Fortuna Silver Mines (NYSE:FSM) Reaches New 1-Year High at $5.87

Shares of Fortuna Silver Mines Inc. (NYSE:FSM - Get Free Report) TSE: FVI hit a new 52-week high during trading on Monday . The stock traded as high as $5.87 and last traded at $5.87, with a volume of 103993 shares. The stock had previously closed at $5.84.

Analyst Upgrades and Downgrades

FSM has been the topic of several research analyst reports. Scotiabank boosted their price target on shares of Fortuna Silver Mines from $4.00 to $4.75 and gave the stock a "sector perform" rating in a research note on Monday, April 8th. TheStreet cut shares of Fortuna Silver Mines from a "c-" rating to a "d" rating in a research note on Thursday, March 7th. Finally, StockNews.com upgraded shares of Fortuna Silver Mines from a "hold" rating to a "buy" rating in a research note on Wednesday, May 8th.

Fortuna Silver Mines Price Performance

The firm's 50-day moving average price is $4.42 and its 200-day moving average price is $3.74. The company has a current ratio of 1.27, a quick ratio of 0.76 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $1.81 billion, a PE ratio of -53.77 and a beta of 1.57.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last announced its earnings results on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The business had revenue of $265.31 million for the quarter. Fortuna Silver Mines had a negative net margin of 3.94% and a positive return on equity of 6.04%. On average, equities analysts forecast that Fortuna Silver Mines Inc. will post 0.08 EPS for the current fiscal year.

Institutional Trading of Fortuna Silver Mines

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Perritt Capital Management Inc. raised its position in Fortuna Silver Mines by 40.0% in the 1st quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company's stock worth $39,000 after purchasing an additional 3,000 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in Fortuna Silver Mines by 26.7% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 36,540 shares of the basic materials company's stock worth $99,000 after acquiring an additional 7,700 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Fortuna Silver Mines by 19.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,280 shares of the basic materials company's stock worth $233,000 after acquiring an additional 9,837 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its stake in Fortuna Silver Mines by 11.4% in the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 96,900 shares of the basic materials company's stock worth $360,000 after acquiring an additional 9,900 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Fortuna Silver Mines by 84.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 25,183 shares of the basic materials company's stock worth $97,000 after acquiring an additional 11,548 shares in the last quarter. 33.80% of the stock is owned by hedge funds and other 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.