Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) posted its earnings results on Monday. The basic materials company reported $0.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.05, MarketWatch Earnings reports. Fortuna Silver Mines had a return on equity of 2.96% and a net margin of 8.97%.
Shares of Fortuna Silver Mines stock traded down $0.11 during trading hours on Wednesday, reaching $6.41. 51,290 shares of the company were exchanged, compared to its average volume of 4,133,694. The firm has a market cap of $1.19 billion, a PE ratio of 50.16 and a beta of 1.12. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 1.73. Fortuna Silver Mines has a 1 year low of $3.11 and a 1 year high of $9.85. The stock’s fifty day moving average is $6.86 and its 200 day moving average is $7.22.
A number of analysts recently issued reports on FSM shares. National Bank Financial reissued a “sector perform” rating on shares of Fortuna Silver Mines in a research report on Friday, April 23rd. Zacks Investment Research downgraded shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, April 27th. CIBC lowered their price objective on shares of Fortuna Silver Mines from $11.25 to $9.50 and set a “neutral” rating for the company in a research report on Wednesday, April 28th. BMO Capital Markets lifted their target price on shares of Fortuna Silver Mines from $12.25 to $12.50 and gave the company an “outperform” rating in a report on Tuesday, April 13th. Finally, Canaccord Genuity lowered their price target on Fortuna Silver Mines from $9.00 to $8.25 and set a “hold” rating for the company in a research report on Wednesday, April 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $9.75.
Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; and the Lindero gold project located in Argentina.
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