Fortuna Silver Mines (NYSE:FSM) Lifted to Outperform at BMO Capital Markets
Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) was upgraded by research analysts at BMO Capital Markets from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday, The Fly reports.
A number of other equities research analysts have also recently commented on the company. Canaccord Genuity cut Fortuna Silver Mines from a “hold” rating to a “sell” rating in a research note on Thursday, November 11th. CIBC reduced their price objective on Fortuna Silver Mines from C$9.00 to C$8.00 and set a “neutral” rating for the company in a research note on Wednesday, October 13th. Zacks Investment Research raised Fortuna Silver Mines from a “sell” rating to a “hold” rating in a research note on Tuesday, November 16th. Finally, National Bank Financial cut their target price on Fortuna Silver Mines from C$7.00 to C$6.50 and set a “sector perform” rating on the stock in a research report on Monday, November 15th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $7.45.
NYSE FSM opened at $3.22 on Monday. The business has a 50 day simple moving average of $4.14 and a 200 day simple moving average of $4.60. Fortuna Silver Mines has a one year low of $2.91 and a one year high of $9.85. The stock has a market capitalization of $938.72 million, a P/E ratio of 10.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.96 and a quick ratio of 0.73.
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Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) last released its earnings results on Thursday, November 11th. The basic materials company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.02). Fortuna Silver Mines had a return on equity of 10.32% and a net margin of 12.04%. The business had revenue of $162.57 million for the quarter. During the same period in the prior year, the company earned $0.09 earnings per share. Equities analysts expect that Fortuna Silver Mines will post 0.49 earnings per share for the current year.
Institutional investors have recently modified their holdings of the stock. Advisory Services Network LLC bought a new stake in shares of Fortuna Silver Mines in the second quarter valued at $29,000. Bank of New York Mellon Corp bought a new stake in shares of Fortuna Silver Mines during the 3rd quarter valued at $40,000. Squarepoint Ops LLC bought a new stake in shares of Fortuna Silver Mines during the 3rd quarter valued at $44,000. Brookstone Capital Management bought a new stake in shares of Fortuna Silver Mines during the 3rd quarter valued at $46,000. Finally, Proffitt & Goodson Inc. grew its position in Fortuna Silver Mines by 80.0% during the second quarter. Proffitt & Goodson Inc. now owns 9,000 shares of the basic materials company’s stock worth $50,000 after buying an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 21.79% of the company’s stock.
Fortuna Silver Mines Company Profile
Fortuna Silver Mines, Inc engages in the exploration, extraction and processing of precious and base metal in Latin America. It operates through the following segments: Minera Bateas SAC (Bateas), Compania Minera Cuzcatlan SA de C.V. (Cuzcatian), Mansfield Minera SA (Mansfield), and Corporate. The Beates segment operates the Caylloma silver, lead, and zinc mine.
See Also: Outperform Rating
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