Fortuna Silver Mines (FSM) Set to Announce Earnings on Wednesday

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) is set to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Fortuna Silver Mines to post earnings of $0.16 per share for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.03). The firm had revenue of $259.97 million for the quarter. Fortuna Silver Mines had a return on equity of 8.75% and a net margin of 0.20%. On average, analysts expect Fortuna Silver Mines to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Fortuna Silver Mines Stock Performance

NYSE FSM opened at $4.80 on Tuesday. The business’s 50-day simple moving average is $4.77 and its 200-day simple moving average is $4.93. The firm has a market capitalization of $1.50 billion, a P/E ratio of 480.48 and a beta of 1.58. Fortuna Silver Mines has a 1-year low of $2.63 and a 1-year high of $6.36. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.51 and a quick ratio of 1.00.

Analyst Ratings Changes

Separately, Scotiabank increased their price objective on shares of Fortuna Silver Mines from $6.00 to $6.50 and gave the stock a “sector perform” rating in a research report on Monday, August 19th.

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.