Fortuna Silver Mines (NYSE:FSM) Hits New 12-Month High at $4.29

Fortuna Silver Mines Inc. (NYSE:FSM - Get Free Report) TSE: FVI's stock price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $4.29 and last traded at $4.29, with a volume of 3446230 shares. The stock had previously closed at $4.02.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Fortuna Silver Mines from a "buy" rating to a "hold" rating in a research report on Tuesday, February 27th. TheStreet lowered shares of Fortuna Silver Mines from a "c-" rating to a "d" rating in a research report on Thursday, March 7th.

Fortuna Silver Mines Price Performance

The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.16. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -28.25 and a beta of 1.64. The company's 50-day moving average is $3.14 and its 200-day moving average is $3.27.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last issued its quarterly earnings data on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $265.31 million for the quarter. Fortuna Silver Mines had a positive return on equity of 5.03% and a negative net margin of 5.99%. Equities research analysts expect that Fortuna Silver Mines Inc. will post -0.12 earnings per share for the current fiscal year.

Institutional Trading of Fortuna Silver Mines

Large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp grew its stake in shares of Fortuna Silver Mines by 27.9% during the third quarter. Bank of New York Mellon Corp now owns 13,530 shares of the basic materials company's stock valued at $34,000 after purchasing an additional 2,955 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Fortuna Silver Mines by 1.6% during the second quarter. The Manufacturers Life Insurance Company now owns 213,716 shares of the basic materials company's stock valued at $695,000 after purchasing an additional 3,435 shares during the last quarter. Advisor Group Holdings Inc. grew its stake in shares of Fortuna Silver Mines by 44.1% during the fourth quarter. Advisor Group Holdings Inc. now owns 11,465 shares of the basic materials company's stock valued at $44,000 after purchasing an additional 3,510 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Fortuna Silver Mines by 2.9% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 159,592 shares of the basic materials company's stock valued at $519,000 after purchasing an additional 4,516 shares during the last quarter. Finally, Citigroup Inc. grew its stake in shares of Fortuna Silver Mines by 5.6% during the first quarter. Citigroup Inc. now owns 86,933 shares of the basic materials company's stock valued at $331,000 after purchasing an additional 4,601 shares during the last quarter. 33.80% of the stock is owned by institutional investors.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.