National Bank Financial Weighs in on Fortuna Silver Mines Inc’s FY2019 Earnings (NYSE:FSM)

Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) – Research analysts at National Bank Financial raised their FY2019 earnings estimates for shares of Fortuna Silver Mines in a research note issued to investors on Sunday, August 18th. National Bank Financial analyst D. Demarco now forecasts that the basic materials company will earn $0.16 per share for the year, up from their previous estimate of $0.14. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2021 earnings at $0.54 EPS.

Several other research analysts have also recently commented on FSM. ValuEngine cut Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. Canaccord Genuity cut Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Zacks Investment Research cut Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $4.50.

Shares of NYSE FSM opened at $3.75 on Wednesday. The stock has a 50 day moving average price of $3.64 and a 200 day moving average price of $3.31. Fortuna Silver Mines has a 52 week low of $2.39 and a 52 week high of $4.74. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.47 and a current ratio of 1.66. The stock has a market capitalization of $601.09 million, a PE ratio of 15.63 and a beta of 0.35.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its stake in Fortuna Silver Mines by 29.9% in the second quarter. Renaissance Technologies LLC now owns 8,748,331 shares of the basic materials company’s stock valued at $24,933,000 after buying an additional 2,015,500 shares during the period. Morgan Stanley raised its stake in Fortuna Silver Mines by 86.3% in the second quarter. Morgan Stanley now owns 5,960,860 shares of the basic materials company’s stock valued at $16,988,000 after buying an additional 2,761,876 shares during the period. Ingalls & Snyder LLC raised its stake in Fortuna Silver Mines by 13.5% in the second quarter. Ingalls & Snyder LLC now owns 3,060,550 shares of the basic materials company’s stock valued at $8,723,000 after buying an additional 364,750 shares during the period. Sprott Inc. raised its stake in Fortuna Silver Mines by 57.0% in the second quarter. Sprott Inc. now owns 2,624,164 shares of the basic materials company’s stock valued at $9,464,000 after buying an additional 953,126 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Fortuna Silver Mines by 2,524.1% in the second quarter. JPMorgan Chase & Co. now owns 1,403,156 shares of the basic materials company’s stock valued at $4,055,000 after buying an additional 1,349,685 shares during the period. 36.19% of the stock is owned by hedge funds and other institutional investors.

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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