Fortuna Silver Mines (FVI) to Release Quarterly Earnings on Tuesday

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) is scheduled to be announcing its earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of C$0.04 per share for the quarter.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last announced its earnings results on Wednesday, March 6th. The company reported C$0.10 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.01). The company had revenue of C$361.23 million for the quarter. Fortuna Silver Mines had a negative net margin of 6.03% and a negative return on equity of 3.39%.

Fortuna Silver Mines Stock Performance

Fortuna Silver Mines stock opened at C$6.29 on Monday. Fortuna Silver Mines has a fifty-two week low of C$3.56 and a fifty-two week high of C$6.80. The stock has a market cap of C$1.92 billion, a price-to-earnings ratio of -27.35 and a beta of 1.66. The stock’s 50 day simple moving average is C$5.34 and its two-hundred day simple moving average is C$4.83. The company has a debt-to-equity ratio of 20.51, a quick ratio of 1.15 and a current ratio of 1.37.

Insider Activity

In related news, Senior Officer Eric Chapman sold 48,900 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of C$6.41, for a total value of C$313,375.65. In related news, Senior Officer Eric Chapman sold 48,900 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of C$6.41, for a total transaction of C$313,375.65. Also, Senior Officer David Whittle sold 5,421 shares of the company’s stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of C$4.91, for a total value of C$26,617.11. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

FVI has been the subject of a number of research reports. BMO Capital Markets decreased their price objective on Fortuna Silver Mines from C$7.00 to C$6.50 in a report on Friday, March 8th. National Bankshares decreased their price target on shares of Fortuna Silver Mines from C$7.75 to C$7.50 in a research note on Friday, April 19th. CIBC lifted their price target on shares of Fortuna Silver Mines from C$7.00 to C$8.00 in a research report on Monday, April 15th. Finally, Canaccord Genuity Group upped their price objective on shares of Fortuna Silver Mines from C$6.00 to C$7.50 in a report on Tuesday, April 23rd.

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.