Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $6.72, but opened at $6.90. Fortuna Silver Mines shares last traded at $6.97, with a volume of 23,209 shares trading hands.
FSM has been the subject of a number of research analyst reports. BMO Capital Markets cut their target price on shares of Fortuna Silver Mines from $13.00 to $12.75 and set an “outperform” rating for the company in a research report on Monday, March 29th. Zacks Investment Research raised Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Monday, March 1st. CIBC dropped their target price on Fortuna Silver Mines from $11.50 to $11.25 and set a “neutral” rating on the stock in a research report on Monday, February 8th. National Bank Financial reaffirmed a “sector perform” rating on shares of Fortuna Silver Mines in a research note on Tuesday, February 2nd. Finally, Pi Financial cut Fortuna Silver Mines from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 20th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Fortuna Silver Mines has a consensus rating of “Hold” and an average price target of $9.72.
The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.57 and a current ratio of 1.73. The company has a market cap of $1.28 billion, a P/E ratio of 53.47 and a beta of 1.12. The firm has a 50 day moving average price of $7.10 and a 200-day moving average price of $7.18.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Confluence Investment Management LLC acquired a new position in Fortuna Silver Mines in the 1st quarter valued at $188,000. tru Independence LLC bought a new stake in Fortuna Silver Mines during the fourth quarter valued at about $46,000. Dimensional Fund Advisors LP grew its position in shares of Fortuna Silver Mines by 3.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 509,917 shares of the basic materials company’s stock valued at $4,202,000 after purchasing an additional 17,450 shares during the last quarter. FormulaFolio Investments LLC bought a new position in shares of Fortuna Silver Mines in the fourth quarter worth about $105,000. Finally, UBS Asset Management Americas Inc. lifted its position in shares of Fortuna Silver Mines by 12.1% during the 4th quarter. UBS Asset Management Americas Inc. now owns 217,110 shares of the basic materials company’s stock worth $1,783,000 after purchasing an additional 23,400 shares during the last quarter. 34.47% of the stock is owned by institutional investors and hedge funds.
Fortuna Silver Mines Company Profile (NYSE:FSM)
Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.
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