Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) released its quarterly earnings results on Wednesday. The basic materials company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.09), Zacks reports. Fortuna Silver Mines had a return on equity of 10.08% and a net margin of 2.45%.
Fortuna Silver Mines Price Performance
FSM opened at $4.48 on Thursday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.94 and a quick ratio of 1.37. The stock’s 50 day simple moving average is $4.63 and its 200 day simple moving average is $4.71. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 55.94 and a beta of 1.56. Fortuna Silver Mines has a 1 year low of $2.93 and a 1 year high of $6.36.
Analysts Set New Price Targets
A number of research firms recently commented on FSM. CIBC cut Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research note on Tuesday, February 18th. Scotiabank reduced their price objective on Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating on the stock in a research report on Wednesday, January 15th. Finally, Cibc World Mkts cut Fortuna Silver Mines from a “hold” rating to a “strong sell” rating in a report on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, one has given a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $6.00.
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.
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