Analysts Set Fortuna Silver Mines Inc. (NYSE:FSM) PT at $10.08

Shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) have been assigned a consensus rating of “Buy” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $9.21.

Several equities research analysts have commented on the stock. National Bank Financial decreased their target price on shares of Fortuna Silver Mines from C$12.00 to C$9.25 and set a “sector perform” rating on the stock in a research report on Friday, July 16th. BMO Capital Markets decreased their target price on shares of Fortuna Silver Mines from C$11.25 to C$9.75 and set an “outperform” rating on the stock in a research report on Wednesday. CIBC decreased their target price on shares of Fortuna Silver Mines from C$9.50 to C$9.00 in a research report on Wednesday, June 23rd. Zacks Investment Research upgraded shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research report on Monday. Finally, Canaccord Genuity decreased their target price on shares of Fortuna Silver Mines from $9.00 to $8.25 and set a “hold” rating on the stock in a research report on Wednesday, April 28th.

FSM traded up $0.08 during trading on Friday, hitting $4.50. The stock had a trading volume of 137,070 shares, compared to its average volume of 4,262,247. The company has a quick ratio of 1.11, a current ratio of 1.36 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 13.53 and a beta of 1.21. The business has a 50-day moving average of $6.01. Fortuna Silver Mines has a twelve month low of $4.29 and a twelve month high of $9.85.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its earnings results on Monday, May 10th. The basic materials company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.09 by $0.05. The company had revenue of $117.80 million for the quarter. Fortuna Silver Mines had a net margin of 15.02% and a return on equity of 8.55%. As a group, analysts predict that Fortuna Silver Mines will post 0.84 earnings per share for the current year.

Several institutional investors have recently added to or reduced their stakes in FSM. Confluence Investment Management LLC lifted its holdings in Fortuna Silver Mines by 12.8% in the 2nd quarter. Confluence Investment Management LLC now owns 32,835 shares of the basic materials company’s stock valued at $182,000 after purchasing an additional 3,717 shares in the last quarter. Schroder Investment Management Group lifted its holdings in Fortuna Silver Mines by 0.5% in the 1st quarter. Schroder Investment Management Group now owns 1,077,256 shares of the basic materials company’s stock valued at $8,780,000 after purchasing an additional 5,691 shares in the last quarter. Optiver Holding B.V. purchased a new position in Fortuna Silver Mines in the 1st quarter valued at about $133,000. Paloma Partners Management Co purchased a new position in Fortuna Silver Mines in the 1st quarter valued at about $86,000. Finally, D. E. Shaw & Co. Inc. lifted its holdings in Fortuna Silver Mines by 2.9% in the 1st quarter. D. E. Shaw & Co. Inc. now owns 76,993 shares of the basic materials company’s stock valued at $498,000 after purchasing an additional 2,153 shares in the last quarter. Institutional investors and hedge funds own 31.49% of the company’s stock.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; and the Lindero gold project located in Argentina.

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Analyst Recommendations for Fortuna Silver Mines (NYSE:FSM)

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