Fortuna Silver Mines Inc. (FSM) Set to Announce Quarterly Earnings on Wednesday
Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) will be issuing its quarterly earnings data after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.07 per share for the quarter.
Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings results on Monday, August 14th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Fortuna Silver Mines had a return on equity of 9.08% and a net margin of 15.97%. The business had revenue of $63.90 million for the quarter, compared to the consensus estimate of $58.00 million. During the same period last year, the business posted ($0.01) EPS. The business’s revenue was up 43.6% compared to the same quarter last year. On average, analysts expect Fortuna Silver Mines to post $0.29 EPS for the current fiscal year and $0.3 EPS for the next fiscal year.
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Several brokerages have recently issued reports on FSM. Scotiabank reduced their price objective on Fortuna Silver Mines from $7.00 to $6.00 and set a “sector perform” rating on the stock in a research note on Friday, October 6th. Zacks Investment Research raised Fortuna Silver Mines from a “sell” rating to a “hold” rating and set a $5.25 target price on the stock in a report on Friday, September 22nd. Canaccord Genuity started coverage on Fortuna Silver Mines in a report on Thursday, September 7th. They issued a “buy” rating on the stock. Finally, BidaskClub lowered Fortuna Silver Mines from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company. Fortuna Silver Mines currently has an average rating of “Buy” and an average target price of $6.75.
About Fortuna Silver Mines
Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.
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