Fortuna Silver Mines Inc. (NYSE:FSM – Get Rating) (TSE:FVI)'s stock price traded up 4.3% during mid-day trading on Friday . The company traded as high as $3.37 and last traded at $3.36. 3,026,713 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 3,863,223 shares. The stock had previously closed at $3.22.
Analyst Upgrades and Downgrades
A number of research analysts recently issued reports on the company. BMO Capital Markets decreased their target price on Fortuna Silver Mines from C$6.50 to C$6.25 in a report on Tuesday, January 31st. StockNews.com assumed coverage on Fortuna Silver Mines in a report on Thursday. They issued a "sell" rating for the company. National Bank Financial decreased their price target on Fortuna Silver Mines from C$6.00 to C$5.75 in a report on Tuesday, February 14th. Finally, CIBC lifted their price target on Fortuna Silver Mines from C$5.85 to C$6.00 in a report on Tuesday, February 7th.
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The company has a market capitalization of $1.00 billion, a PE ratio of 24.64 and a beta of 1.25. The company has a current ratio of 1.93, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock has a fifty day simple moving average of $3.53 and a 200-day simple moving average of $3.24.
Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) last posted its earnings results on Wednesday, March 15th. The basic materials company reported $0.02 EPS for the quarter, hitting analysts' consensus estimates of $0.02. Fortuna Silver Mines had a return on equity of 4.63% and a net margin of 5.76%. The business had revenue of $164.70 million for the quarter, compared to analysts' expectations of $152.00 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. Equities analysts anticipate that Fortuna Silver Mines Inc. will post 0.29 earnings per share for the current year.
Institutional Trading of Fortuna Silver Mines
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Fortuna Silver Mines during the fourth quarter worth about $57,000. Triasima Portfolio Management inc. acquired a new position in Fortuna Silver Mines in the 4th quarter valued at about $39,000. Coppell Advisory Solutions Corp. acquired a new position in Fortuna Silver Mines in the 4th quarter valued at about $52,000. Amundi increased its position in Fortuna Silver Mines by 914.8% in the 4th quarter. Amundi now owns 1,014,789 shares of the basic materials company's stock valued at $3,684,000 after acquiring an additional 914,789 shares during the period. Finally, Two Sigma Investments LP acquired a new position in Fortuna Silver Mines in the 4th quarter valued at about $1,334,000. Institutional investors and hedge funds own 26.79% of the company's stock.
Fortuna Silver Mines Company Profile
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Fortuna Silver Mines, Inc engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de C.V. (Cuzcatian), Mansfield Minera SA (Mansfield), and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine.
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