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.

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

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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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