StockNews.com lowered shares of Fortuna Silver Mines (NYSE:FSM – Free Report) (TSE:FVI) from a buy rating to a hold rating in a research note released on Monday.
A number of other brokerages have also issued reports on FSM. Scotiabank raised their price target on Fortuna Silver Mines from $4.00 to $4.75 and gave the stock a sector perform rating in a research note on Monday, April 8th. TheStreet lowered Fortuna Silver Mines from a c- rating to a d rating in a research note on Thursday, March 7th.
View Our Latest Report on Fortuna Silver Mines
Fortuna Silver Mines Price Performance
Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last announced 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). The company had revenue of $265.31 million during the quarter. Fortuna Silver Mines had a positive return on equity of 5.03% and a negative net margin of 5.99%. Equities analysts expect that Fortuna Silver Mines will post -0.12 EPS for the current year.
Institutional Investors Weigh In On Fortuna Silver Mines
A number of institutional investors and hedge funds have recently bought and sold shares of the company. First Trust Advisors LP bought a new position in shares of Fortuna Silver Mines in the 3rd quarter worth $26,000. Northern Trust Corp purchased a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth $28,000. Equitable Holdings Inc. purchased a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth $32,000. Rathbones Group PLC purchased a new stake in shares of Fortuna Silver Mines during the 3rd quarter worth $34,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Fortuna Silver Mines by 27.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 13,530 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 2,955 shares during the last quarter. 33.80% of the stock is owned by institutional investors.
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.
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