Fortuna Silver Mines Inc. (NYSE:FSM – Get Free Report) (TSE:FVI)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $5.40, but opened at $5.27. Fortuna Silver Mines shares last traded at $5.34, with a volume of 762,947 shares trading hands.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on the company. StockNews.com upgraded Fortuna Silver Mines from a “hold” rating to a “buy” rating in a research report on Wednesday, May 8th. Scotiabank lifted their price target on shares of Fortuna Silver Mines from $4.75 to $6.00 and gave the company a “sector perform” rating in a research note on Thursday, May 23rd.
Check Out Our Latest Analysis on Fortuna Silver Mines
Fortuna Silver Mines Stock Down 0.7 %
Fortuna Silver Mines (NYSE:FSM – Get Free Report) (TSE:FVI) last posted its earnings results on Tuesday, May 7th. The basic materials company reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.06. The company had revenue of $224.95 million during the quarter. Fortuna Silver Mines had a positive return on equity of 6.04% and a negative net margin of 3.94%. As a group, equities analysts anticipate that Fortuna Silver Mines Inc. will post 0.37 earnings per share for the current fiscal year.
Institutional Trading of Fortuna Silver Mines
A number of hedge funds have recently bought and sold shares of FSM. Perritt Capital Management Inc. lifted its holdings in shares of Fortuna Silver Mines by 40.0% during the 1st quarter. Perritt Capital Management Inc. now owns 10,500 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 3,000 shares during the last quarter. Coppell Advisory Solutions Corp. acquired a new position in shares of Fortuna Silver Mines in the 1st quarter valued at $56,000. B. Riley Wealth Advisors Inc. acquired a new stake in Fortuna Silver Mines during the 4th quarter worth about $77,000. Daiwa Securities Group Inc. acquired a new stake in Fortuna Silver Mines during the 1st quarter worth about $77,000. Finally, Sumitomo Mitsui Trust Holdings Inc. acquired a new stake in Fortuna Silver Mines during the 1st quarter worth about $78,000. Hedge funds and other institutional investors own 33.80% of the company’s stock.
Fortuna Silver Mines Company Profile
Fortuna Silver Mines Inc engages in the precious and base metal mining in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It operates through Mansfield, Sanu, Sango, Cuzcatlan, Bateas, and Corporate segments. The company primarily explores for silver, lead, zinc, and gold. Its flagship project is the Séguéla gold mine, which consists of approximately 62,000 hectares and is located in the Worodougou Region of the Woroba District, Côte d'Ivoire.
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