Fortuna Silver Mines (NYSE:FSM) Lowered to Hold at StockNews.com

StockNews.com cut shares of Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) from a buy rating to a hold rating in a research note released on Monday morning.

Several other equities research analysts have also weighed in on FSM. TheStreet lowered Fortuna Silver Mines from a c- rating to a d rating in a research note on Thursday, March 7th. Scotiabank boosted their target price on Fortuna Silver Mines from $4.00 to $4.75 and gave the stock a sector perform rating in a report on Monday, April 8th.

Fortuna Silver Mines Trading Down 0.5 %

FSM stock opened at $4.59 on Monday. Fortuna Silver Mines has a 1-year low of $2.58 and a 1-year high of $4.94. The firm has a market cap of $1.40 billion, a P/E ratio of -28.66 and a beta of 1.63. The business’s 50 day moving average is $3.43 and its 200-day moving average is $3.38. The company has a current ratio of 1.37, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its quarterly earnings data on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.01). Fortuna Silver Mines had a negative net margin of 5.99% and a positive return on equity of 5.03%. The company had revenue of $265.31 million during the quarter. Equities analysts anticipate that Fortuna Silver Mines will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FSM. Citigroup Inc. acquired a new position in Fortuna Silver Mines during the 1st quarter worth $38,000. Dimensional Fund Advisors LP lifted its holdings in Fortuna Silver Mines by 345.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,136,632 shares of the basic materials company’s stock worth $8,141,000 after buying an additional 1,657,274 shares in the last quarter. NewEdge Advisors LLC lifted its holdings in Fortuna Silver Mines by 13.2% during the 1st quarter. NewEdge Advisors LLC now owns 284,240 shares of the basic materials company’s stock worth $1,083,000 after buying an additional 33,050 shares in the last quarter. Mackenzie Financial Corp lifted its holdings in Fortuna Silver Mines by 49.1% during the 1st quarter. Mackenzie Financial Corp now owns 138,791 shares of the basic materials company’s stock worth $528,000 after buying an additional 45,727 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Fortuna Silver Mines in the 1st quarter valued at $1,294,000. Institutional investors and hedge funds own 33.80% of the company’s stock.

About Fortuna Silver Mines

Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.