Fortuna Silver Mines Inc to Post FY2021 Earnings of $0.57 Per Share, National Bank Financial Forecasts (FSM)

Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) – Stock analysts at National Bank Financial reduced their FY2021 earnings per share estimates for Fortuna Silver Mines in a report issued on Monday, May 20th. National Bank Financial analyst D. Demarco now expects that the basic materials company will earn $0.57 per share for the year, down from their previous estimate of $0.69.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings data on Tuesday, May 14th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The firm had revenue of $59.00 million for the quarter, compared to analysts’ expectations of $62.60 million. Fortuna Silver Mines had a net margin of 8.90% and a return on equity of 4.94%. The company’s revenue for the quarter was down 16.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 EPS.

A number of other analysts have also issued reports on the stock. Canaccord Genuity lowered shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, February 20th. CIBC lowered shares of Fortuna Silver Mines from a “sector outperform” rating to a “neutral” rating in a research note on Tuesday, March 5th. Zacks Investment Research lowered shares of Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research note on Wednesday, February 13th. Finally, ValuEngine lowered shares of Fortuna Silver Mines from a “sell” rating to a “strong sell” rating in a research note on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Fortuna Silver Mines has a consensus rating of “Hold” and a consensus target price of $6.25.

FSM opened at $2.57 on Wednesday. The company has a market cap of $414.87 million, a PE ratio of 10.71 and a beta of 0.15. Fortuna Silver Mines has a 52-week low of $2.53 and a 52-week high of $5.94. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.34 and a current ratio of 2.71.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC acquired a new stake in shares of Fortuna Silver Mines during the first quarter worth approximately $64,000. ARP Americas LP acquired a new stake in shares of Fortuna Silver Mines during the fourth quarter worth approximately $69,000. PNC Financial Services Group Inc. acquired a new stake in shares of Fortuna Silver Mines during the fourth quarter worth approximately $72,000. Wells Fargo & Company MN grew its position in shares of Fortuna Silver Mines by 3,962.3% during the third quarter. Wells Fargo & Company MN now owns 23,683 shares of the basic materials company’s stock worth $103,000 after buying an additional 23,100 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of Fortuna Silver Mines by 247.6% during the first quarter. Raymond James & Associates now owns 37,065 shares of the basic materials company’s stock worth $124,000 after buying an additional 26,402 shares in the last quarter. Institutional investors own 45.01% of the company’s stock.

Fortuna Silver Mines Company Profile

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 (NYSE:FSM)

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