Fortuna Silver Mines (NYSE:FSM) Downgraded by StockNews.com to Sell

StockNews.com cut shares of Fortuna Silver Mines (NYSE:FSMGet Rating) (TSE:FVI) from a hold rating to a sell rating in a report issued on Monday.

Other equities analysts have also recently issued reports about the stock. National Bank Financial lifted their price objective on shares of Fortuna Silver Mines from C$4.25 to C$4.75 in a research report on Thursday, October 13th. BMO Capital Markets lifted their price objective on shares of Fortuna Silver Mines from C$5.25 to C$5.75 in a research report on Friday, November 11th. One investment analyst has rated the stock with a sell rating and four have given a buy rating to the company. According to data from MarketBeat.com, Fortuna Silver Mines currently has an average rating of Moderate Buy and a consensus target price of $5.33.

Fortuna Silver Mines Trading Down 2.0 %

Fortuna Silver Mines stock opened at $3.38 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.93. The firm has a market cap of $980.82 million, a price-to-earnings ratio of 24.14 and a beta of 1.16. Fortuna Silver Mines has a 1 year low of $2.05 and a 1 year high of $4.68. The firm’s 50 day moving average price is $2.78 and its two-hundred day moving average price is $2.84.

Institutional Investors Weigh In On Fortuna Silver Mines

A number of institutional investors have recently modified their holdings of FSM. First Trust Advisors LP acquired a new stake in shares of Fortuna Silver Mines during the 3rd quarter valued at $26,000. Aire Advisors LLC acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter valued at $28,000. Northern Trust Corp acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter valued at $28,000. Bluefin Capital Management LLC acquired a new stake in shares of Fortuna Silver Mines during the 3rd quarter valued at $30,000. Finally, Jump Financial LLC acquired a new stake in shares of Fortuna Silver Mines during the 3rd quarter valued at $31,000. Institutional investors and hedge funds own 27.92% of the company’s stock.

About Fortuna Silver Mines

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Fortuna Silver Mines Inc engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.

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