Fortuna Silver Mines (NYSE:FSM) Stock Price Up 4.2%

Fortuna Silver Mines Inc. (NYSE:FSM – Get Rating) (TSE:FVI) rose 4.2% on Friday . The stock traded as high as $3.26 and last traded at $3.23. Approximately 309,975 shares were traded during trading, a decline of 92% from the average daily volume of 3,682,059 shares. The stock had previously closed at $3.10.

Analyst Ratings Changes

FSM has been the topic of several analyst reports. CIBC lifted their target price on Fortuna Silver Mines from C$5.85 to C$6.00 in a research report on Tuesday, February 7th. National Bank Financial lowered their target price on Fortuna Silver Mines from C$6.00 to C$5.75 in a research report on Tuesday, February 14th. StockNews.com downgraded Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, BMO Capital Markets lowered their target price on Fortuna Silver Mines from C$6.50 to C$6.25 in a research report on Tuesday, January 31st.

Fortuna Silver Mines Stock Up 2.6 %

The company has a quick ratio of 1.29, a current ratio of 1.93 and a debt-to-equity ratio of 0.15. The company has a fifty day moving average price of $3.56 and a 200-day moving average price of $3.21. The stock has a market capitalization of $923.06 million, a P/E ratio of 22.71 and a beta of 1.25.

Institutional Investors Weigh In On Fortuna Silver Mines

Several large investors have recently made changes to their positions in the company. Van ECK Associates Corp increased its holdings in shares of Fortuna Silver Mines by 0.4% in the fourth quarter. Van ECK Associates Corp now owns 30,124,901 shares of the basic materials company’s stock worth $112,969,000 after purchasing an additional 105,192 shares during the last quarter. Euro Pacific Asset Management LLC increased its stake in Fortuna Silver Mines by 16.5% during the third quarter. Euro Pacific Asset Management LLC now owns 4,037,517 shares of the basic materials company’s stock worth $10,159,000 after acquiring an additional 573,191 shares during the last quarter. Renaissance Technologies LLC increased its stake in Fortuna Silver Mines by 94.1% during the third quarter. Renaissance Technologies LLC now owns 3,600,571 shares of the basic materials company’s stock worth $9,073,000 after acquiring an additional 1,745,671 shares during the last quarter. American Century Companies Inc. increased its stake in Fortuna Silver Mines by 25.7% during the fourth quarter. American Century Companies Inc. now owns 3,335,790 shares of the basic materials company’s stock worth $12,517,000 after acquiring an additional 682,110 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Fortuna Silver Mines by 15.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,090,550 shares of the basic materials company’s stock worth $11,588,000 after acquiring an additional 419,254 shares during the last quarter. 26.79% of the stock is owned by institutional investors.

About Fortuna Silver Mines

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