Fortuna Silver Mines (TSE:FVI) Announces Earnings Results

Fortuna Silver Mines (TSE:FVIGet Free Report) (NYSE:FSM) released its earnings results on Wednesday. The company reported C$0.50 earnings per share for the quarter, FiscalAI reports. The company had revenue of C$476.14 million for the quarter. Fortuna Silver Mines had a return on equity of 20.79% and a net margin of 31.11%.

Fortuna Silver Mines Price Performance

TSE FVI opened at C$14.26 on Friday. The company has a quick ratio of 1.15, a current ratio of 3.17 and a debt-to-equity ratio of 11.81. The stock has a market capitalization of C$4.34 billion, a PE ratio of 15.84 and a beta of 2.62. The company has a 50 day moving average price of C$14.47 and a two-hundred day moving average price of C$13.85. Fortuna Silver Mines has a 12-month low of C$7.32 and a 12-month high of C$18.99.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Canadian Imperial Bank of Commerce raised shares of Fortuna Silver Mines from an “underperform” rating to a “neutral” rating and upped their price target for the stock from C$9.00 to C$16.00 in a research note on Wednesday, February 4th. BMO Capital Markets lifted their price objective on Fortuna Silver Mines from C$15.00 to C$17.00 in a research report on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of C$15.75.

Check Out Our Latest Research Report on Fortuna Silver Mines

Fortuna Silver Mines Company Profile

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Fortuna Mining Corp., formerly Fortuna Silver Mines Inc, is a Canada-based precious metals mining company with mines in the Latin America and West Africa regions. It has operated mines in Argentina, Burkina Faso, Cote d’Ivoire, Mexico, and Peru. Its mine products include gold, silver, lead, and zinc. Its mines and projects include Seguela Mine, Yaramoko Mine, Lindero Mine, San Jose Mine, and Caylloma Mine. The Seguela Mine is located in the Worodougou Region of the Woroba District, Cote d’Ivoire, approximately 500 km from Abidjan.

Further Reading

Earnings History for Fortuna Silver Mines (TSE:FVI)

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