Fortuna Silver Mines Inc. engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire. The company was formerly known as Fortuna Ventures Inc. and changed its name to Fortuna Silver Mines Inc. in June 2005. Fortuna Silver Mines Inc. was incorporated in 1990 and is based in Vancouver, Canada.
Fortuna Silver Mines Stock Down 1.0 %
NYSE:FSM traded down $0.03 during mid-day trading on Friday, reaching $2.85. The stock had a trading volume of 4,103,081 shares, compared to its average volume of 5,130,686. Fortuna Silver Mines has a 1 year low of $2.41 and a 1 year high of $5.52. The stock has a market cap of $832.14 million, a PE ratio of 12.96 and a beta of 1.24. The company has a fifty day moving average price of $2.97 and a 200 day moving average price of $3.46. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.07 and a quick ratio of 1.44.
Fortuna Silver Mines (NYSE:FSM - Get Rating) (TSE:FVI) last announced its earnings results on Wednesday, May 11th. The basic materials company reported $0.11 earnings per share for the quarter, beating analysts' consensus estimates of $0.09 by $0.02. The business had revenue of $182.33 million during the quarter. Fortuna Silver Mines had a net margin of 8.79% and a return on equity of 8.40%. On average, research analysts expect that Fortuna Silver Mines will post 0.25 earnings per share for the current year.
Analyst Ratings Changes
Several research firms have recently issued reports on FSM. BMO Capital Markets lowered their target price on shares of Fortuna Silver Mines from C$7.00 to C$6.75 in a report on Thursday, May 12th. Pi Financial upgraded shares of Fortuna Silver Mines from a "neutral" rating to a "buy" rating in a report on Monday, June 6th. Finally, National Bank Financial decreased their price objective on shares of Fortuna Silver Mines from C$6.50 to C$4.50 in a report on Thursday, July 21st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $6.19.