Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
A number of other equities research analysts have also recently weighed in on the stock. BMO Capital Markets cut their price objective on shares of Fortuna Silver Mines from C$6.50 to C$6.25 in a report on Tuesday, January 31st. National Bank Financial upped their price objective on shares of Fortuna Silver Mines from C$7.00 to C$7.25 in a report on Friday, May 19th. TheStreet cut shares of Fortuna Silver Mines from a “c” rating to a “d” rating in a report on Wednesday, March 22nd. Finally, CIBC upped their price objective on shares of Fortuna Silver Mines from C$5.85 to C$6.00 in a report on Tuesday, February 7th.
Fortuna Silver Mines Price Performance
Shares of NYSE FSM opened at $3.42 on Wednesday. Fortuna Silver Mines has a 1 year low of $2.05 and a 1 year high of $4.20. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.90 and a quick ratio of 1.26. The company’s 50-day moving average is $3.71 and its 200 day moving average is $3.64. The stock has a market capitalization of $994.81 million, a P/E ratio of -7.13 and a beta of 1.32.
Institutional Investors Weigh In On Fortuna Silver Mines
Institutional investors have recently made changes to their positions in the company. First Trust Advisors LP purchased a new stake in shares of Fortuna Silver Mines during the third quarter valued at approximately $26,000. Northern Trust Corp purchased a new stake in shares of Fortuna Silver Mines during the second quarter valued at approximately $28,000. Bluefin Capital Management LLC bought a new position in Fortuna Silver Mines during the third quarter valued at approximately $30,000. Jump Financial LLC bought a new position in Fortuna Silver Mines during the third quarter valued at approximately $31,000. Finally, Bank of New York Mellon Corp lifted its position in Fortuna Silver Mines by 27.9% during the third quarter. Bank of New York Mellon Corp now owns 13,530 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 2,955 shares during the period. Hedge funds and other institutional investors own 26.79% of the company’s stock.
Fortuna Silver Mines Company Profile
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.
- Get a free copy of the StockNews.com research report on Fortuna Silver Mines (FSM)
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