Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) was downgraded by equities researchers at StockNews.com from a "hold" rating to a "sell" rating in a research report issued on Friday.
Several other research analysts have also recently issued reports on the stock. CIBC increased their target price on shares of Fortuna Silver Mines from C$5.85 to C$6.00 in a report on Tuesday, February 7th. National Bank Financial upped their price target on Fortuna Silver Mines from C$5.75 to C$6.00 in a research report on Thursday. TheStreet downgraded shares of Fortuna Silver Mines from a "c" rating to a "d" rating in a research report on Wednesday. Finally, BMO Capital Markets cut their price objective on Fortuna Silver Mines from C$6.50 to C$6.25 in a research report on Tuesday, January 31st.Get Fortuna Silver Mines alerts:
Fortuna Silver Mines Price Performance
Shares of NYSE:FSM opened at $3.52 on Friday. The business has a 50-day simple moving average of $3.52 and a two-hundred day simple moving average of $3.27. The firm has a market cap of $1.02 billion, a price-to-earnings ratio of -8.19 and a beta of 1.25. Fortuna Silver Mines has a fifty-two week low of $2.05 and a fifty-two week high of $4.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.19 and a current ratio of 1.87.
Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) last released its earnings results on Wednesday, March 15th. The basic materials company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. Fortuna Silver Mines had a negative net margin of 19.92% and a positive return on equity of 3.19%. The firm had revenue of $164.70 million for the quarter, compared to the consensus estimate of $152.00 million. During the same quarter in the previous year, the firm earned $0.10 earnings per share. On average, analysts expect that Fortuna Silver Mines will post 0.29 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the stock. First Trust Advisors LP purchased a new position in Fortuna Silver Mines during the 3rd quarter valued at about $26,000. Northern Trust Corp acquired a new position in Fortuna Silver Mines during the 2nd quarter worth approximately $28,000. Bluefin Capital Management LLC acquired a new stake in shares of Fortuna Silver Mines during the third quarter valued at about $30,000. Jump Financial LLC purchased a new stake in Fortuna Silver Mines during the 3rd quarter worth approximately $31,000. Finally, Bank of New York Mellon Corp grew its holdings in Fortuna Silver Mines by 27.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,530 shares of the basic materials company's stock worth $34,000 after acquiring an additional 2,955 shares in the last quarter. 26.79% of the stock is owned by hedge funds and other institutional investors.
About Fortuna Silver Mines
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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