Fortuna Silver Mines Inc (FSM) Receives Average Recommendation of “Hold” from Brokerages

Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) has been given an average rating of “Hold” by the ten analysts that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $6.00.

Several equities analysts have recently issued reports on FSM shares. Raymond James Financial cut shares of Fortuna Silver Mines from a “strong-buy” rating to an “outperform” rating in a research note on Tuesday, November 21st. BMO Capital Markets started coverage on shares of Fortuna Silver Mines in a research note on Friday, November 17th. They issued an “outperform” rating on the stock. Finally, Zacks Investment Research cut shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th.

Fortuna Silver Mines (FSM) opened at $4.64 on Tuesday. The stock has a market cap of $727.94, a P/E ratio of 18.56 and a beta of 0.04. The company has a quick ratio of 4.45, a current ratio of 4.77 and a debt-to-equity ratio of 0.08. Fortuna Silver Mines has a 52 week low of $4.03 and a 52 week high of $6.87.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Wednesday, November 8th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.01. The company had revenue of $64.00 million for the quarter, compared to analysts’ expectations of $56.00 million. Fortuna Silver Mines had a net margin of 15.44% and a return on equity of 9.15%. research analysts expect that Fortuna Silver Mines will post 0.34 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the company. Ninepoint Partners LP purchased a new position in shares of Fortuna Silver Mines in the third quarter worth approximately $949,000. TD Asset Management Inc. increased its position in shares of Fortuna Silver Mines by 64.8% in the third quarter. TD Asset Management Inc. now owns 1,827,749 shares of the basic materials company’s stock worth $7,980,000 after acquiring an additional 718,800 shares in the last quarter. Global X MANAGEMENT CO LLC increased its position in shares of Fortuna Silver Mines by 8.2% in the third quarter. Global X MANAGEMENT CO LLC now owns 2,024,865 shares of the basic materials company’s stock worth $8,840,000 after acquiring an additional 152,793 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Fortuna Silver Mines by 287.9% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 128,634 shares of the basic materials company’s stock worth $563,000 after acquiring an additional 95,475 shares in the last quarter. Finally, Sicart Associates LLC purchased a new position in shares of Fortuna Silver Mines in the fourth quarter worth approximately $4,567,000. 43.58% of the stock is currently owned by institutional investors and hedge funds.

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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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