Laurentian Bank of Canada restated their buy rating on shares of Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) in a research report released on Tuesday, Stock Target Advisor reports. They currently have a $11.35 price objective on the basic materials company’s stock.
FSM has been the topic of several other reports. Zacks Investment Research lowered Fortuna Silver Mines from a buy rating to a hold rating in a research note on Wednesday, June 3rd. BMO Capital Markets upped their price objective on Fortuna Silver Mines from $8.25 to $11.25 and gave the company an outperform rating in a research note on Monday. Pi Financial reissued a buy rating and issued a $6.80 target price on shares of Fortuna Silver Mines in a report on Wednesday, July 15th. Laurentian reissued a buy rating and issued a $11.35 target price on shares of Fortuna Silver Mines in a report on Tuesday. Finally, Canaccord Genuity reissued a buy rating and issued a $6.00 target price on shares of Fortuna Silver Mines in a report on Friday, May 15th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Fortuna Silver Mines presently has an average rating of Buy and an average price target of $8.75.
Shares of FSM stock traded down $0.15 during trading hours on Tuesday, hitting $6.39. The company had a trading volume of 54,196 shares, compared to its average volume of 5,029,277. Fortuna Silver Mines has a 12 month low of $1.47 and a 12 month high of $7.35. The firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 127.40 and a beta of 1.38. The firm’s fifty day moving average is $5.99 and its 200 day moving average is $4.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.22 and a current ratio of 1.97.
Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its quarterly earnings data on Thursday, August 13th. The basic materials company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.01. Fortuna Silver Mines had a return on equity of 0.86% and a net margin of 0.50%. The company had revenue of $44.48 million for the quarter. On average, sell-side analysts expect that Fortuna Silver Mines will post 0.1 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in FSM. Paloma Partners Management Co bought a new position in shares of Fortuna Silver Mines during the first quarter worth approximately $58,000. BlackRock Inc. grew its stake in shares of Fortuna Silver Mines by 237.1% during the first quarter. BlackRock Inc. now owns 26,102 shares of the basic materials company’s stock worth $60,000 after buying an additional 18,359 shares during the last quarter. Swiss National Bank grew its stake in shares of Fortuna Silver Mines by 1.4% during the first quarter. Swiss National Bank now owns 312,000 shares of the basic materials company’s stock worth $706,000 after buying an additional 4,400 shares during the last quarter. APG Asset Management N.V. bought a new stake in shares of Fortuna Silver Mines during the first quarter worth $684,000. Finally, CIBC World Markets Inc. grew its stake in shares of Fortuna Silver Mines by 2.4% during the first quarter. CIBC World Markets Inc. now owns 395,305 shares of the basic materials company’s stock worth $913,000 after buying an additional 9,328 shares during the last quarter. Institutional investors own 27.88% 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. 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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