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Silver

Fortuna Silver Mines (NYSE:FSM) Sets New 12-Month Low at $2.60


Fortuna Silver Mines Inc. (NYSE:FSMGet Rating) (TSE:FVI) shares reached a new 52-week low on Wednesday . The stock traded as low as $2.60 and last traded at $2.64, with a volume of 71555 shares. The stock had previously closed at $2.66.

A number of equities research analysts have commented on FSM shares. Pi Financial upgraded shares of Fortuna Silver Mines from a “neutral” rating to a “buy” rating in a report on Monday, June 6th. National Bank Financial raised their price target on shares of Fortuna Silver Mines from C$5.50 to C$6.50 in a report on Wednesday, April 20th. StockNews.com upgraded shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Saturday, April 2nd. Finally, BMO Capital Markets reduced their price target on shares of Fortuna Silver Mines from C$7.00 to C$6.75 in a report on Thursday, May 12th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Fortuna Silver Mines currently has an average rating of “Hold” and an average price target of $6.69.

The stock has a market capitalization of $800.02 million, a P/E ratio of 12.46 and a beta of 1.29. The business’s 50 day simple moving average is $3.22 and its two-hundred day simple moving average is $3.63. The company has a quick ratio of 1.44, a current ratio of 2.07 and a debt-to-equity ratio of 0.15.

Fortuna Silver Mines (NYSE:FSMGet Rating) (TSE:FVI) last released its quarterly earnings data on Wednesday, May 11th. The basic materials company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Fortuna Silver Mines had a net margin of 8.79% and a return on equity of 8.40%. The firm had revenue of $182.33 million for the quarter. Analysts predict that Fortuna Silver Mines Inc. will post 0.4 earnings per share for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Van ECK Associates Corp lifted its position in shares of Fortuna Silver Mines by 4.6% during the first quarter. Van ECK Associates Corp now owns 30,690,608 shares of the basic materials company’s stock valued at $116,930,000 after purchasing an additional 1,336,597 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Fortuna Silver Mines by 4.3% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,518,290 shares of the basic materials company’s stock worth $24,788,000 after acquiring an additional 267,433 shares during the period. Euro Pacific Asset Management LLC raised its position in Fortuna Silver Mines by 4.7% in the first quarter. Euro Pacific Asset Management LLC now owns 3,803,294 shares of the basic materials company’s stock worth $14,517,000 after acquiring an additional 169,081 shares during the period. Sprott Inc. raised its position in Fortuna Silver Mines by 43.4% in the fourth quarter. Sprott Inc. now owns 2,997,134 shares of the basic materials company’s stock worth $11,703,000 after acquiring an additional 907,670 shares during the period. Finally, Morgan Stanley raised its position in Fortuna Silver Mines by 66.9% in the third quarter. Morgan Stanley now owns 2,538,493 shares of the basic materials company’s stock worth $9,976,000 after acquiring an additional 1,017,886 shares during the period. 27.03% of the stock is currently owned by institutional investors.

Fortuna Silver Mines Company Profile (NYSE:FSM)

Fortuna Silver Mines Inc engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d’Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d’Ivoire.

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