Fortuna Silver Mines (FSM) Issues Earnings Results

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) issued its quarterly earnings results on Thursday. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.04, MarketWatch Earnings reports. Fortuna Silver Mines had a return on equity of 8.57% and a net margin of 24.48%.

NYSE:FSM traded down $0.13 during mid-day trading on Friday, reaching $3.56. The company’s stock had a trading volume of 1,108,100 shares, compared to its average volume of 848,055. The company has a current ratio of 5.10, a quick ratio of 4.75 and a debt-to-equity ratio of 0.07. Fortuna Silver Mines has a twelve month low of $3.45 and a twelve month high of $6.08. The firm has a market cap of $599.70 million, a price-to-earnings ratio of 11.48 and a beta of 0.24.

A number of brokerages have issued reports on FSM. ValuEngine lowered Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Zacks Investment Research raised Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research note on Monday, October 8th. Finally, TheStreet lowered Fortuna Silver Mines from a “b” rating to a “c+” rating in a research note on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $6.25.

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Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. It explores for silver, gold, lead, and zinc deposits. The company holds interests in the Caylloma mine located in southern Peru; and the San Jose mine situated in the state of Oaxaca in southern Mexico.

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Earnings History for Fortuna Silver Mines (NYSE:FSM)

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