Zacks Investment Research lowered shares of Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) from a hold rating to a sell rating in a research report released on Monday morning.
According to Zacks, “Fortuna Silver Mines Inc. is engaged in the exploration, mining and development of silver and base metal properties in Latin America. Its core assets include the Caylloma Ag-Pb-Zn-Cu Mine located in Arequipa, Peru and the San Jose Ag – Au Project located in Oaxaca, Mexico. Fortuna Silver Mines Inc. is headquartered in Lima, Peru. “
Separately, ValuEngine downgraded shares of Fortuna Silver Mines from a sell rating to a strong sell rating in a research report on Wednesday, August 15th. Two research analysts have rated the stock with a sell rating and two have issued a buy rating to the company. The company has an average rating of Hold and a consensus price target of $6.25.
Shares of NYSE:FSM opened at $4.15 on Monday. The company has a quick ratio of 4.75, a current ratio of 5.10 and a debt-to-equity ratio of 0.07. Fortuna Silver Mines has a fifty-two week low of $3.53 and a fifty-two week high of $6.08. The stock has a market cap of $698.33 million, a P/E ratio of 13.39 and a beta of 0.07.
Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Wednesday, August 8th. The basic materials company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.09 by ($0.03). Fortuna Silver Mines had a net margin of 24.48% and a return on equity of 8.57%. The business had revenue of $73.67 million for the quarter. On average, equities analysts expect that Fortuna Silver Mines will post 0.23 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. Ramsey Quantitative Systems grew its position in shares of Fortuna Silver Mines by 349.1% during the 3rd quarter. Ramsey Quantitative Systems now owns 29,306 shares of the basic materials company’s stock valued at $128,000 after buying an additional 22,780 shares during the last quarter. Vanguard Capital Wealth Advisors bought a new stake in shares of Fortuna Silver Mines during the 2nd quarter valued at about $144,000. BlackRock Inc. grew its position in shares of Fortuna Silver Mines by 124.1% during the 2nd quarter. BlackRock Inc. now owns 32,705 shares of the basic materials company’s stock valued at $186,000 after buying an additional 18,114 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Fortuna Silver Mines during the 2nd quarter valued at about $215,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of Fortuna Silver Mines during the 2nd quarter valued at about $239,000. 42.84% of the stock is 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. 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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