Fortuna Silver Mines Inc. (NYSE:FSM – Get Free Report) (TSE:FVI)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $5.04, but opened at $4.85. Fortuna Silver Mines shares last traded at $5.00, with a volume of 364,752 shares traded.
Analysts Set New Price Targets
Several research firms have recently issued reports on FSM. Scotiabank lifted their price target on Fortuna Silver Mines from $4.75 to $6.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. StockNews.com raised shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th.
Get Our Latest Stock Report on Fortuna Silver Mines
Fortuna Silver Mines Stock Down 0.4 %
The firm’s 50 day moving average is $5.32 and its two-hundred day moving average is $4.25. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of -45.63 and a beta of 1.57. The company has a current ratio of 1.27, a quick ratio of 0.76 and a debt-to-equity ratio of 0.12.
Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last posted its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.03 by $0.06. The company had revenue of $224.95 million during the quarter. Fortuna Silver Mines had a positive return on equity of 6.04% and a negative net margin of 3.94%. On average, sell-side analysts predict that Fortuna Silver Mines Inc. will post 0.54 EPS for the current year.
Institutional Trading of Fortuna Silver Mines
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Perritt Capital Management Inc. grew its holdings in shares of Fortuna Silver Mines by 40.0% during the 1st quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 3,000 shares during the period. Coppell Advisory Solutions Corp. purchased a new stake in shares of Fortuna Silver Mines during the 1st quarter worth about $56,000. B. Riley Wealth Advisors Inc. purchased a new stake in shares of Fortuna Silver Mines during the 4th quarter worth about $77,000. Daiwa Securities Group Inc. purchased a new stake in shares of Fortuna Silver Mines during the 1st quarter worth about $77,000. Finally, Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Fortuna Silver Mines during the 1st quarter worth about $78,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.
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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