Fortuna Silver Mines Inc. (NYSE:FSM – Get Free Report) (TSE:FVI)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $4.58, but opened at $4.44. Fortuna Silver Mines shares last traded at $4.46, with a volume of 1,141,275 shares changing hands.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on FSM. Scotiabank raised their price target on Fortuna Silver Mines from $4.00 to $4.75 and gave the stock a “sector perform” rating in a research note on Monday, April 8th. StockNews.com lowered Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Monday. Finally, TheStreet cut Fortuna Silver Mines from a “c-” rating to a “d” rating in a research note on Thursday, March 7th.
Get Our Latest Research Report on Fortuna Silver Mines
Fortuna Silver Mines Trading Up 0.8 %
Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last posted its quarterly earnings results on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.01). The firm had revenue of $265.31 million during the quarter. Fortuna Silver Mines had a positive return on equity of 5.03% and a negative net margin of 5.99%. As a group, equities research analysts predict that Fortuna Silver Mines Inc. will post -0.12 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. First Trust Advisors LP bought a new stake in shares of Fortuna Silver Mines during the 3rd quarter worth approximately $26,000. Northern Trust Corp purchased a new stake in shares of Fortuna Silver Mines during the second quarter valued at $28,000. Equitable Holdings Inc. bought a new position in shares of Fortuna Silver Mines in the second quarter worth about $32,000. Rathbones Group PLC purchased a new position in Fortuna Silver Mines in the 3rd quarter worth about $34,000. Finally, Bank of New York Mellon Corp lifted its holdings in Fortuna Silver Mines by 27.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,530 shares of the basic materials company’s stock valued at $34,000 after buying an additional 2,955 shares in the last quarter. Hedge funds and other institutional investors own 33.80% of the company’s stock.
Fortuna Silver Mines Company Profile
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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