Shares of Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $6.00.
FSM has been the topic of several research analyst reports. ValuEngine cut Fortuna Silver Mines from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 15th. Zacks Investment Research cut Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th.
FSM traded down $0.14 during trading hours on Wednesday, hitting $4.37. 1,470,527 shares of the stock were exchanged, compared to its average volume of 666,848. Fortuna Silver Mines has a 12 month low of $4.03 and a 12 month high of $6.08. The stock has a market capitalization of $720.70 million and a PE ratio of 14.10. The company has a debt-to-equity ratio of 0.07, a current ratio of 5.10 and a quick ratio of 4.75.
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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by ($0.03). Fortuna Silver Mines had a return on equity of 8.57% and a net margin of 24.48%. The firm had revenue of $73.67 million for the quarter. research analysts anticipate that Fortuna Silver Mines will post 0.23 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in FSM. Swiss National Bank lifted its stake in Fortuna Silver Mines by 4.4% in the first quarter. Swiss National Bank now owns 277,300 shares of the basic materials company’s stock valued at $1,445,000 after buying an additional 11,700 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in Fortuna Silver Mines by 0.4% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,675,794 shares of the basic materials company’s stock valued at $15,215,000 after buying an additional 11,800 shares during the last quarter. BlackRock Inc. lifted its stake in Fortuna Silver Mines by 124.1% in the second 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. Toronto Dominion Bank lifted its stake in Fortuna Silver Mines by 28.0% in the second quarter. Toronto Dominion Bank now owns 98,835 shares of the basic materials company’s stock valued at $559,000 after buying an additional 21,635 shares during the last quarter. Finally, Vanguard Capital Wealth Advisors bought a new stake in Fortuna Silver Mines in the second quarter valued at $144,000. Hedge funds and other institutional investors own 42.84% of the company’s stock.
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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