Fortuna Silver Mines (NYSE:FSM) Downgraded by ValuEngine to Sell

ValuEngine downgraded shares of Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) from a hold rating to a sell rating in a report released on Thursday, ValuEngine reports.

FSM has been the topic of several other reports. Canaccord Genuity downgraded Fortuna Silver Mines from a buy rating to a hold rating in a research report on Thursday, August 8th. Zacks Investment Research raised Fortuna Silver Mines from a hold rating to a buy rating and set a $4.50 price target on the stock in a research report on Thursday, July 25th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $4.50.

Shares of FSM stock traded down $0.12 during trading on Thursday, reaching $3.73. The company had a trading volume of 29,312 shares, compared to its average volume of 4,138,439. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.66 and a quick ratio of 2.45. The firm’s 50 day simple moving average is $3.52 and its two-hundred day simple moving average is $3.31. The company has a market capitalization of $631.54 million, a PE ratio of 15.58 and a beta of 0.35. Fortuna Silver Mines has a one year low of $2.39 and a one year high of $4.74.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings results on Tuesday, May 14th. The basic materials company reported $0.05 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.01). The business had revenue of $59.00 million during the quarter, compared to the consensus estimate of $62.60 million. Fortuna Silver Mines had a return on equity of 4.43% and a net margin of 8.75%. The business’s quarterly revenue was down 16.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 earnings per share. Analysts forecast that Fortuna Silver Mines will post 0.14 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the business. AMP Capital Investors Ltd acquired a new stake in Fortuna Silver Mines in the 2nd quarter valued at $44,000. HighTower Advisors LLC acquired a new stake in Fortuna Silver Mines in the 2nd quarter valued at $64,000. Quantitative Systematic Strategies LLC boosted its stake in Fortuna Silver Mines by 92.9% in the 2nd quarter. Quantitative Systematic Strategies LLC now owns 30,728 shares of the basic materials company’s stock valued at $88,000 after buying an additional 14,795 shares in the last quarter. Capital Wealth Planning LLC acquired a new stake in Fortuna Silver Mines in the 2nd quarter valued at $90,000. Finally, Vanguard Capital Wealth Advisors acquired a new stake in Fortuna Silver Mines in the 1st quarter valued at $126,000. 41.18% of the stock is currently owned by institutional investors.

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. The company explores for silver, gold, lead, and zinc deposits. Its principal properties include the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver-gold mine located in southern Mexico; and the Lindero gold project located in Argentina.

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