Fortuna Silver Mines Inc. (NYSE:FSM – Get Free Report) (TSE:FVI) shot up 4% during trading on Friday . The stock traded as high as $4.71 and last traded at $4.69. 1,628,546 shares traded hands during mid-day trading, a decline of 71% from the average session volume of 5,644,991 shares. The stock had previously closed at $4.51.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on FSM. StockNews.com cut Fortuna Silver Mines from a “buy” rating to a “hold” rating in a report on Monday. TheStreet downgraded Fortuna Silver Mines from a “c-” rating to a “d” rating in a research note on Thursday, March 7th. Finally, Scotiabank increased 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.
Read Our Latest Research Report on FSM
Fortuna Silver Mines Price Performance
Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last posted its quarterly earnings data 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 for the quarter. Fortuna Silver Mines had a negative net margin of 5.99% and a positive return on equity of 5.03%. As a group, sell-side analysts anticipate that Fortuna Silver Mines Inc. will post -0.12 EPS for the current year.
Institutional Trading of Fortuna Silver Mines
A number of hedge funds and other institutional investors have recently modified their holdings of FSM. First Trust Advisors LP acquired a new position in Fortuna Silver Mines during the third quarter worth about $26,000. Northern Trust Corp bought a new position in shares of Fortuna Silver Mines during the 2nd quarter valued at about $28,000. Equitable Holdings Inc. acquired a new position in shares of Fortuna Silver Mines in the 2nd quarter worth approximately $32,000. Rathbones Group PLC bought a new stake in shares of Fortuna Silver Mines in the 3rd quarter worth approximately $34,000. Finally, Bank of New York Mellon Corp lifted its stake in Fortuna Silver Mines by 27.9% during the third quarter. Bank of New York Mellon Corp now owns 13,530 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 2,955 shares during the last quarter. Institutional investors own 33.80% of the company’s stock.
About Fortuna Silver Mines
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.
Featured Articles
- Five stocks we like better than Fortuna Silver Mines
- Why Understanding Call Option Volume is Essential to Successful Options Trading
- Comprehensive Analysis of PayPal Stock
- Insider Selling Explained: Can it Inform Your Investing Choices?
- Intuitive Surgical Stock Can Trend Much Higher This Year
- With Risk Tolerance, One Size Does Not Fit All
- Alibaba Stock Analysis: Insights, Trends, and Future Predictions
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.