Fortuna Silver Mines Inc Expected to Post Q1 2019 Earnings of $0.04 Per Share (TSE:FVI)

Fortuna Silver Mines Inc (TSE:FVI) (NYSE:FSM) – Analysts at National Bank Financial issued their Q1 2019 earnings estimates for Fortuna Silver Mines in a research note issued on Wednesday, April 17th, Zacks Investment Research reports. National Bank Financial analyst D. Demarco forecasts that the company will post earnings of $0.04 per share for the quarter. National Bank Financial has a “Sector Perform” rating and a $7.00 price objective on the stock. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2019 earnings at $0.15 EPS.

Several other brokerages have also recently weighed in on FVI. Canaccord Genuity lowered their price objective on shares of Fortuna Silver Mines from C$8.25 to C$5.50 in a research note on Wednesday, February 20th. BMO Capital Markets set a C$7.50 price objective on shares of Fortuna Silver Mines and gave the stock an “outperform” rating in a research note on Thursday, February 21st. Finally, CIBC cut shares of Fortuna Silver Mines from an “outperform” rating to a “neutral” rating in a research note on Tuesday, March 5th.

FVI traded down C$0.02 during midday trading on Friday, hitting C$3.83. 305,400 shares of the company traded hands, compared to its average volume of 381,202. Fortuna Silver Mines has a 52 week low of C$3.79 and a 52 week high of C$7.78. The company has a debt-to-equity ratio of 12.99, a quick ratio of 3.15 and a current ratio of 3.57. The stock has a market capitalization of $612.57 million and a P/E ratio of 18.24.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last posted its earnings results on Wednesday, March 13th. The company reported C$0.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.01 by C$0.02. The company had revenue of C$78.78 million for the quarter.

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.

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Earnings History and Estimates for Fortuna Silver Mines (TSE:FVI)

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