Fortuna Silver Mines (FSM) Sets New 1-Year High and Low at $5.75

Fortuna Silver Mines Inc (NYSE:FSM) (TSE:FVI) shares hit a new 52-week high and low during trading on Monday . The stock traded as low as $5.75 and last traded at $5.65, with a volume of 607984 shares traded. The stock had previously closed at $5.61.

FSM has been the subject of several research reports. Zacks Investment Research lowered shares of Fortuna Silver Mines from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. TheStreet upgraded shares of Fortuna Silver Mines from a “c+” rating to a “b” rating in a report on Wednesday, March 21st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. Fortuna Silver Mines has a consensus rating of “Hold” and an average target price of $5.88.

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The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.20 and a current ratio of 4.50. The firm has a market capitalization of $895.56, a P/E ratio of 18.15 and a beta of -0.05.

A number of hedge funds and other institutional investors have recently modified their holdings of FSM. Ingalls & Snyder LLC increased its stake in shares of Fortuna Silver Mines by 98.1% in the 4th quarter. Ingalls & Snyder LLC now owns 2,995,200 shares of the basic materials company’s stock worth $15,635,000 after acquiring an additional 1,483,000 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Fortuna Silver Mines by 65.5% in the 4th quarter. The Manufacturers Life Insurance Company now owns 2,575,939 shares of the basic materials company’s stock worth $13,446,000 after acquiring an additional 1,019,487 shares in the last quarter. Sicart Associates LLC bought a new position in shares of Fortuna Silver Mines in the 4th quarter worth about $4,567,000. Mackenzie Financial Corp increased its stake in shares of Fortuna Silver Mines by 109.1% in the 4th quarter. Mackenzie Financial Corp now owns 1,108,140 shares of the basic materials company’s stock worth $5,784,000 after acquiring an additional 578,200 shares in the last quarter. Finally, Alps Advisors Inc. increased its stake in shares of Fortuna Silver Mines by 40.2% in the 4th quarter. Alps Advisors Inc. now owns 1,737,452 shares of the basic materials company’s stock worth $9,069,000 after acquiring an additional 498,250 shares in the last quarter. Institutional investors and hedge funds own 39.74% of the company’s stock.

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About Fortuna Silver Mines

Fortuna Silver Mines Inc engages in the exploration, extraction, and processing of mineral properties in Latin America. The company explores for silver, gold, lead, and zinc deposits. It holds interests in the Caylloma mine located in southern Peru; and the San Jose mine located in the State of Oaxaca in southern Mexico, as well as develops the Lindero gold project situated in northwestern Argentina.

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