$0.04 EPS Expected for Fortuna Silver Mines Inc (FSM)

October 28, 2017 – By Ellis Scott

Investors sentiment decreased to 1.54 in 2017 Q2. Its down 0.70, from 2.24 in 2017Q1. It dropped, as 10 investors sold Fortuna Silver Mines Inc shares while 27 reduced holdings. 21 funds opened positions while 36 raised stakes. 62.46 million shares or 12.89% less from 71.70 million shares in 2017Q1 were reported.
Shell Asset Mgmt has 0% invested in Fortuna Silver Mines Inc (NYSE:FSM). Jane Street Grp Inc Lc invested in 137,932 shares. The California-based Eqis Mngmt has invested 0.01% in Fortuna Silver Mines Inc (NYSE:FSM). Pacad Ltd, a British Columbia – Canada-based fund reported 13,290 shares. The New York-based Gabelli Funds Ltd Limited Liability Company has invested 0.02% in Fortuna Silver Mines Inc (NYSE:FSM). D E Shaw And Communication accumulated 1.56 million shares. Art Limited Liability Corporation invested in 0.02% or 95,102 shares. Legal & General Plc owns 1,584 shares. Moreover, Cipher L P has 0.12% invested in Fortuna Silver Mines Inc (NYSE:FSM) for 306,562 shares. Exane Derivatives stated it has 23,000 shares. Rathbone Brothers Public Ltd Com holds 0% or 11,000 shares. Guggenheim Cap Ltd Liability Co reported 0% in Fortuna Silver Mines Inc (NYSE:FSM). Blackrock Inc owns 8,287 shares. 15,048 were accumulated by Peak6 L P. Parallax Volatility Advisers Lp owns 226,032 shares.

Investors wait Fortuna Silver Mines Inc (NYSE:FSM) to report on November, 6. its quarterly earnings Wall Street analysts expect $0.04 earnings per share, down $0.02 or 33.33 % from last year’s $0.06 same quarter earnings. This translates into $6.30M profit for FSM giving the stock a 26.94 P/E. This is assuming the current $0.04 EPS is accurate. Fortuna Silver Mines Inc’s Wall Street analysts see -33.33 % negative EPS growth, taking into account the $0.06 EPS reproted in the previous quarter, The stock increased 0.94% or $0.04 on October 27, reaching $4.31. About 923,465 shares traded. Fortuna Silver Mines Inc (NYSE:FSM) has declined 25.62% since October 29, 2016 and is downtrending. It has underperformed by 42.32% the S&P500.

Fortuna Silver Mines Inc (NYSE:FSM) Ratings Coverage

Among 4 analysts covering Fortuna Silver Mines Inc. (NYSE:FSM), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Fortuna Silver Mines Inc. had 7 analyst reports since February 16, 2016 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, September 7 by Canaccord Genuity. The stock of Fortuna Silver Mines Inc (NYSE:FSM) has “Hold” rating given on Tuesday, February 16 by Canaccord Genuity. The firm has “Market Perform” rating by BMO Capital Markets given on Thursday, May 12. The stock of Fortuna Silver Mines Inc (NYSE:FSM) earned “Outperform” rating by BMO Capital Markets on Friday, March 31. On Monday, March 14 the stock rating was downgraded by Raymond James to “Outperform”. The firm has “Sector Perform” rating by Scotia Capital given on Wednesday, April 19. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, October 25.

Fortuna Silver Mines Inc. is a Canada mining firm engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The company has market cap of $678.29 million. The Firm operates the Caylloma silver, lead, and zinc mine in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico. It has a 16.58 P/E ratio. The Company’s divisions include Corporate, Bateas and Cuzcatlan.

More important recent Fortuna Silver Mines Inc (NYSE:FSM) news were published by: Prnewswire.com which released: “Technical Research on Silver Equities — Coeur Mining, First Majestic Silver …” on October 13, 2017, also Seekingalpha.com published article titled: “Fortuna Silver Mines’ (FSM) CEO Jorge Ganoza on Q2 2017 Results – Earnings …”, Twst.com published: “Fortuna Silver Mines Inc.: Fortuna CEO purchases additional company shares” on October 12, 2017. More interesting news about Fortuna Silver Mines Inc (NYSE:FSM) was released by: Streetinsider.com and their article: “Fortuna Silver Mines (FSM) CEO Buys 131.8K Shares” with publication date: October 10, 2017.