Fortuna Silver Mines Inc. (NYSE:FSM – Get Free Report) (TSE:FVI)’s share price gapped up before the market opened on Monday . The stock had previously closed at $4.59, but opened at $4.74. Fortuna Silver Mines shares last traded at $4.78, with a volume of 1,424,864 shares.
Analyst Ratings Changes
FSM has been the subject of a number of recent analyst reports. TheStreet downgraded Fortuna Silver Mines from a “c-” rating to a “d” rating in a research report on Thursday, March 7th. Scotiabank boosted their target price on shares of Fortuna Silver Mines from $4.00 to $4.75 and gave the company a “sector perform” rating in a report on Monday, April 8th. Finally, StockNews.com downgraded shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Monday, April 15th.
Read Our Latest Stock Report on FSM
Fortuna Silver Mines Stock Up 5.7 %
Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last issued its earnings results on Wednesday, March 6th. The basic materials company reported $0.07 EPS 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. Research analysts expect that Fortuna Silver Mines Inc. will post 0.08 EPS for the current year.
Institutional Trading of Fortuna Silver Mines
A number of hedge funds have recently made changes to their positions in FSM. Cambridge Investment Research Advisors Inc. increased its position in shares of Fortuna Silver Mines by 26.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 36,540 shares of the basic materials company’s stock worth $99,000 after acquiring an additional 7,700 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Fortuna Silver Mines by 19.5% during the fourth 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 in the last quarter. DORCHESTER WEALTH MANAGEMENT Co raised its holdings in Fortuna Silver Mines by 11.4% in the first 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 in the last quarter. Tower Research Capital LLC TRC boosted its stake in 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 acquired a new position in Fortuna Silver Mines during the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.
Fortuna Silver Mines Company Profile
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.
See Also
- Five stocks we like better than Fortuna Silver Mines
- What is a Secondary Public Offering? What Investors Need to Know
- 3 CEO-Led Turnaround Stocks You Can Still Buy
- How to Use the MarketBeat Excel Dividend Calculator
- 3 Value Stocks You Can Buy Before They Become Big
- The 3 Best Retail Stocks to Shop for in August
- Chinese Stocks Stage Impressive Rebound
Receive News & Ratings for Fortuna Silver Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Silver Mines and related companies with MarketBeat.com's FREE daily email newsletter.