National Bank Financial Analysts Lower Earnings Estimates for Fortuna Silver Mines (FVI)

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) – National Bank Financial reduced their FY2018 earnings estimates for shares of Fortuna Silver Mines in a note issued to investors on Wednesday, May 9th, Zacks Investment Research reports. National Bank Financial analyst S. Nagle now forecasts that the company will earn $0.27 per share for the year, down from their prior forecast of $0.34. National Bank Financial currently has a “Sector Perform Overweight” rating on the stock. National Bank Financial also issued estimates for Fortuna Silver Mines’ FY2019 earnings at $0.35 EPS and FY2020 earnings at $0.73 EPS.

Fortuna Silver Mines (TSE:FVI) (NYSE:FSM) last released its quarterly earnings results on Thursday, March 15th. The company reported C$0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of C$0.09 by C$0.01. Fortuna Silver Mines had a return on equity of 7.87% and a net margin of 16.04%. The firm had revenue of C$95.71 million during the quarter, compared to analysts’ expectations of C$76.20 million.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets raised their price target on Fortuna Silver Mines from C$8.50 to C$8.75 in a report on Thursday, May 10th. CIBC dropped their price target on Fortuna Silver Mines from C$7.50 to C$5.50 in a report on Tuesday, April 17th.

FVI stock opened at C$7.08 on Friday. Fortuna Silver Mines has a fifty-two week low of C$5.13 and a fifty-two week high of C$7.63.

About Fortuna Silver Mines

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. It explores for silver, gold, lead, and zinc deposits. The company holds interests in the Caylloma mine located in southern Peru; and the San Jose mine situated in the state of Oaxaca in southern Mexico.

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