Fortuna Silver Mines (NYSE:FSM) Posts Quarterly Earnings Results, Misses Estimates By $0.09 EPS

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) announced its quarterly earnings data on Wednesday. The basic materials company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.09), Zacks reports. Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%.

Fortuna Silver Mines Price Performance

Shares of FSM traded up $0.20 during midday trading on Wednesday, hitting $4.48. 19,391,972 shares of the company traded hands, compared to its average volume of 14,025,409. Fortuna Silver Mines has a one year low of $2.93 and a one year high of $6.36. The firm has a market cap of $1.37 billion, a P/E ratio of 55.94 and a beta of 1.56. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37. The stock has a 50-day moving average of $4.63 and a 200-day moving average of $4.71.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on FSM shares. CIBC lowered shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research report on Tuesday, February 18th. Cibc World Mkts cut shares of Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 18th. Finally, Scotiabank reduced their price objective 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. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $6.00.

About Fortuna Silver Mines

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.