Fortuna Silver Mines Inc. (NYSE:FSM) was up 4.4% on Thursday . The company traded as high as $8.15 and last traded at $8.13, with a volume of 642,967 shares trading hands. The stock had previously closed at $7.79.

A number of equities research analysts have weighed in on FSM shares. BMO Capital Markets restated a “market perform” rating on shares of Fortuna Silver Mines in a research note on Thursday, March 31st. TheStreet lowered Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research note on Thursday, March 31st. Zacks Investment Research lowered Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Monday, May 2nd. Finally, Scotiabank restated a “sector perform” rating and set a $6.25 price objective (up previously from $5.60) on shares of Fortuna Silver Mines in a research note on Tuesday, June 14th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.92.

The company has a 50-day moving average of $7.06 and a 200 day moving average of $4.89. The stock’s market capitalization is $1.06 billion.

Fortuna Silver Mines (NYSE:FSM) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. During the same period in the prior year, the firm earned $0.03 EPS. The company earned $42.70 million during the quarter, compared to analyst estimates of $37.47 million. Fortuna Silver Mines’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts expect that Fortuna Silver Mines Inc. will post $0.21 earnings per share for the current year.

Several hedge funds recently made changes to their positions in the company. Russell Frank Co bought a new stake in shares of Fortuna Silver Mines during the fourth quarter worth $1,030,000. Morgan Stanley boosted its stake in shares of Fortuna Silver Mines by 3.7% in the fourth quarter. Morgan Stanley now owns 772,997 shares of the company’s stock worth $1,739,000 after buying an additional 27,560 shares in the last quarter. OppenheimerFunds Inc. boosted its stake in shares of Fortuna Silver Mines by 32.9% in the fourth quarter. OppenheimerFunds Inc. now owns 930,000 shares of the company’s stock worth $2,090,000 after buying an additional 230,000 shares in the last quarter. Finally, Central Square Management LLC boosted its stake in shares of Fortuna Silver Mines by 19.0% in the fourth quarter. Central Square Management LLC now owns 1,002,249 shares of the company’s stock worth $2,255,000 after buying an additional 160,328 shares in the last quarter.

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.

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