Fortuna Silver Mines (NYSE:FSM) Reaches New 52-Week High at $6.36

Fortuna Silver Mines Inc. (NYSE:FSMGet Free Report) (TSE:FVI)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $6.36 and last traded at $6.25, with a volume of 1093359 shares. The stock had previously closed at $6.08.

Analysts Set New Price Targets

FSM has been the subject of a number of analyst reports. TheStreet downgraded shares of Fortuna Silver Mines from a “c-” rating to a “d” rating in a research note on Thursday, March 7th. Scotiabank upped their price target on Fortuna Silver Mines from $4.75 to $6.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 23rd. Finally, StockNews.com upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th.

Read Our Latest Stock Report on Fortuna Silver Mines

Fortuna Silver Mines Stock Down 1.0 %

The company has a market capitalization of $1.89 billion, a PE ratio of -56.31 and a beta of 1.57. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.76 and a current ratio of 1.27. The company’s 50-day moving average is $4.79 and its 200 day moving average is $3.89.

Fortuna Silver Mines (NYSE:FSMGet Free Report) (TSE:FVI) last issued its earnings results on Wednesday, March 6th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.08 by ($0.01). The firm had revenue of $265.31 million during the quarter. Fortuna Silver Mines had a positive return on equity of 6.04% and a negative net margin of 3.94%. As a group, analysts anticipate that Fortuna Silver Mines Inc. will post 0.37 EPS for the current year.

Institutional Trading of Fortuna Silver Mines

Several institutional investors have recently added to or reduced their stakes in FSM. Perritt Capital Management Inc. raised its stake in shares of Fortuna Silver Mines by 40.0% in the first quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 3,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Fortuna Silver Mines by 19.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 60,280 shares of the basic materials company’s stock worth $233,000 after buying an additional 9,837 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co lifted its stake in Fortuna Silver Mines by 11.4% during the 1st quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 96,900 shares of the basic materials company’s stock valued at $360,000 after acquiring an additional 9,900 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Fortuna Silver Mines by 84.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 25,183 shares of the basic materials company’s stock valued at $97,000 after acquiring an additional 11,548 shares during the last quarter. Finally, Rathbones Group PLC bought a new stake in shares of Fortuna Silver Mines in the third quarter worth approximately $34,000. 33.80% of the stock is currently owned by hedge funds and other institutional investors.

Fortuna Silver Mines Company Profile

(Get Free Report)

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.

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