Fortuna Silver Mines (NYSE:FSM) Stock Price Up 5%

Shares of Fortuna Silver Mines Inc. (NYSE:FSMGet Free Report) (TSE:FVI) rose 5% during trading on Monday . The company traded as high as $3.57 and last traded at $3.56. 1,259,356 shares traded hands during mid-day trading, a decline of 75% from the average daily volume of 5,032,609 shares. The stock had previously closed at $3.39.

Wall Street Analysts Forecast Growth

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

Get Our Latest Report on FSM

Fortuna Silver Mines Stock Performance

The firm has a fifty day moving average price of $3.08 and a 200 day moving average price of $3.24. The company has a quick ratio of 0.89, a current ratio of 1.37 and a debt-to-equity ratio of 0.16.

Institutional Trading of Fortuna Silver Mines

Hedge funds and other institutional investors have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. bought a new position in shares of Fortuna Silver Mines in the fourth quarter worth about $77,000. Integrated Advisors Network LLC boosted its holdings in Fortuna Silver Mines by 208.8% in the fourth quarter. Integrated Advisors Network LLC now owns 148,630 shares of the basic materials company’s stock valued at $574,000 after acquiring an additional 100,500 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of Fortuna Silver Mines during the fourth quarter worth approximately $366,000. Legal & General Group Plc grew its stake in shares of Fortuna Silver Mines by 1.3% during the fourth quarter. Legal & General Group Plc now owns 639,490 shares of the basic materials company’s stock worth $2,473,000 after purchasing an additional 7,905 shares during the period. Finally, Vident Advisory LLC lifted its stake in Fortuna Silver Mines by 142.0% in the fourth quarter. Vident Advisory LLC now owns 1,111,028 shares of the basic materials company’s stock valued at $4,289,000 after buying an additional 651,863 shares during the period. 33.80% of the stock is currently owned by institutional investors and hedge funds.

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 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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