Fortuna Silver Mines Inc. (NYSE:FSM - Get Free Report) TSE: FVI shares reached a new 52-week high during trading on Tuesday after Scotiabank raised their price target on the stock from $4.00 to $4.75. Scotiabank currently has a sector perform rating on the stock. Fortuna Silver Mines traded as high as $4.92 and last traded at $4.82, with a volume of 3600834 shares. The stock had previously closed at $4.68.
Other analysts also recently issued reports about the company. StockNews.com upgraded Fortuna Silver Mines from a "hold" rating to a "buy" rating in a research report on Thursday, April 4th. TheStreet downgraded Fortuna Silver Mines from a "c-" rating to a "d" rating in a research report on Thursday, March 7th.
Read Our Latest Report on FSM
Institutional Trading of Fortuna Silver Mines
Institutional investors and hedge funds have recently made changes to their positions in the stock. U S Global Investors Inc. acquired a new position in Fortuna Silver Mines in the fourth quarter valued at $849,000. Maven Securities LTD acquired a new position in Fortuna Silver Mines in the third quarter valued at $1,952,000. Sprott Inc. increased its stake in Fortuna Silver Mines by 15.1% in the third quarter. Sprott Inc. now owns 2,162,034 shares of the basic materials company's stock valued at $5,881,000 after purchasing an additional 283,809 shares during the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new position in Fortuna Silver Mines in the fourth quarter valued at $1,220,000. Finally, Jump Financial LLC increased its stake in Fortuna Silver Mines by 691.4% in the third quarter. Jump Financial LLC now owns 337,242 shares of the basic materials company's stock valued at $917,000 after purchasing an additional 294,631 shares during the last quarter. 33.80% of the stock is currently owned by hedge funds and other institutional investors.
Fortuna Silver Mines Price Performance
The stock has a market capitalization of $1.47 billion, a price-to-earnings ratio of -30.00 and a beta of 1.63. The company has a 50 day moving average of $3.30 and a 200 day moving average of $3.33. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.
Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last released its earnings results on Wednesday, March 6th. The basic materials company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $265.31 million during the quarter. Fortuna Silver Mines had a negative net margin of 5.99% and a positive return on equity of 5.03%. As a group, equities research analysts forecast that Fortuna Silver Mines Inc. will post -0.12 EPS for the current fiscal year.
Fortuna Silver Mines Company Profile
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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.
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