Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI)‘s stock had its “outperform” rating restated by investment analysts at National Bank Financial in a note issued to investors on Monday.

FSM has been the topic of several other reports. TheStreet upgraded shares of Fortuna Silver Mines from a “d+” rating to a “c” rating in a research report on Monday, February 6th. Zacks Investment Research upgraded shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Monday, February 13th. Raymond James Financial, Inc. upgraded shares of Fortuna Silver Mines from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, April 5th. Scotiabank reiterated a “sector perform” rating and set a $9.00 price objective on shares of Fortuna Silver Mines in a research report on Wednesday, April 19th. Finally, BMO Capital Markets upgraded shares of Fortuna Silver Mines from a “market perform” rating to an “outperform” rating and lowered their price objective for the stock from $10.75 to $9.00 in a research report on Friday, March 31st. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $8.94.

Analyst Recommendations for Fortuna Silver Mines (NYSE:FSM)

Fortuna Silver Mines (NYSE:FSM) opened at 4.56 on Monday. The stock’s market cap is $666.81 million. The firm’s 50 day moving average price is $4.81 and its 200-day moving average price is $5.73. Fortuna Silver Mines has a 52 week low of $4.11 and a 52 week high of $9.75.

Fortuna Silver Mines (NYSE:FSM) last posted its quarterly earnings results on Monday, May 15th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The business had revenue of $57.90 million during the quarter, compared to analyst estimates of $59 million. Fortuna Silver Mines had a positive return on equity of 5.97% and a negative net margin of 2.26%. The business’s revenue for the quarter was up 56.5% compared to the same quarter last year. Analysts expect that Fortuna Silver Mines will post $0.27 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “Fortuna Silver Mines Inc (FSM) Given Outperform Rating at National Bank Financial” was first reported by American Banking News and is owned by of American Banking News. If you are accessing this story on another site, it was illegally copied and reposted in violation of United States & international copyright and trademark laws. The original version of this story can be accessed at https://www.americanbankingnews.com/2017/05/18/fortuna-silver-mines-inc-fsm-given-outperform-rating-at-national-bank-financial.html.

Several institutional investors have recently bought and sold shares of the stock. Strategic Investment Management LLC acquired a new stake in Fortuna Silver Mines during the fourth quarter valued at about $106,000. Creative Planning raised its stake in Fortuna Silver Mines by 18.5% in the first quarter. Creative Planning now owns 21,781 shares of the basic materials company’s stock valued at $113,000 after buying an additional 3,400 shares during the last quarter. Confluence Investment Management LLC acquired a new stake in Fortuna Silver Mines during the first quarter valued at about $127,000. Great West Life Assurance Co. Can raised its stake in Fortuna Silver Mines by 2.0% in the first quarter. Great West Life Assurance Co. Can now owns 28,722 shares of the basic materials company’s stock valued at $148,000 after buying an additional 561 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in Fortuna Silver Mines by 67.5% in the first quarter. UBS Asset Management Americas Inc. now owns 33,994 shares of the basic materials company’s stock valued at $176,000 after buying an additional 13,700 shares during the last quarter. Institutional investors and hedge funds own 48.03% of the company’s stock.

About Fortuna Silver Mines

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.

5 Day Chart for NYSE:FSM

Receive News & Ratings for Fortuna Silver Mines Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Silver Mines Inc and related companies with MarketBeat.com's FREE daily email newsletter.