Fortuna Silver Mines (TSE:FVI) Releases Earnings Results

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) issued its quarterly earnings data on Wednesday. The company reported C$0.50 earnings per share (EPS) for the quarter, FiscalAI reports. Fortuna Silver Mines had a net margin of 27.64% and a return on equity of 18.47%. The company had revenue of C$476.14 million during the quarter.

Fortuna Silver Mines Trading Up 7.0%

Fortuna Silver Mines stock opened at C$13.46 on Thursday. The company has a market cap of C$4.10 billion, a price-to-earnings ratio of 14.96 and a beta of 2.62. The firm has a 50-day moving average of C$14.56 and a 200-day moving average of C$13.84. The company has a debt-to-equity ratio of 15.92, a current ratio of 2.98 and a quick ratio of 1.15. Fortuna Silver Mines has a one year low of C$7.32 and a one year high of C$18.99.

Analysts Set New Price Targets

Several equities research analysts have commented on FVI shares. BMO Capital Markets boosted their target price on Fortuna Silver Mines from C$15.00 to C$17.00 in a research note on Friday, January 16th. Canadian Imperial Bank of Commerce raised shares of Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and raised their price target for the stock from C$9.00 to C$16.00 in a research note on Wednesday, February 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$15.75.

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.