Fortuna Silver Mines (NYSE:FSM) Now Covered by Analysts at BMO Capital Markets

BMO Capital Markets began coverage on shares of Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) in a report released on Friday morning, The Fly reports. The brokerage issued an outperform rating and a $7.50 price objective on the basic materials company’s stock.

A number of other equities research analysts also recently issued reports on the company. CIBC boosted their price target on Fortuna Silver Mines from $4.00 to $6.50 and gave the company a neutral rating in a research report on Thursday. Canaccord Genuity reissued a buy rating and set a $6.00 price target on shares of Fortuna Silver Mines in a research report on Friday, May 15th. Pi Financial downgraded Fortuna Silver Mines from a buy rating to a neutral rating in a research report on Tuesday, April 7th. Zacks Investment Research downgraded Fortuna Silver Mines from a buy rating to a hold rating in a research report on Tuesday, April 28th. Finally, Scotiabank downgraded Fortuna Silver Mines from an outperform rating to a sector perform rating and set a $4.24 price target for the company. in a research report on Thursday, April 2nd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $5.35.

Shares of NYSE:FSM traded down $0.06 during midday trading on Friday, reaching $4.20. The company’s stock had a trading volume of 2,813,195 shares, compared to its average volume of 3,722,551. The firm has a market cap of $782.93 million, a price-to-earnings ratio of 38.19 and a beta of 1.08. The company has a quick ratio of 1.53, a current ratio of 1.36 and a debt-to-equity ratio of 0.27. Fortuna Silver Mines has a 1 year low of $1.47 and a 1 year high of $4.59. The business has a 50 day moving average price of $2.89 and a 200 day moving average price of $3.26.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last posted its quarterly earnings results on Wednesday, March 11th. The basic materials company reported $0.07 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.07. Fortuna Silver Mines had a return on equity of 2.86% and a net margin of 6.94%. The firm had revenue of $68.98 million during the quarter. Sell-side analysts anticipate that Fortuna Silver Mines will post 0.37 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of FSM. Capital Wealth Planning LLC acquired a new position in shares of Fortuna Silver Mines during the first quarter worth about $27,000. Tower Research Capital LLC TRC lifted its stake in shares of Fortuna Silver Mines by 686.2% during the first quarter. Tower Research Capital LLC TRC now owns 14,112 shares of the basic materials company’s stock worth $33,000 after purchasing an additional 12,317 shares in the last quarter. Advisor Group Holdings Inc. acquired a new position in shares of Fortuna Silver Mines during the first quarter worth about $38,000. Gibraltar Capital Management Inc. acquired a new position in shares of Fortuna Silver Mines during the first quarter worth about $44,000. Finally, Fort Point Capital Partners LLC acquired a new position in shares of Fortuna Silver Mines in the first quarter worth about $46,000. Institutional investors own 34.92% of the company’s stock.

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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Analyst Recommendations for Fortuna Silver Mines (NYSE:FSM)

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