Fortuna Silver Mines (FVI) Set to Announce Quarterly Earnings on Tuesday

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

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

Fortuna Silver Mines Price Performance

Shares of TSE:FVI opened at C$6.29 on Friday. Fortuna Silver Mines has a 52 week low of C$3.56 and a 52 week high of C$6.80. The company has a 50-day moving average price of C$5.34 and a 200 day moving average price of C$4.82. The company has a market cap of C$1.92 billion, a P/E ratio of -27.35 and a beta of 1.66. The company has a quick ratio of 1.15, a current ratio of 1.37 and a debt-to-equity ratio of 20.51.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. National Bankshares reduced their price target on Fortuna Silver Mines from C$7.75 to C$7.50 in a report on Friday, April 19th. Canaccord Genuity Group upped their price target on shares of Fortuna Silver Mines from C$6.00 to C$7.50 in a research note on Tuesday, April 23rd. BMO Capital Markets reduced their price objective on shares of Fortuna Silver Mines from C$7.00 to C$6.50 in a research note on Friday, March 8th. Finally, CIBC upped their target price on shares of Fortuna Silver Mines from C$7.00 to C$8.00 in a research report on Monday, April 15th.

Insider Transactions at Fortuna Silver Mines

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

About Fortuna Silver Mines

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.