Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) has been assigned an average rating of "Hold" from the seven analysts that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $6.56.
A number of brokerages recently issued reports on FSM. National Bank Financial decreased their price target on Fortuna Silver Mines from C$7.00 to C$6.50 and set a "sector perform" rating for the company in a research note on Monday, November 15th. CIBC decreased their target price on Fortuna Silver Mines from C$9.00 to C$8.00 and set a "neutral" rating for the company in a research report on Wednesday, October 13th. BMO Capital Markets raised Fortuna Silver Mines from a "market perform" rating to an "outperform" rating and set a $7.25 target price for the company in a research report on Monday, December 20th. lowered Fortuna Silver Mines from a "hold" rating to a "sell" rating in a research report on Thursday, November 11th. Finally, Zacks Investment Research raised Fortuna Silver Mines from a "hold" rating to a "buy" rating and set a $4.50 target price for the company in a research report on Wednesday.
Several large investors have recently made changes to their positions in the company. Hollencrest Capital Management increased its holdings in shares of Fortuna Silver Mines by 203.2% in the 4th quarter. Hollencrest Capital Management now owns 128,032 shares of the basic materials company's stock valued at $499,000 after acquiring an additional 85,800 shares during the period. UBS Asset Management Americas Inc. increased its holdings in shares of Fortuna Silver Mines by 27.7% in the 3rd quarter. UBS Asset Management Americas Inc. now owns 275,237 shares of the basic materials company's stock valued at $1,082,000 after acquiring an additional 59,627 shares during the period. Bank of New York Mellon Corp purchased a new position in shares of Fortuna Silver Mines in the 3rd quarter valued at $40,000. Schonfeld Strategic Advisors LLC purchased a new position in Fortuna Silver Mines during the 3rd quarter worth $86,000. Finally, Cetera Investment Advisers purchased a new position in Fortuna Silver Mines during the 3rd quarter worth $74,000. Institutional investors and hedge funds own 21.79% of the company's stock.
NYSE:FSM opened at $3.60 on Friday. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 11.61 and a beta of 1.32. Fortuna Silver Mines has a 1 year low of $2.91 and a 1 year high of $9.85. The business has a 50 day simple moving average of $3.89 and a 200-day simple moving average of $4.35. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.73.
Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings results on Thursday, November 11th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.10 by ($0.02). Fortuna Silver Mines had a return on equity of 10.32% and a net margin of 12.04%. The business had revenue of $162.57 million for the quarter. During the same period in the prior year, the company earned $0.09 earnings per share. As a group, analysts expect that Fortuna Silver Mines will post 0.49 earnings per share for the current fiscal year.
About Fortuna Silver Mines
Fortuna Silver Mines, Inc engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de C.V. (Cuzcatian), Mansfield Minera SA (Mansfield), and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine.
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