Fortuna Silver Mines Inc. (NYSE:FSM) was up 4.4% during mid-day trading 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 recently issued reports on FSM shares. Scotiabank reissued 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 report on Tuesday, June 14th. TheStreet downgraded shares of Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research report on Thursday, March 31st. Zacks Investment Research raised shares of Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a $7.25 price objective for the company in a research report on Tuesday, May 10th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of Fortuna Silver Mines in a research report on Thursday, March 31st. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company. Fortuna Silver Mines currently has an average rating of “Hold” and an average target price of $5.92.

The firm’s 50-day moving average price is $7.21 and its 200-day moving average price is $4.96. The stock’s market cap is $1.05 billion.

Fortuna Silver Mines (NYSE:FSM) last posted its earnings results on Monday, May 9th. The company reported $0.02 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.02. The firm had revenue of $42.70 million for the quarter, compared to analysts’ expectations of $37.47 million. The company’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.03 EPS. On average, equities analysts expect that Fortuna Silver Mines Inc. will post $0.21 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the stock. Russell Frank Co purchased a new stake in Fortuna Silver Mines during the fourth quarter worth approximately $1,030,000. OppenheimerFunds Inc. boosted its position in 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. Morgan Stanley boosted its position in 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. Finally, Central Square Management LLC boosted its position in 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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