Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) hit a new 52-week low during trading on Thursday . The company traded as low as $3.53 and last traded at $4.20, with a volume of 157174 shares trading hands. The stock had previously closed at $4.26.

FSM has been the topic of a number of research reports. Zacks Investment Research cut shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a research note on Tuesday, September 11th. ValuEngine cut shares of Fortuna Silver Mines from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 15th. One analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Fortuna Silver Mines presently has an average rating of “Hold” and a consensus price target of $6.25.

The company has a market cap of $698.33 million, a P/E ratio of 13.26 and a beta of 0.07. The company has a current ratio of 5.10, a quick ratio of 4.75 and a debt-to-equity ratio of 0.07.

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last issued its quarterly earnings data on Wednesday, August 8th. The basic materials company reported $0.06 EPS for the quarter, missing the Zacks’ consensus estimate of $0.09 by ($0.03). The business had revenue of $73.67 million during the quarter. Fortuna Silver Mines had a net margin of 24.48% and a return on equity of 8.57%. As a group, research analysts anticipate that Fortuna Silver Mines Inc will post 0.23 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Capital Wealth Advisors acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth about $144,000. BlackRock Inc. boosted its stake in shares of Fortuna Silver Mines by 124.1% during the 2nd quarter. BlackRock Inc. now owns 32,705 shares of the basic materials company’s stock worth $186,000 after purchasing an additional 18,114 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth about $215,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth about $239,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of Fortuna Silver Mines during the 2nd quarter worth about $330,000. 42.84% of the stock is currently owned by hedge funds and other institutional investors.

About Fortuna Silver Mines (NYSE:FSM)

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of precious and base metal deposits in Latin America. It explores for silver, gold, lead, and zinc deposits. The company holds interests in the Caylloma mine located in southern Peru; and the San Jose mine situated in the state of Oaxaca in southern Mexico.

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