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

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

Fortuna Silver Mines Stock Performance

Shares of FSM opened at $4.37 on Wednesday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 54.57 and a beta of 1.56. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.37 and a current ratio of 1.94. Fortuna Silver Mines has a 1 year low of $2.63 and a 1 year high of $6.36. The company’s 50 day simple moving average is $4.63 and its 200 day simple moving average is $4.71.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Scotiabank dropped their price target on Fortuna Silver Mines from $6.75 to $6.00 and set a “sector perform” rating for the company in a research note on Wednesday, January 15th. CIBC downgraded shares of Fortuna Silver Mines from a “neutral” rating to a “sector underperform” rating in a research report on Tuesday, February 18th. Finally, Cibc World Mkts lowered shares of 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 assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.