Fortuna Silver Mines Inc (FSM) Given Consensus Rating of “Buy” by Analysts

Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) has been given an average recommendation of “Buy” by the ten ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $6.00.

Several research analysts have recently weighed in on FSM shares. Raymond James Financial cut Fortuna Silver Mines from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, November 21st. Zacks Investment Research raised Fortuna Silver Mines from a “sell” rating to a “hold” rating and set a $5.25 price objective for the company in a research report on Friday, September 22nd. BMO Capital Markets started coverage on Fortuna Silver Mines in a research report on Friday, November 17th. They set an “outperform” rating for the company. Finally, Scotiabank reduced their price objective on Fortuna Silver Mines from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Friday, October 6th.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Global X MANAGEMENT CO LLC boosted its position in Fortuna Silver Mines by 8.2% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,024,865 shares of the basic materials company’s stock valued at $8,840,000 after purchasing an additional 152,793 shares during the last quarter. TD Asset Management Inc. boosted its position in Fortuna Silver Mines by 64.8% during the third quarter. TD Asset Management Inc. now owns 1,827,749 shares of the basic materials company’s stock valued at $7,980,000 after purchasing an additional 718,800 shares during the last quarter. Fiera Capital Corp boosted its position in Fortuna Silver Mines by 1,670.2% during the second quarter. Fiera Capital Corp now owns 1,773,765 shares of the basic materials company’s stock valued at $8,670,000 after purchasing an additional 1,673,565 shares during the last quarter. Gabelli Funds LLC boosted its position in Fortuna Silver Mines by 204.3% during the third quarter. Gabelli Funds LLC now owns 1,750,000 shares of the basic materials company’s stock valued at $7,665,000 after purchasing an additional 1,175,000 shares during the last quarter. Finally, Ingalls & Snyder LLC boosted its position in Fortuna Silver Mines by 184.0% during the third quarter. Ingalls & Snyder LLC now owns 1,512,200 shares of the basic materials company’s stock valued at $6,623,000 after purchasing an additional 979,800 shares during the last quarter. 42.18% of the stock is owned by hedge funds and other institutional investors.

Fortuna Silver Mines (NYSE FSM) opened at $5.17 on Friday. The company has a current ratio of 4.77, a quick ratio of 4.45 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $818.94, a PE ratio of 20.68 and a beta of 0.12. Fortuna Silver Mines has a 52-week low of $4.03 and a 52-week high of $6.92.

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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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