Shares of Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) have earned an average recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $5.00.
Several research firms have weighed in on FSM. ValuEngine cut Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research note on Thursday, August 15th. Canaccord Genuity cut Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Scotiabank upgraded Fortuna Silver Mines from a “sector perform” rating to a “sector outperform” rating and set a $5.00 target price for the company in a research note on Tuesday. Finally, Zacks Investment Research cut Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Wednesday, August 21st.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Newfoundland Capital Management bought a new position in shares of Fortuna Silver Mines in the 2nd quarter valued at $29,000. AMP Capital Investors Ltd bought a new position in shares of Fortuna Silver Mines in the 2nd quarter valued at $44,000. HighTower Advisors LLC bought a new position in shares of Fortuna Silver Mines in the 2nd quarter valued at $64,000. Quantitative Systematic Strategies LLC lifted its stake in shares of Fortuna Silver Mines by 92.9% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 30,728 shares of the basic materials company’s stock valued at $88,000 after acquiring an additional 14,795 shares during the last quarter. Finally, Capital Wealth Planning LLC bought a new position in shares of Fortuna Silver Mines in the 2nd quarter valued at $90,000. Hedge funds and other institutional investors own 38.74% of the company’s stock.
NYSE:FSM traded down $0.02 during trading hours on Friday, reaching $3.44. 109,219 shares of the company were exchanged, compared to its average volume of 2,731,679. The company has a market capitalization of $591.47 million, a P/E ratio of 14.38 and a beta of 0.34. Fortuna Silver Mines has a 1-year low of $2.39 and a 1-year high of $4.59. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.66 and a quick ratio of 1.47. The business has a 50 day moving average of $3.96 and a 200 day moving average of $3.32.
Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its earnings results on Wednesday, August 7th. The basic materials company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.01. Fortuna Silver Mines had a return on equity of 4.43% and a net margin of 8.75%. The firm had revenue of $67.91 million during the quarter. As a group, equities research analysts anticipate that Fortuna Silver Mines will post 0.16 earnings per share for the current fiscal year.
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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