BMO Capital Markets Raises Fortuna Silver Mines (NYSE:FSM) Price Target to C$5.75

Fortuna Silver Mines (NYSE:FSMGet Rating) (TSE:FVI) had its price objective raised by BMO Capital Markets from C$5.25 to C$5.75 in a research report sent to investors on Friday, The Fly reports.

Other analysts also recently issued research reports about the stock. National Bank Financial lifted their target price on shares of Fortuna Silver Mines from C$4.25 to C$4.75 in a report on Thursday, October 13th. StockNews.com initiated coverage on shares of Fortuna Silver Mines in a report on Wednesday, October 12th. They issued a hold rating for the company. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $5.33.

Fortuna Silver Mines Stock Performance

Shares of FSM stock opened at $3.55 on Friday. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 25.36 and a beta of 1.16. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.58 and a current ratio of 2.26. The company has a 50-day simple moving average of $2.67 and a 200 day simple moving average of $2.85. Fortuna Silver Mines has a 52 week low of $2.05 and a 52 week high of $4.68.

Hedge Funds Weigh In On Fortuna Silver Mines

Hedge funds and other institutional investors have recently made changes to their positions in the company. Euro Pacific Asset Management LLC raised its position in shares of Fortuna Silver Mines by 4.7% in the 1st quarter. Euro Pacific Asset Management LLC now owns 3,803,294 shares of the basic materials company’s stock valued at $14,517,000 after buying an additional 169,081 shares in the last quarter. National Bank of Canada FI increased its position in Fortuna Silver Mines by 206.9% during the 1st quarter. National Bank of Canada FI now owns 572,629 shares of the basic materials company’s stock worth $2,175,000 after purchasing an additional 386,040 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Fortuna Silver Mines by 4.3% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,518,290 shares of the basic materials company’s stock worth $24,788,000 after purchasing an additional 267,433 shares in the last quarter. QCM Cayman Ltd. acquired a new position in Fortuna Silver Mines during the 1st quarter worth approximately $44,000. Finally, Assenagon Asset Management S.A. increased its position in Fortuna Silver Mines by 9.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 34,846 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 2,898 shares in the last quarter. 27.92% of the stock is currently owned by institutional investors and hedge funds.

Fortuna Silver Mines Company Profile

(Get Rating)

Fortuna Silver Mines Inc engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.

See Also

The Fly logo

Analyst Recommendations for Fortuna Silver Mines (NYSE:FSM)

Receive News & Ratings for Fortuna Silver Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Silver Mines and related companies with MarketBeat.com's FREE daily email newsletter.