Fortuna Silver Mines Sees Unusually Large Options Volume (NYSE:FSM)

Fortuna Silver Mines Inc. (NYSE:FSMGet Free Report) (TSE:FVI) was the recipient of unusually large options trading activity on Wednesday. Stock investors purchased 3,869 call options on the company. This is an increase of approximately 33% compared to the average volume of 2,905 call options.

Fortuna Silver Mines Stock Performance

Fortuna Silver Mines stock opened at $5.29 on Friday. Fortuna Silver Mines has a 1 year low of $2.58 and a 1 year high of $6.36. The company’s 50-day moving average is $5.03 and its two-hundred day moving average is $3.98. The company has a current ratio of 1.27, a quick ratio of 0.76 and a debt-to-equity ratio of 0.12. The company has a market cap of $1.62 billion, a PE ratio of -48.09 and a beta of 1.61.

Fortuna Silver Mines (NYSE:FSMGet Free Report) (TSE:FVI) last issued its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.06. Fortuna Silver Mines had a negative net margin of 3.94% and a positive return on equity of 6.04%. The firm had revenue of $224.95 million during the quarter. Equities analysts anticipate that Fortuna Silver Mines will post 0.37 earnings per share for the current year.

Hedge Funds Weigh In On Fortuna Silver Mines

Institutional investors have recently added to or reduced their stakes in the company. Rathbones Group PLC acquired a new stake in Fortuna Silver Mines during the third quarter worth approximately $34,000. Perritt Capital Management Inc. raised its stake in Fortuna Silver Mines by 40.0% in the 1st quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 3,000 shares in the last quarter. Coppell Advisory Solutions Corp. bought a new stake in Fortuna Silver Mines in the 1st quarter valued at about $56,000. Private Advisor Group LLC acquired a new position in shares of Fortuna Silver Mines during the 3rd quarter worth approximately $66,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Fortuna Silver Mines during the fourth quarter worth approximately $77,000. 33.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on FSM shares. Scotiabank raised their price objective on shares of Fortuna Silver Mines from $4.75 to $6.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. StockNews.com raised Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Finally, TheStreet lowered shares of Fortuna Silver Mines from a “c-” rating to a “d” rating in a research report on Thursday, March 7th.

Get Our Latest Analysis on Fortuna Silver Mines

About Fortuna Silver Mines

(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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