Fortuna Silver Mines (NYSE:FSM) Announces Quarterly Earnings Results

Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) issued its quarterly earnings results on Wednesday. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02, Yahoo Finance reports. Fortuna Silver Mines had a return on equity of 4.63% and a net margin of 5.76%. The business had revenue of $164.70 million for the quarter, compared to the consensus estimate of $152.00 million. During the same period in the prior year, the firm posted $0.10 earnings per share.

Fortuna Silver Mines Stock Down 5.6 %

Fortuna Silver Mines stock opened at $3.22 on Friday. The business’s 50-day simple moving average is $3.54 and its two-hundred day simple moving average is $3.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.93. The company has a market cap of $934.67 million, a PE ratio of 23.00 and a beta of 1.25. Fortuna Silver Mines has a fifty-two week low of $2.05 and a fifty-two week high of $4.56.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of FSM. Atria Wealth Solutions Inc. acquired a new position in Fortuna Silver Mines in the 1st quarter worth approximately $78,000. ExodusPoint Capital Management LP acquired a new stake in shares of Fortuna Silver Mines in the fourth quarter worth $70,000. JPMorgan Chase & Co. purchased a new position in shares of Fortuna Silver Mines during the fourth quarter worth $65,000. B. Riley Wealth Advisors Inc. acquired a new position in Fortuna Silver Mines during the fourth quarter valued at $57,000. Finally, Coppell Advisory Solutions Corp. purchased a new stake in Fortuna Silver Mines in the fourth quarter valued at $52,000. 26.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on FSM shares. CIBC increased their price target on Fortuna Silver Mines from C$5.85 to C$6.00 in a research note on Tuesday, February 7th. StockNews.com initiated coverage on shares of Fortuna Silver Mines in a research report on Thursday. They issued a “sell” rating for the company. BMO Capital Markets dropped their target price on shares of Fortuna Silver Mines from C$6.50 to C$6.25 in a research report on Tuesday, January 31st. Finally, National Bank Financial cut their price target on shares of Fortuna Silver Mines from C$6.00 to C$5.75 in a research note on Tuesday, February 14th.

About Fortuna Silver Mines

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Fortuna Silver Mines, Inc engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de C.V. (Cuzcatian), Mansfield Minera SA (Mansfield), and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine.