twelve month high of $6.36.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. CIBC downgraded shares of Fortuna Silver Mines from a "neutral" rating to a "sector underperform" rating in a research note on Tuesday, February 18th. Cibc World Mkts downgraded shares of Fortuna Silver Mines from a "hold" rating to a "strong sell" rating in a research note on Tuesday, February 18th. Finally, Scotiabank dropped their price target on shares of Fortuna Silver Mines from $6.75 to $6.00 and set a "sector perform" rating for the company in a research note on Wednesday, January 15th.

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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.