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

Fortuna Silver Mines (NYSE:FSMGet Free Report) (TSE:FVI) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Separately, TheStreet raised Fortuna Silver Mines from a “d+” rating to a “c-” rating in a research report on Wednesday, December 13th.

Check Out Our Latest Research Report on FSM

Fortuna Silver Mines Stock Performance

NYSE:FSM opened at $2.90 on Friday. The stock’s fifty day moving average is $3.55 and its 200 day moving average is $3.24. The firm has a market capitalization of $889.11 million, a PE ratio of -7.63 and a beta of 1.62. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.27 and a current ratio of 2.12. Fortuna Silver Mines has a fifty-two week low of $2.58 and a fifty-two week high of $4.20.

Fortuna Silver Mines (NYSE:FSMGet Free Report) (TSE:FVI) last announced its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.03 by $0.07. The company had revenue of $243.06 million for the quarter. Fortuna Silver Mines had a positive return on equity of 4.01% and a negative net margin of 15.98%. During the same period last year, the company earned $0.01 EPS. On average, sell-side analysts anticipate that Fortuna Silver Mines will post 0.23 earnings per share for the current year.

Institutional Investors Weigh In On Fortuna Silver Mines

Institutional investors have recently added to or reduced their stakes in the stock. Citigroup Inc. purchased a new stake in Fortuna Silver Mines in the first quarter valued at about $38,000. Dimensional Fund Advisors LP raised its stake in Fortuna Silver Mines by 345.7% in the first quarter. Dimensional Fund Advisors LP now owns 2,136,632 shares of the basic materials company’s stock valued at $8,141,000 after buying an additional 1,657,274 shares during the last quarter. NewEdge Advisors LLC raised its stake in Fortuna Silver Mines by 13.2% in the first quarter. NewEdge Advisors LLC now owns 284,240 shares of the basic materials company’s stock valued at $1,083,000 after buying an additional 33,050 shares during the last quarter. Mackenzie Financial Corp raised its stake in Fortuna Silver Mines by 49.1% in the first quarter. Mackenzie Financial Corp now owns 138,791 shares of the basic materials company’s stock valued at $528,000 after buying an additional 45,727 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Fortuna Silver Mines in the first quarter valued at about $1,294,000. Institutional investors own 31.19% of the company’s stock.

Fortuna Silver Mines Company Profile

(Get Free Report)

Fortuna Silver Mines Inc engages in the precious and base metal mining 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 located in southern Mexico; the Lindero gold project located in Northern Argentina; Yaramoko gold mine located in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.

Further Reading

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