Fortuna Silver Mines (NYSE:FSM) Stock Rating Upgraded by StockNews.com

Fortuna Silver Mines (NYSE:FSM - Get Free Report) TSE: FVI was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Thursday.

Separately, TheStreet downgraded shares of Fortuna Silver Mines from a "c-" rating to a "d" rating in a research report on Thursday, March 7th.

Fortuna Silver Mines Stock Down 0.8 %

Shares of Fortuna Silver Mines stock traded down $0.04 during trading hours on Thursday, hitting $4.54. The company had a trading volume of 13,300,264 shares, compared to its average volume of 5,369,042. The company's 50-day moving average is $3.20 and its two-hundred day moving average is $3.28. Fortuna Silver Mines has a twelve month low of $2.58 and a twelve month high of $4.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.37 and a quick ratio of 0.89. The company has a market cap of $1.39 billion, a P/E ratio of -28.34 and a beta of 1.64.

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 (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). Fortuna Silver Mines had a negative net margin of 5.99% and a positive return on equity of 5.03%. The company had revenue of $265.31 million during the quarter. Analysts anticipate that Fortuna Silver Mines will post -0.12 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Fortuna Silver Mines

A number of institutional investors and hedge funds have recently made changes to their positions in FSM. Maven Securities LTD acquired a new stake in shares of Fortuna Silver Mines during the 3rd quarter worth about $1,952,000. Sprott Inc. grew its position in shares of Fortuna Silver Mines by 15.1% during the third quarter. Sprott Inc. now owns 2,162,034 shares of the basic materials company's stock worth $5,881,000 after buying an additional 283,809 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. acquired a new position in Fortuna Silver Mines in the fourth quarter worth $1,220,000. Jump Financial LLC boosted its holdings 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 worth $917,000 after purchasing an additional 294,631 shares during the period. Finally, Integrated Advisors Network LLC acquired a new position in Fortuna Silver Mines in the third quarter worth $131,000. 33.80% of the stock is owned by institutional investors and hedge funds.

About Fortuna Silver Mines

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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