Fortuna Silver Mines (NYSE:FSM) Announces Earnings Results, Hits Estimates

Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) released its earnings results on Wednesday. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.02, Yahoo Finance reports. The firm had revenue of $164.70 million for the quarter, compared to analyst estimates of $152.00 million. Fortuna Silver Mines had a return on equity of 4.63% and a net margin of 5.76%. During the same period in the previous year, the company earned $0.10 earnings per share.

Fortuna Silver Mines Trading Up 7.1 %

Shares of NYSE FSM opened at $3.45 on Friday. Fortuna Silver Mines has a one year low of $2.05 and a one year high of $4.56. The firm has a market capitalization of $1.00 billion, a PE ratio of -8.02 and a beta of 1.25. The company has a current ratio of 1.93, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The business has a 50-day moving average price of $3.54 and a two-hundred day moving average price of $3.23.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. National Bank Financial dropped their price target on Fortuna Silver Mines from C$6.00 to C$5.75 in a research note on Tuesday, February 14th. StockNews.com assumed coverage on Fortuna Silver Mines in a research note on Thursday. They issued a “sell” rating on the stock. CIBC lifted their price target on Fortuna Silver Mines from C$5.85 to C$6.00 in a research note on Tuesday, February 7th. Finally, BMO Capital Markets dropped their price target on Fortuna Silver Mines from C$6.50 to C$6.25 in a research note on Tuesday, January 31st.

Institutional Investors Weigh In On Fortuna Silver Mines

Institutional investors have recently made changes to their positions in the company. Citigroup Inc. acquired a new stake in shares of Fortuna Silver Mines during the 1st quarter valued at about $38,000. Northern Trust Corp acquired a new stake in Fortuna Silver Mines in the 2nd quarter worth approximately $28,000. First Trust Advisors LP acquired a new stake in Fortuna Silver Mines in the 3rd quarter worth approximately $26,000. Creative Planning acquired a new stake in Fortuna Silver Mines in the 4th quarter worth approximately $41,000. Finally, Advisor Group Holdings Inc. lifted its holdings in Fortuna Silver Mines by 44.1% in the 4th quarter. Advisor Group Holdings Inc. now owns 11,465 shares of the basic materials company’s stock worth $44,000 after purchasing an additional 3,510 shares during the last quarter. 26.79% of the stock is currently owned by institutional investors and hedge funds.

About Fortuna Silver Mines

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Fortuna Silver Mines, Inc engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de C.V. (Cuzcatian), Mansfield Minera SA (Mansfield), and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine.