Fortuna Silver Mines (FSM) to Release Quarterly Earnings on Wednesday

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) is anticipated to release its earnings data after the market closes on Wednesday, March 5th. Analysts expect Fortuna Silver Mines to post earnings of $0.20 per share and revenue of $301.65 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Fortuna Silver Mines Trading Down 0.7 %

NYSE:FSM opened at $4.29 on Tuesday. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 53.63 and a beta of 1.56. Fortuna Silver Mines has a 52 week low of $2.93 and a 52 week high of $6.36. The company has a quick ratio of 1.37, a current ratio of 1.94 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $4.63 and a 200 day moving average of $4.71.

Analyst Ratings Changes

FSM has been the subject of several analyst reports. CIBC lowered Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a report on Tuesday, February 18th. Scotiabank reduced their target price 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 downgraded 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 issued a hold rating and one has issued a buy rating to the stock. According to MarketBeat, Fortuna Silver Mines currently has an average rating of “Hold” and a consensus target price 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.