Shares of Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) have received a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $6.00.
FSM has been the subject of several research reports. Zacks Investment Research cut shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Raymond James Financial cut shares of Fortuna Silver Mines from a “strong-buy” rating to an “outperform” rating in a report on Tuesday, November 21st. Finally, BMO Capital Markets initiated coverage on shares of Fortuna Silver Mines in a report on Friday, November 17th. They set an “outperform” rating for the company.
Shares of Fortuna Silver Mines (FSM) opened at $4.64 on Tuesday. The company has a current ratio of 4.77, a quick ratio of 4.45 and a debt-to-equity ratio of 0.08. The company has a market cap of $727.94, a P/E ratio of 18.56 and a beta of 0.04. Fortuna Silver Mines has a fifty-two week low of $4.03 and a fifty-two week high of $6.87.
Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings results on Wednesday, November 8th. The basic materials company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.07 by $0.01. The business had revenue of $64.00 million during the quarter, compared to analysts’ expectations of $56.00 million. Fortuna Silver Mines had a net margin of 15.44% and a return on equity of 9.15%. analysts anticipate that Fortuna Silver Mines will post 0.34 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Sheaff Brock Investment Advisors LLC lifted its stake in Fortuna Silver Mines by 123.7% in the third quarter. Sheaff Brock Investment Advisors LLC now owns 26,040 shares of the basic materials company’s stock valued at $114,000 after acquiring an additional 14,400 shares during the last quarter. BlueCrest Capital Management Ltd acquired a new stake in Fortuna Silver Mines in the second quarter valued at approximately $147,000. OxFORD Asset Management LLP acquired a new stake in Fortuna Silver Mines in the second quarter valued at approximately $150,000. Shell Asset Management Co. lifted its stake in Fortuna Silver Mines by 124.9% in the third quarter. Shell Asset Management Co. now owns 31,141 shares of the basic materials company’s stock valued at $141,000 after acquiring an additional 17,292 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in Fortuna Silver Mines in the third quarter valued at approximately $152,000. Hedge funds and other institutional investors own 43.58% of the company’s stock.
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About Fortuna Silver Mines
Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.
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