TheStreet Downgrades Fortuna Silver Mines (FSM) to C+

Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) was downgraded by analysts at TheStreet from a “b” rating to a “c+” rating in a note issued to investors on Tuesday.

A number of other brokerages have also weighed in on FSM. Zacks Investment Research raised Fortuna Silver Mines from a “sell” rating to a “hold” rating in a report on Monday, October 8th. ValuEngine lowered Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research note on Wednesday, August 8th. Two investment analysts have rated the stock with a sell rating and two have issued a buy rating to the company’s stock. Fortuna Silver Mines presently has a consensus rating of “Hold” and an average price target of $6.25.

Shares of FSM opened at $4.06 on Tuesday. Fortuna Silver Mines has a twelve month low of $3.53 and a twelve month high of $6.08. The company has a market capitalization of $698.33 million, a price-to-earnings ratio of 13.10 and a beta of 0.07. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.75 and a current ratio of 5.10.

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

Several large investors have recently made changes to their positions in FSM. Guggenheim Capital LLC boosted its stake in shares of Fortuna Silver Mines by 88.1% during the 1st quarter. Guggenheim Capital LLC now owns 394,059 shares of the basic materials company’s stock worth $2,053,000 after acquiring an additional 184,531 shares in the last quarter. Millennium Management LLC boosted its stake in shares of Fortuna Silver Mines by 398.1% during the 1st quarter. Millennium Management LLC now owns 843,649 shares of the basic materials company’s stock worth $4,395,000 after acquiring an additional 674,261 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Fortuna Silver Mines by 3,239.6% during the 1st quarter. Royal Bank of Canada now owns 1,418,531 shares of the basic materials company’s stock worth $7,391,000 after acquiring an additional 1,376,055 shares in the last quarter. CIBC World Markets Inc. boosted its stake in shares of Fortuna Silver Mines by 58.4% during the 1st quarter. CIBC World Markets Inc. now owns 148,750 shares of the basic materials company’s stock worth $775,000 after acquiring an additional 54,847 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new stake in shares of Fortuna Silver Mines during the 1st quarter worth approximately $585,000. 42.84% of the stock is currently owned by institutional investors and hedge funds.

About Fortuna Silver Mines

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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