Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) announced its quarterly earnings data on Tuesday. The basic materials company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.01), Fidelity Earnings reports. Fortuna Silver Mines had a net margin of 12.92% and a return on equity of 5.78%. The company had revenue of $59.00 million for the quarter, compared to analysts’ expectations of $62.60 million. During the same period in the previous year, the firm posted $0.09 earnings per share. The business’s revenue for the quarter was down 16.2% on a year-over-year basis.
FSM traded down $0.17 on Wednesday, reaching $2.70. 79,750 shares of the company traded hands, compared to its average volume of 1,072,543. Fortuna Silver Mines has a 52-week low of $2.82 and a 52-week high of $5.94. The company has a market capitalization of $436.64 million, a PE ratio of 11.38 and a beta of 0.15. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.34 and a current ratio of 3.57.
An institutional investor recently bought a new position in Fortuna Silver Mines stock. Geode Capital Management LLC bought a new position in Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 50,092 shares of the basic materials company’s stock, valued at approximately $183,000. 45.01% of the stock is currently owned by institutional investors and hedge funds.
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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