Fortuna Silver Mines (TSE:FVI) Announces Earnings Results

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) posted its quarterly earnings results on Wednesday. The company reported C$0.32 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$357.48 million during the quarter. Fortuna Silver Mines had a return on equity of 1.91% and a net margin of 2.45%.

Fortuna Silver Mines Stock Performance

FVI stock opened at C$14.95 on Friday. Fortuna Silver Mines has a 1-year low of C$5.99 and a 1-year high of C$17.14. The company has a current ratio of 1.94, a quick ratio of 1.15 and a debt-to-equity ratio of 13.30. The stock has a 50-day moving average price of C$14.29 and a 200-day moving average price of C$12.49. The firm has a market cap of C$4.56 billion, a PE ratio of 20.20 and a beta of 1.87.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on FVI shares. Scotiabank upgraded Fortuna Silver Mines from a “hold” rating to a “strong-buy” rating in a report on Monday, November 24th. BMO Capital Markets lifted their price objective on Fortuna Silver Mines from C$15.00 to C$17.00 in a report on Friday, January 16th. Canadian Imperial Bank of Commerce raised shares of Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from C$9.00 to C$16.00 in a research note on Wednesday, February 4th. Finally, National Bank Financial upgraded Fortuna Silver Mines from a “sector perform” rating to an “outperform” rating and lifted their price objective for the stock from C$14.25 to C$15.00 in a research report on Tuesday, November 25th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of C$15.75.

Insider Transactions at Fortuna Silver Mines

In other Fortuna Silver Mines news, insider Luis Dario Ganoza Durant sold 25,000 shares of the firm’s stock in a transaction on Wednesday, November 26th. The shares were sold at an average price of C$13.75, for a total value of C$343,750.00. Following the transaction, the insider directly owned 381,412 shares of the company’s stock, valued at approximately C$5,244,415. This trade represents a 6.15% decrease in their ownership of the stock. Insiders have sold 50,000 shares of company stock worth $687,360 over the last 90 days. 0.83% of the stock is owned by corporate insiders.

About Fortuna Silver Mines

Fortuna Mining Corp., formerly Fortuna Silver Mines Inc, is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan.