Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) – Investment analysts at National Bank Financial decreased their FY2018 EPS estimates for Fortuna Silver Mines in a research note issued to investors on Wednesday, May 9th, according to Zacks Investment Research. National Bank Financial analyst S. Nagle now forecasts that the basic materials company will earn $0.21 per share for the year, down from their prior estimate of $0.27. National Bank Financial has a “Sector Perform Overweight” rating on the stock. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2020 earnings at $0.57 EPS.
Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its earnings results on Wednesday, May 9th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.09. The business had revenue of $70.40 million for the quarter, compared to analyst estimates of $63.00 million. Fortuna Silver Mines had a net margin of 24.53% and a return on equity of 8.71%. Fortuna Silver Mines’s revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.08 earnings per share.
Several other brokerages have also issued reports on FSM. ValuEngine raised shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research note on Thursday, April 19th. Zacks Investment Research downgraded shares of Fortuna Silver Mines from a “buy” rating to a “sell” rating in a report on Thursday, April 12th. Finally, TheStreet upgraded shares of Fortuna Silver Mines from a “c+” rating to a “b” rating in a report on Wednesday, March 21st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $5.88.
Shares of NYSE FSM opened at $5.50 on Friday. The firm has a market cap of $878.00 million, a P/E ratio of 17.74 and a beta of -0.01. Fortuna Silver Mines has a 12-month low of $4.03 and a 12-month high of $6.08. The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.02 and a current ratio of 5.39.
Several hedge funds have recently made changes to their positions in the company. CIBC World Markets Inc. raised its holdings in shares of Fortuna Silver Mines by 58.4% in the first quarter. CIBC World Markets Inc. now owns 148,750 shares of the basic materials company’s stock valued at $775,000 after purchasing an additional 54,847 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Fortuna Silver Mines by 3,239.6% in the first quarter. Royal Bank of Canada now owns 1,418,531 shares of the basic materials company’s stock valued at $7,391,000 after purchasing an additional 1,376,055 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Fortuna Silver Mines by 398.1% in the first quarter. Millennium Management LLC now owns 843,649 shares of the basic materials company’s stock valued at $4,395,000 after purchasing an additional 674,261 shares during the last quarter. Guggenheim Capital LLC raised its holdings in shares of Fortuna Silver Mines by 88.1% in the first quarter. Guggenheim Capital LLC now owns 394,059 shares of the basic materials company’s stock valued at $2,053,000 after purchasing an additional 184,531 shares during the last quarter. Finally, Prince Street Capital Management LLC purchased a new stake in shares of Fortuna Silver Mines in the first quarter valued at about $985,000. Institutional investors own 39.73% of the company’s stock.
Fortuna Silver Mines Company Profile
Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. It explores for silver, gold, lead, and zinc deposits. The company holds interests in the Caylloma mine located in southern Peru; and the San Jose mine situated in the state of Oaxaca in southern Mexico.
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