Fortuna Silver Mines Inc Expected to Post FY2021 Earnings of $0.69 Per Share (NYSE:FSM)

Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) – Stock analysts at National Bank Financial issued their FY2021 earnings per share estimates for shares of Fortuna Silver Mines in a research note issued to investors on Tuesday, March 26th, according to Zacks Investment Research. National Bank Financial analyst D. Demarco forecasts that the basic materials company will post earnings of $0.69 per share for the year.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its earnings results on Wednesday, March 13th. The basic materials company reported $0.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. The business had revenue of $59.60 million for the quarter. Fortuna Silver Mines had a net margin of 12.92% and a return on equity of 5.78%.

Other equities analysts have also issued reports about the stock. Canaccord Genuity raised shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a report on Friday, January 4th. ValuEngine raised shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, CIBC lowered shares of Fortuna Silver Mines from a “sector outperform” rating to a “neutral” rating in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $6.25.

Shares of NYSE:FSM traded down $0.13 during trading on Thursday, reaching $3.05. 1,921,304 shares of the company were exchanged, compared to its average volume of 1,437,139. The firm has a market cap of $487.82 million, a PE ratio of 12.71 and a beta of 0.20. Fortuna Silver Mines has a 12-month low of $3.04 and a 12-month high of $5.98. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.34 and a current ratio of 3.57.

A number of hedge funds have recently modified their holdings of the stock. Deutsche Bank AG increased its holdings in Fortuna Silver Mines by 261.7% during the fourth quarter. Deutsche Bank AG now owns 2,210,977 shares of the basic materials company’s stock valued at $8,047,000 after buying an additional 1,599,642 shares during the period. American Century Companies Inc. boosted its stake in Fortuna Silver Mines by 25.1% in the fourth quarter. American Century Companies Inc. now owns 1,038,100 shares of the basic materials company’s stock valued at $3,779,000 after acquiring an additional 208,500 shares in the last quarter. Geode Capital Management LLC acquired a new stake in Fortuna Silver Mines in the fourth quarter valued at approximately $183,000. APG Asset Management N.V. boosted its stake in Fortuna Silver Mines by 95.0% in the fourth quarter. APG Asset Management N.V. now owns 326,100 shares of the basic materials company’s stock valued at $1,044,000 after acquiring an additional 158,900 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in Fortuna Silver Mines by 0.9% in the fourth quarter. Millennium Management LLC now owns 876,657 shares of the basic materials company’s stock valued at $3,191,000 after acquiring an additional 7,737 shares in the last quarter. 45.64% of the stock is currently owned by institutional investors.

About Fortuna Silver Mines

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.

Recommended Story: Investing in Blue-Chip Stocks

Get a free copy of the Zacks research report on Fortuna Silver Mines (FSM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Fortuna Silver Mines (NYSE:FSM)

Receive News & Ratings for Fortuna Silver Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Silver Mines and related companies with MarketBeat.com's FREE daily email newsletter.