TheStreet Downgrades Fortuna Silver Mines (FSM) to C+

TheStreet lowered shares of Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) from a b rating to a c+ rating in a report published on Tuesday, October 16th.

Several other brokerages have also recently commented on FSM. ValuEngine raised Fortuna Silver Mines from a hold rating to a buy rating in a research report on Monday, July 2nd. Zacks Investment Research raised Fortuna Silver Mines from a sell rating to a hold rating and set a $6.25 price objective for the company in a report on Wednesday, July 11th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. Fortuna Silver Mines currently has a consensus rating of Hold and a consensus target price of $6.25.

Shares of Fortuna Silver Mines stock traded down $0.13 during midday trading on Tuesday, hitting $3.56. The company had a trading volume of 1,159,329 shares, compared to its average volume of 902,901. The company has a market cap of $599.70 million, a price-to-earnings ratio of 11.48 and a beta of 0.24. The company has a current ratio of 5.10, a quick ratio of 4.75 and a debt-to-equity ratio of 0.07. Fortuna Silver Mines has a 1-year low of $3.45 and a 1-year high of $6.08.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last announced its quarterly earnings data on Thursday, November 8th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. The business had revenue of $59.60 million for the quarter. Fortuna Silver Mines had a net margin of 24.48% and a return on equity of 8.57%. As a group, research analysts forecast that Fortuna Silver Mines will post 0.21 earnings per share for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its holdings in shares of Fortuna Silver Mines by 15.6% in the third quarter. Bank of Montreal Can now owns 2,174,369 shares of the basic materials company’s stock valued at $9,501,000 after buying an additional 293,634 shares during the last quarter. Montrusco Bolton Investments Inc. increased its position in Fortuna Silver Mines by 10.1% in the third quarter. Montrusco Bolton Investments Inc. now owns 4,358,960 shares of the basic materials company’s stock worth $19,019,000 after purchasing an additional 398,357 shares during the period. Cubist Systematic Strategies LLC acquired a new stake in Fortuna Silver Mines in the second quarter worth about $330,000. Vanguard Capital Wealth Advisors acquired a new stake in Fortuna Silver Mines in the second quarter worth about $144,000. Finally, Van ECK Associates Corp increased its position in Fortuna Silver Mines by 12.0% in the second quarter. Van ECK Associates Corp now owns 20,268,868 shares of the basic materials company’s stock worth $115,260,000 after purchasing an additional 2,171,283 shares during the period. 42.87% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. It explores for silver, gold, lead, and zinc deposits. The company holds interests in the Caylloma mine located in southern Peru; and the San Jose mine situated in the state of Oaxaca in southern Mexico.

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