Fortuna Silver Mines Inc. (FSM) Trading 1.2% Higher
Fortuna Silver Mines Inc. (NYSE:FSM)’s share price traded up 1.2% on Tuesday . The company traded as high as $9.75 and last traded at $9.29, with a volume of 1,205,261 shares. The stock had previously closed at $9.18.
Several equities analysts have weighed in on FSM shares. Zacks Investment Research raised Fortuna Silver Mines from a “hold” rating to a “buy” rating and set a $6.25 target price on the stock in a research note on Monday, May 30th. Scotiabank reaffirmed a “sector perform” rating and set a $6.25 target price (up previously from $5.60) on shares of Fortuna Silver Mines in a research note on Tuesday, June 14th. BMO Capital Markets cut Fortuna Silver Mines from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 12th. Finally, TheStreet raised Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research note on Friday, April 15th. Four analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $7.08.
The company’s market capitalization is $1.20 billion. The company’s 50-day moving average is $7.57 and its 200 day moving average is $5.26.
Fortuna Silver Mines (NYSE:FSM) last posted its earnings results on Monday, May 9th. The company reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The business earned $42.70 million during the quarter, compared to the consensus estimate of $37.47 million. During the same quarter last year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts predict that Fortuna Silver Mines Inc. will post $0.21 EPS for the current fiscal year.
Other hedge funds have bought and sold shares of the company. Russell Frank Co acquired a new stake in Fortuna Silver Mines during the fourth quarter worth $1,030,000. OppenheimerFunds Inc. increased its stake 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 during the period. Finally, Central Square Management LLC increased its stake 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 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.
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