Fortuna Silver Mines Inc. (NYSE:FSM)’s share price was up 2.5% on Wednesday . The company traded as high as $8.42 and last traded at $8.20, with a volume of 511,525 shares changing hands. The stock had previously closed at $8.00.

A number of equities analysts have recently weighed in on FSM shares. TheStreet raised shares of Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Friday, April 15th. BMO Capital Markets reissued a “market perform” rating on shares of Fortuna Silver Mines in a research report on Thursday, March 31st. Zacks Investment Research lowered shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research report on Wednesday, May 11th. Finally, Scotiabank reissued a “sector perform” rating and issued a $6.25 price objective (up previously from $5.60) on shares of Fortuna Silver Mines in a research report on Tuesday, June 14th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $5.92.

The company’s market capitalization is $1.12 billion. The company has a 50-day moving average of $7.30 and a 200 day moving average of $5.07.

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

Other institutional investors have bought and sold shares of the company. Russell Frank Co acquired a new position in Fortuna Silver Mines during the fourth quarter valued at $1,030,000. Central Square Management LLC raised 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 valued at $2,255,000 after buying an additional 160,328 shares during the period. Finally, OppenheimerFunds Inc. raised 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 valued at $2,090,000 after buying an additional 230,000 shares during the period.

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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.