Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) traded up 6.1% during mid-day trading on Monday . The stock traded as high as $4.65 and last traded at $4.52. 2,089,949 shares changed hands during mid-day trading, an increase of 35% from the average session volume of 1,543,349 shares. The stock had previously closed at $4.26.

Several brokerages have weighed in on FSM. Zacks Investment Research upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Friday, September 1st. Canaccord Genuity began coverage on Fortuna Silver Mines in a research report on Thursday, September 7th. They set a “buy” rating for the company. Scotiabank decreased their target price on Fortuna Silver Mines from $7.00 to $6.00 and set a “sector perform” rating for the company in a research report on Friday, October 6th. BMO Capital Markets began coverage on Fortuna Silver Mines in a research report on Friday, November 17th. They issued an “outperform” rating for the company. Finally, Raymond James Financial cut Fortuna Silver Mines from a “strong-buy” rating to an “outperform” rating in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $6.75.

The company has a quick ratio of 4.45, a current ratio of 4.77 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $721.56, a PE ratio of 16.14 and a beta of 0.14.

A number of institutional investors have recently bought and sold shares of the business. Global X MANAGEMENT CO LLC lifted its position in Fortuna Silver Mines by 8.2% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,024,865 shares of the basic materials company’s stock worth $8,840,000 after acquiring an additional 152,793 shares during the period. TD Asset Management Inc. raised its stake in shares of Fortuna Silver Mines by 64.8% during the 3rd quarter. TD Asset Management Inc. now owns 1,827,749 shares of the basic materials company’s stock worth $7,980,000 after buying an additional 718,800 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Fortuna Silver Mines by 1,670.2% during the 2nd quarter. Fiera Capital Corp now owns 1,773,765 shares of the basic materials company’s stock worth $8,670,000 after buying an additional 1,673,565 shares in the last quarter. Gabelli Funds LLC raised its stake in shares of Fortuna Silver Mines by 204.3% during the 3rd quarter. Gabelli Funds LLC now owns 1,750,000 shares of the basic materials company’s stock worth $7,665,000 after buying an additional 1,175,000 shares in the last quarter. Finally, Ingalls & Snyder LLC raised its stake in shares of Fortuna Silver Mines by 184.0% during the 3rd quarter. Ingalls & Snyder LLC now owns 1,512,200 shares of the basic materials company’s stock worth $6,623,000 after buying an additional 979,800 shares in the last quarter. 39.59% of the stock is owned by institutional investors.

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Fortuna Silver Mines Company Profile

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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