Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report released on Monday.

Other equities analysts have also issued reports about the stock. TheStreet lowered shares of Fortuna Silver Mines from a “b” rating to a “c+” rating in a research report on Tuesday, October 16th. Zacks Investment Research lowered shares of Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Monday, October 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $6.25.

NYSE:FSM opened at $3.26 on Monday. Fortuna Silver Mines has a 52 week low of $3.24 and a 52 week high of $6.08. The stock has a market cap of $569.31 million, a P/E ratio of 10.52 and a beta of 0.24. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.75 and a current ratio of 5.10.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its quarterly earnings results on Thursday, November 8th. The basic materials company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. Fortuna Silver Mines had a net margin of 23.63% and a return on equity of 7.31%. The business had revenue of $59.60 million for the quarter. Equities research analysts anticipate that Fortuna Silver Mines will post 0.21 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in FSM. Connor Clark & Lunn Investment Management Ltd. grew its stake in Fortuna Silver Mines by 0.4% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,675,794 shares of the basic materials company’s stock worth $15,215,000 after buying an additional 11,800 shares in the last quarter. BlackRock Inc. grew its stake in Fortuna Silver Mines by 124.1% during the second quarter. BlackRock Inc. now owns 32,705 shares of the basic materials company’s stock worth $186,000 after buying an additional 18,114 shares in the last quarter. Toronto Dominion Bank grew its stake in Fortuna Silver Mines by 28.0% during the second quarter. Toronto Dominion Bank now owns 98,835 shares of the basic materials company’s stock worth $559,000 after buying an additional 21,635 shares in the last quarter. Ramsey Quantitative Systems grew its stake in Fortuna Silver Mines by 349.1% during the third quarter. Ramsey Quantitative Systems now owns 29,306 shares of the basic materials company’s stock worth $128,000 after buying an additional 22,780 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Fortuna Silver Mines by 3,962.3% during the third quarter. Wells Fargo & Company MN now owns 23,683 shares of the basic materials company’s stock worth $103,000 after buying an additional 23,100 shares in the last quarter. 42.75% of the stock is currently owned by institutional investors and hedge funds.

About Fortuna Silver Mines

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. It explores for silver, gold, lead, and zinc deposits. The company holds interests in the Caylloma mine located in southern Peru; and the San Jose mine situated in the state of Oaxaca in southern Mexico.

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