Fortuna Silver Mines (FSM) Set to Announce Quarterly Earnings on Wednesday

Posted by Maria Luz-Campos on Nov 4th, 2024

Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) is set to issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last announced its earnings results on Wednesday, August 7th. The basic materials company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.03). Fortuna Silver Mines had a net margin of 0.20% and a return on equity of 8.75%. The company had revenue of $259.97 million during the quarter. On average, analysts expect Fortuna Silver Mines to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Fortuna Silver Mines Stock Down 1.4 %

FSM stock opened at $4.90 on Monday. The firm’s 50-day moving average is $4.77 and its two-hundred day moving average is $4.93. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 490.49 and a beta of 1.58. Fortuna Silver Mines has a 52 week low of $2.63 and a 52 week high of $6.36. The company has a current ratio of 1.51, a quick ratio of 1.00 and a debt-to-equity ratio of 0.12.

Analysts Set New Price Targets

Separately, Scotiabank upped their target price on Fortuna Silver Mines from $6.00 to $6.50 and gave the stock a “sector perform” rating in a research report on Monday, August 19th.

View Our Latest Research Report on Fortuna Silver Mines

Fortuna Silver Mines Company Profile

(Get Free Report)

Fortuna Mining Corp. engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d’Ivoire.