Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) has received an average rating of “Buy” from the nine brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have assigned a buy rating and two have issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $9.00.

FSM has been the topic of a number of analyst reports. BMO Capital Markets upgraded Fortuna Silver Mines from a “market perform” rating to an “outperform” rating and cut their price target for the company from $10.75 to $9.00 in a research note on Friday, March 31st. UBS AG upgraded Fortuna Silver Mines from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, April 5th. Raymond James Financial, Inc. upgraded Fortuna Silver Mines from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, April 5th. Zacks Investment Research cut Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Finally, Scotiabank restated a “sector perform” rating and issued a $9.00 price target on shares of Fortuna Silver Mines in a research note on Wednesday, April 19th.

Several institutional investors have recently added to or reduced their stakes in FSM. Creative Planning raised its position 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 worth $113,000 after buying an additional 3,400 shares in the last quarter. Exane Derivatives raised its position in Fortuna Silver Mines by 283.3% in the second quarter. Exane Derivatives now owns 23,000 shares of the basic materials company’s stock worth $113,000 after buying an additional 17,000 shares in the last quarter. Confluence Investment Management LLC bought a new position in Fortuna Silver Mines during the first quarter worth about $127,000. Great West Life Assurance Co. Can raised its position 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 worth $148,000 after buying an additional 561 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Fortuna Silver Mines by 404.2% in the first quarter. Tower Research Capital LLC TRC now owns 29,748 shares of the basic materials company’s stock worth $155,000 after buying an additional 23,848 shares in the last quarter. 49.60% of the stock is currently owned by hedge funds and other institutional investors.

Fortuna Silver Mines (NYSE:FSM) traded down 0.513% on Friday, hitting $4.845. The stock had a trading volume of 465,416 shares. Fortuna Silver Mines has a 52-week low of $4.11 and a 52-week high of $9.75. The firm’s 50-day moving average is $4.83 and its 200-day moving average is $5.29. The company has a market cap of $771.44 million, a P/E ratio of 25.234 and a beta of 0.27.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Monday, May 15th. The basic materials company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.01. The company had revenue of $57.90 million during the quarter, compared to analyst estimates of $59 million. Fortuna Silver Mines had a net margin of 12.88% and a return on equity of 9.58%. The company’s quarterly revenue was up 56.5% compared to the same quarter last year. Equities research analysts anticipate that Fortuna Silver Mines will post $0.31 earnings per share for the current fiscal year.

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Fortuna Silver Mines Company Profile

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.

Analyst Recommendations for Fortuna Silver Mines (NYSE:FSM)

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