Fortuna Silver Mines (NYSE:FSM – Get Rating) (TSE:FVI) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.
Several other analysts have also recently commented on FSM. BMO Capital Markets dropped their price target on Fortuna Silver Mines from C$6.50 to C$6.25 in a research report on Tuesday, January 31st. CIBC boosted their price target on Fortuna Silver Mines from C$5.85 to C$6.00 in a research report on Tuesday, February 7th. National Bank Financial boosted their price target on Fortuna Silver Mines from C$7.00 to C$7.25 in a research report on Friday, May 19th. Finally, TheStreet cut Fortuna Silver Mines from a “c” rating to a “d” rating in a research report on Wednesday, March 22nd.
Fortuna Silver Mines Stock Down 0.6 %
Fortuna Silver Mines stock opened at $3.24 on Wednesday. The stock has a market capitalization of $942.45 million, a PE ratio of -6.75 and a beta of 1.32. Fortuna Silver Mines has a 12 month low of $2.05 and a 12 month high of $4.20. The business has a 50 day simple moving average of $3.70 and a 200-day simple moving average of $3.63. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.90 and a quick ratio of 1.26.
Hedge Funds Weigh In On Fortuna Silver Mines
Several hedge funds have recently bought and sold shares of FSM. First Trust Advisors LP acquired a new position in Fortuna Silver Mines during the 3rd quarter worth about $26,000. Northern Trust Corp purchased a new stake in Fortuna Silver Mines during the 2nd quarter worth about $28,000. Bluefin Capital Management LLC purchased a new stake in Fortuna Silver Mines during the 3rd quarter worth about $30,000. Jump Financial LLC purchased a new stake in Fortuna Silver Mines during the 3rd quarter worth about $31,000. Finally, Bank of New York Mellon Corp increased 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 worth $34,000 after purchasing an additional 2,955 shares during the period. Institutional investors and hedge funds own 26.79% of the company’s stock.
About Fortuna Silver Mines
Fortuna Silver Mines, Inc engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de C.V. (Cuzcatian), Mansfield Minera SA (Mansfield), and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine.
- Get a free copy of the StockNews.com research report on Fortuna Silver Mines (FSM)
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