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

StockNews.com lowered shares of Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

A number of other research firms also recently weighed in on FSM. Scotiabank lifted their price target on shares of Fortuna Silver Mines from $4.00 to $4.75 and gave the company a sector perform rating in a research report on Monday, April 8th. TheStreet downgraded shares of Fortuna Silver Mines from a c- rating to a d rating in a research report on Thursday, March 7th.

Fortuna Silver Mines Stock Down 0.5 %

NYSE FSM opened at $4.59 on Monday. 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 has a 1-year low of $2.58 and a 1-year high of $4.94. The company has a 50 day moving average of $3.43 and a 200-day moving average of $3.38. The company has a market cap of $1.40 billion, a price-to-earnings ratio of -28.66 and a beta of 1.63.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its quarterly earnings results on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $265.31 million during the quarter. On average, equities research analysts expect that Fortuna Silver Mines will post -0.12 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP acquired a new position in Fortuna Silver Mines during the third quarter valued at approximately $26,000. Northern Trust Corp acquired a new position in shares of Fortuna Silver Mines during the second quarter worth $28,000. Equitable Holdings Inc. acquired a new position in shares of Fortuna Silver Mines during the second quarter worth $32,000. Rathbones Group PLC acquired a new position in shares of Fortuna Silver Mines during the third quarter worth $34,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Fortuna Silver Mines by 27.9% during the third quarter. Bank of New York Mellon Corp now owns 13,530 shares of the basic materials company’s stock worth $34,000 after buying an additional 2,955 shares in the last quarter. 33.80% of the stock is currently owned by institutional investors and hedge funds.

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.