Fortuna Silver Mines (NYSE:FSM) Announces Earnings Results

Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) released its earnings results on Wednesday. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.02, Yahoo Finance reports. Fortuna Silver Mines had a return on equity of 4.63% and a net margin of 5.76%. During the same period in the previous year, the firm earned $0.10 EPS.

Fortuna Silver Mines Price Performance

Fortuna Silver Mines stock opened at $3.22 on Friday. The stock’s 50 day moving average is $3.54 and its 200 day moving average is $3.23. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.93 and a quick ratio of 1.29. The firm has a market cap of $934.67 million, a P/E ratio of 23.00 and a beta of 1.25. Fortuna Silver Mines has a one year low of $2.05 and a one year high of $4.56.

Hedge Funds Weigh In On Fortuna Silver Mines

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Fortuna Silver Mines by 15.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,090,550 shares of the basic materials company’s stock worth $11,588,000 after acquiring an additional 419,254 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Fortuna Silver Mines by 446.2% in the second quarter. Renaissance Technologies LLC now owns 1,854,900 shares of the basic materials company’s stock worth $5,268,000 after acquiring an additional 1,515,300 shares during the period. Deutsche Bank AG lifted its stake in shares of Fortuna Silver Mines by 176.3% in the fourth quarter. Deutsche Bank AG now owns 1,143,695 shares of the basic materials company’s stock worth $4,289,000 after acquiring an additional 729,773 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Fortuna Silver Mines by 64.0% in the second quarter. Wells Fargo & Company MN now owns 1,080,165 shares of the basic materials company’s stock worth $3,068,000 after acquiring an additional 421,653 shares during the period. Finally, Amundi lifted its stake in shares of Fortuna Silver Mines by 914.8% in the fourth quarter. Amundi now owns 1,014,789 shares of the basic materials company’s stock worth $3,684,000 after acquiring an additional 914,789 shares during the period. 26.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on FSM shares. BMO Capital Markets cut their price target on Fortuna Silver Mines from C$6.50 to C$6.25 in a research note on Tuesday, January 31st. CIBC lifted their price target on Fortuna Silver Mines from C$5.85 to C$6.00 in a research note on Tuesday, February 7th. StockNews.com started coverage on Fortuna Silver Mines in a research note on Thursday. They set a “sell” rating on the stock. Finally, National Bank Financial cut their price target on Fortuna Silver Mines from C$6.00 to C$5.75 in a research note on Tuesday, February 14th.

Fortuna Silver Mines Company Profile

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Fortuna Silver Mines, Inc engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de C.V. (Cuzcatian), Mansfield Minera SA (Mansfield), and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine.