Fortuna Silver Mines Inc. (NYSE:FSM – Get Free Report) (TSE:FVI)’s share price reached a new 52-week high during mid-day trading on Tuesday after Scotiabank raised their price target on the stock from $4.00 to $4.75. Scotiabank currently has a sector perform rating on the stock. Fortuna Silver Mines traded as high as $4.92 and last traded at $4.82, with a volume of 3600834 shares. The stock had previously closed at $4.68.
Several other equities research analysts have also issued reports on FSM. StockNews.com upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. TheStreet lowered shares of Fortuna Silver Mines from a “c-” rating to a “d” rating in a report on Thursday, March 7th.
View Our Latest Report on Fortuna Silver Mines
Institutional Investors Weigh In On Fortuna Silver Mines
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. purchased a new position in Fortuna Silver Mines during the 4th quarter valued at about $77,000. Integrated Advisors Network LLC increased its position in Fortuna Silver Mines by 208.8% during the 4th quarter. Integrated Advisors Network LLC now owns 148,630 shares of the basic materials company’s stock valued at $574,000 after purchasing an additional 100,500 shares during the period. Virtu Financial LLC purchased a new position in Fortuna Silver Mines during the 4th quarter valued at about $366,000. Legal & General Group Plc increased its position in Fortuna Silver Mines by 1.3% during the 4th quarter. Legal & General Group Plc now owns 639,490 shares of the basic materials company’s stock valued at $2,473,000 after purchasing an additional 7,905 shares during the period. Finally, Vident Advisory LLC increased its position in Fortuna Silver Mines by 142.0% during the 4th quarter. Vident Advisory LLC now owns 1,111,028 shares of the basic materials company’s stock valued at $4,289,000 after purchasing an additional 651,863 shares during the period. Institutional investors own 33.80% of the company’s stock.
Fortuna Silver Mines Stock Up 2.6 %
The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16. The firm has a market cap of $1.47 billion, a PE ratio of -30.00 and a beta of 1.63. The business’s 50-day simple moving average is $3.30 and its 200 day simple moving average is $3.33.
Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last posted its earnings results on Wednesday, March 6th. The basic materials company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). Fortuna Silver Mines had a negative net margin of 5.99% and a positive return on equity of 5.03%. The business had revenue of $265.31 million for the quarter. As a group, equities research analysts expect that Fortuna Silver Mines Inc. will post -0.12 earnings per share for the current year.
About Fortuna Silver Mines
Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d’Ivoire.
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