Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.
Other research analysts have also issued reports about the stock. TheStreet lowered shares of Fortuna Silver Mines from a “c-” rating to a “d” rating in a research note on Thursday, March 7th. Scotiabank raised their price target on shares of Fortuna Silver Mines from $4.00 to $4.75 and gave the company a “sector perform” rating in a report on Monday, April 8th.
Get Our Latest Analysis on Fortuna Silver Mines
Fortuna Silver Mines Trading Down 0.8 %
Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last issued its quarterly 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 positive return on equity of 5.03% and a negative net margin of 5.99%. The company had revenue of $265.31 million for the quarter. On average, equities analysts expect that Fortuna Silver Mines will post -0.12 earnings per share for the current fiscal year.
Institutional Trading of Fortuna Silver Mines
Hedge funds have recently made changes to their positions in the stock. Citigroup Inc. bought a new stake in shares of Fortuna Silver Mines during the 1st quarter worth $38,000. Northern Trust Corp purchased a new position in Fortuna Silver Mines in the 2nd quarter worth $28,000. Equitable Holdings Inc. purchased a new position in Fortuna Silver Mines in the 2nd quarter worth $32,000. First Trust Advisors LP purchased a new position in Fortuna Silver Mines in the 3rd quarter worth $26,000. Finally, Creative Planning purchased a new position in Fortuna Silver Mines in the 4th quarter worth $41,000. 33.80% of the stock is owned by institutional investors.
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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