Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) has earned a consensus rating of “Buy” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, three have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $9.00.

FSM has been the topic of several recent research reports. BidaskClub lowered Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. ValuEngine lowered Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 17th. National Bank Financial restated an “outperform” rating on shares of Fortuna Silver Mines in a research report on Monday, May 15th. Zacks Investment Research upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Scotiabank restated a “sector perform” rating and issued a $9.00 price target on shares of Fortuna Silver Mines in a research report on Wednesday, April 19th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. 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 valued at $113,000 after buying an additional 3,400 shares in the last quarter. Bank of Montreal Can raised its position in Fortuna Silver Mines by 172.8% in the first quarter. Bank of Montreal Can now owns 474,435 shares of the basic materials company’s stock valued at $2,467,000 after buying an additional 300,553 shares in the last quarter. Montrusco Bolton Investments Inc. raised its position in Fortuna Silver Mines by 29.6% in the first quarter. Montrusco Bolton Investments Inc. now owns 11,700,097 shares of the basic materials company’s stock valued at $60,709,000 after buying an additional 2,671,477 shares in the last quarter. 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 valued at $148,000 after buying an additional 561 shares in the last quarter. Finally, Commerzbank Aktiengesellschaft FI raised its position in Fortuna Silver Mines by 112.9% in the first quarter. Commerzbank Aktiengesellschaft FI now owns 109,238 shares of the basic materials company’s stock valued at $568,000 after buying an additional 57,939 shares in the last quarter. Hedge funds and other institutional investors own 51.27% of the company’s stock.

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Shares of Fortuna Silver Mines (FSM) opened at 4.49 on Tuesday. The stock’s 50 day moving average price is $4.74 and its 200 day moving average price is $5.08. Fortuna Silver Mines has a one year low of $4.11 and a one year high of $9.55. The stock has a market capitalization of $714.91 million, a P/E ratio of 23.39 and a beta of 0.27.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings results on Monday, August 14th. The basic materials company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. Fortuna Silver Mines had a return on equity of 9.58% and a net margin of 12.88%. The business had revenue of $63.90 million for the quarter, compared to analyst estimates of $58 million. During the same period last year, the company earned ($0.01) EPS. The firm’s revenue was up 43.6% on a year-over-year basis. On average, analysts forecast that Fortuna Silver Mines will post $0.29 EPS for the current year.

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.

Analyst Recommendations for Fortuna Silver Mines (NYSE:FSM)

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