Fortuna Silver Mines (NYSE:FSM) Trading Up 3.7%

Fortuna Silver Mines Inc. (NYSE:FSM - Get Free Report) TSE: FVI rose 3.7% during mid-day trading on Tuesday . The company traded as high as $3.98 and last traded at $3.97. Approximately 6,172,212 shares traded hands during trading, an increase of 22% from the average daily volume of 5,053,114 shares. The stock had previously closed at $3.83.

Analyst Ratings Changes

FSM has been the subject of a number of research analyst reports. TheStreet downgraded shares of Fortuna Silver Mines from a "c-" rating to a "d" rating in a report on Thursday, March 7th. StockNews.com downgraded shares of Fortuna Silver Mines from a "buy" rating to a "hold" rating in a report on Tuesday, February 27th.

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 $1.23 billion, a P/E ratio of -25.16 and a beta of 1.63. The business's 50-day simple moving average is $3.14 and its two-hundred day simple moving average is $3.27.

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI last issued its earnings results on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.01). The business 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%. Sell-side analysts expect that Fortuna Silver Mines Inc. will post -0.12 EPS for the current year.

Hedge Funds Weigh In On Fortuna Silver Mines

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citigroup Inc. bought a new position in shares of Fortuna Silver Mines in the first quarter valued at approximately $38,000. Northern Trust Corp bought a new position in shares of Fortuna Silver Mines in the second quarter valued at approximately $28,000. Equitable Holdings Inc. bought a new position in shares of Fortuna Silver Mines in the second quarter valued at approximately $32,000. First Trust Advisors LP bought a new position in shares of Fortuna Silver Mines in the third quarter valued at approximately $26,000. Finally, Creative Planning bought a new position in shares of Fortuna Silver Mines in the fourth quarter valued at approximately $41,000. Institutional investors own 33.80% of the company's stock.

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.