Fortuna Silver Mines Inc. (NYSE: FSM) Receives Consensus Analyst Rating “Conserve”

Fortuna Silver Mines Inc. (NYSE: FSM) (TSE: FVI) received an average “Hold” rating from the seven analysts who currently cover the company, reports MarketBeat.com. An equity research analyst rated the stock with a sell recommendation, two issued a hold recommendation, and three issued a buy recommendation on the company. The average one-year target price among brokers who have issued ratings on the stock in the past year is $ 6.56.

A number of brokerage firms have recently published reports on FSMs. National Bank Financial lowered its price target for Fortuna Silver Mines from C $ 7.00 to C $ 6.50 and established a “sector performance” rating for the company in a research note on Monday, November 15. CIBC reduced its target price on Fortuna Silver Mines from C $ 9.00 to C $ 8.00 and established a “neutral” rating for the company in a research report released on Wednesday, October 13. BMO Capital Markets upgraded Fortuna Silver Mines from a “market return” rating to a “superior return” rating and set a target price of $ 7.25 for the company in a research report released on Monday. December 20. downgraded Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Thursday, November 11. Finally, Zacks investment research upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a target price of $ 4.50 for the company in a research report released Wednesday.

Several large investors have recently changed their positions in the company. Hollencrest Capital Management increased its stake in Fortuna Silver Mines shares by 203.2% in the 4th quarter. Hollencrest Capital Management now owns 128,032 shares of the basic materials company valued at $ 499,000 after acquiring an additional 85,800 shares during the period. UBS Asset Management Americas Inc. increased its equity stake in Fortuna Silver Mines by 27.7% in the third quarter. UBS Asset Management Americas Inc. now owns 275,237 shares of the basic materials company valued at $ 1,082,000 after acquiring an additional 59,627 shares during the period. Bank of New York Mellon Corp bought a new position in Fortuna Silver Mines shares in the third quarter valued at $ 40,000. Schonfeld Strategic Advisors LLC acquired a new position in Fortuna Silver Mines during the 3rd quarter for a value of $ 86,000. Finally, Cetera Investment Advisers acquired in the 3rd quarter a new position in Fortuna Silver Mines for an amount of $ 74,000. Institutional investors and hedge funds hold 21.79% of the company’s shares.

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NYSE: FSM opened at $ 3.60 on Friday. The company has a market cap of $ 1.05 billion, a price-to-earnings ratio of 11.61 and a beta of 1.32. Fortuna Silver Mines has a one-year low of $ 2.91 and a one-year high of $ 9.85. The company has a 50-day simple moving average of $ 3.89 and a 200-day simple moving average of $ 4.35. The company has a debt ratio of 0.05, a current ratio of 0.96, and a rapid ratio of 0.73.

Fortuna Silver Mines (NYSE: FSM) (TSE: FVI) last released its quarterly results on Thursday, November 11. The basic materials company reported earnings per share (EPS) of $ 0.08 for the quarter, missing Zacks’ consensus estimate of $ 0.10 ($ 0.02). Fortuna Silver Mines recorded a return on equity of 10.32% and a net margin of 12.04%. The company reported sales of $ 162.57 million for the quarter. During the same period of the previous year, the company achieved earnings per share of $ 0.09. As a group, analysts expect Fortuna Silver Mines to post earnings per share of 0.49 for the current fiscal year.

About Fortuna Silver Mines

Fortuna Silver Mines, Inc. engages in the exploration, extraction and processing of precious and base metals in Latin America. It operates through the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de CV (Cuzcatian), Mansfield Minera SA (Mansfield) and Corporate. The Beates segment operates the Caylloma silver, lead and zinc mine.

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