Fortuna Silver Mines (FSM) Upgraded to Buy at Canaccord Genuity
Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) was upgraded by stock analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a research report issued on Thursday, The Fly reports. The analysts noted that the move was a valuation call.
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research report on Monday, December 10th. ValuEngine cut Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Fortuna Silver Mines in a research note on Monday, December 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $6.25.
Shares of FSM traded up $0.03 during mid-day trading on Thursday, reaching $3.64. 115,322 shares of the company were exchanged, compared to its average volume of 1,026,719. Fortuna Silver Mines has a 52 week low of $3.16 and a 52 week high of $6.08. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.43 and a quick ratio of 4.04. The company has a market capitalization of $577.38 million, a price-to-earnings ratio of 11.71 and a beta of 0.22.
Fortuna Silver Mines Company Profile
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.
Further Reading: How Do Mutual Funds Work?
Receive News & Ratings for Fortuna Silver Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Silver Mines and related companies with MarketBeat.com's FREE daily email newsletter.