Fortuna Silver Mines (FSM) to Release Earnings on Tuesday

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.03 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings data on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Fortuna Silver Mines had a positive return on equity of 5.03% and a negative net margin of 5.99%. The business had revenue of $265.31 million during the quarter. 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

Shares of NYSE:FSM opened at $4.59 on Monday. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. Fortuna Silver Mines has a 12-month low of $2.58 and a 12-month high of $4.94. The company’s 50 day moving average price is $3.92 and its two-hundred day moving average price is $3.56. The firm has a market cap of $1.40 billion, a PE ratio of -28.69 and a beta of 1.57.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com cut Fortuna Silver Mines from a “buy” rating to a “hold” rating in a report on Monday, April 15th. TheStreet cut shares of Fortuna Silver Mines from a “c-” rating to a “d” rating in a research report on Thursday, March 7th. Finally, Scotiabank raised their target price on Fortuna Silver Mines from $4.00 to $4.75 and gave the company a “sector perform” rating in a report on Monday, April 8th.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc 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.