Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) issued its quarterly earnings results on Monday. The basic materials company reported $0.06 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.02, Briefing.com reports. The firm had revenue of $63.90 million for the quarter, compared to analyst estimates of $58 million. Fortuna Silver Mines had a net margin of 12.88% and a return on equity of 9.58%. The business’s revenue for the quarter was up 43.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.01) EPS.

Shares of Fortuna Silver Mines (FSM) traded up 0.45% during midday trading on Monday, hitting $4.49. 835,164 shares of the stock were exchanged. Fortuna Silver Mines has a 1-year low of $4.11 and a 1-year high of $9.55. The company has a market capitalization of $714.91 million, a P/E ratio of 23.39 and a beta of 0.27. The firm has a 50-day moving average of $4.74 and a 200-day moving average of $5.08.

A number of large investors have recently made changes to their positions in FSM. BlueCrest Capital Management Ltd acquired a new stake in shares of Fortuna Silver Mines during the second quarter valued at $147,000. Royal Bank of Canada boosted its stake in shares of Fortuna Silver Mines by 208.4% in the second quarter. Royal Bank of Canada now owns 79,724 shares of the basic materials company’s stock valued at $389,000 after buying an additional 53,876 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Fortuna Silver Mines by 318.6% in the second quarter. Goldman Sachs Group Inc. now owns 656,325 shares of the basic materials company’s stock valued at $3,210,000 after buying an additional 499,544 shares in the last quarter. Parallax Volatility Advisers L.P. boosted its stake in shares of Fortuna Silver Mines by 28.6% in the second quarter. Parallax Volatility Advisers L.P. now owns 226,032 shares of the basic materials company’s stock valued at $1,105,000 after buying an additional 50,298 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its stake in shares of Fortuna Silver Mines by 392.5% in the second quarter. Hillsdale Investment Management Inc. now owns 792,900 shares of the basic materials company’s stock valued at $3,885,000 after buying an additional 631,900 shares in the last quarter. Institutional investors own 51.27% of the company’s stock.

WARNING: This story was first reported by Watch List News and is the sole property of of Watch List News. If you are reading this story on another domain, it was stolen and reposted in violation of United States & international copyright law. The original version of this story can be accessed at https://www.watchlistnews.com/fortuna-silver-mines-inc-nysefsm-announces-earnings-results/1488099.html.

A number of equities research analysts have recently issued reports on FSM shares. BidaskClub cut shares of Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. ValuEngine cut shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, May 17th. National Bank Financial reaffirmed an “outperform” rating on shares of Fortuna Silver Mines in a research note on Monday, May 15th. Zacks Investment Research raised shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research note on Tuesday, July 25th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $9.00 price objective on shares of Fortuna Silver Mines in a research note on Wednesday, April 19th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. Fortuna Silver Mines presently has an average rating of “Buy” and an average target price of $7.83.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.

Earnings History for Fortuna Silver Mines (NYSE:FSM)

Receive News & Ratings for Fortuna Silver Mines Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Silver Mines Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.