Fortuna Silver Mines Inc. (FSM) Now Covered by Analysts at BMO Capital Markets

BMO Capital Markets began coverage on shares of Fortuna Silver Mines Inc. (NYSE:FSM) (TSE:FVI) in a research report report published on Friday. The firm issued an outperform rating on the basic materials company’s stock.

FSM has been the subject of several other research reports. BidaskClub cut Fortuna Silver Mines from a hold rating to a sell rating in a research note on Saturday, August 5th. Zacks Investment Research upgraded Fortuna Silver Mines from a sell rating to a hold rating and set a $5.25 price objective for the company in a research note on Friday, September 22nd. Scotiabank reduced their price objective on Fortuna Silver Mines from $7.00 to $6.00 and set a sector perform rating for the company in a research note on Friday, October 6th. Finally, Canaccord Genuity began coverage on Fortuna Silver Mines in a research note on Thursday, September 7th. They issued a buy rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of Buy and an average price target of $6.75.

Fortuna Silver Mines (NYSE FSM) traded up $0.14 during mid-day trading on Friday, reaching $4.27. The company had a trading volume of 1,451,300 shares, compared to its average volume of 1,571,014. The stock has a market capitalization of $654.51, a PE ratio of 14.46 and a beta of 0.17. Fortuna Silver Mines has a 12-month low of $4.03 and a 12-month high of $6.92. The company has a debt-to-equity ratio of 0.08, a quick ratio of 4.45 and a current ratio of 4.77.

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Hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace North America L.P. acquired a new position in shares of Fortuna Silver Mines in the second quarter valued at approximately $5,797,000. Cipher Capital LP increased its holdings in shares of Fortuna Silver Mines by 28.9% in the second quarter. Cipher Capital LP now owns 306,562 shares of the basic materials company’s stock valued at $1,499,000 after purchasing an additional 68,774 shares during the period. Ingalls & Snyder LLC increased its holdings in shares of Fortuna Silver Mines by 184.0% in the third quarter. Ingalls & Snyder LLC now owns 1,512,200 shares of the basic materials company’s stock valued at $6,623,000 after purchasing an additional 979,800 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Fortuna Silver Mines by 173.3% in the second quarter. Cubist Systematic Strategies LLC now owns 143,666 shares of the basic materials company’s stock valued at $703,000 after purchasing an additional 91,103 shares during the period. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Fortuna Silver Mines by 318.6% in the second quarter. Goldman Sachs Group Inc. now owns 656,325 shares of the basic materials company’s stock valued at $3,210,000 after purchasing an additional 499,544 shares during the period. Institutional investors own 45.36% of the company’s stock.

Fortuna Silver Mines Company Profile

Fortuna Silver Mines Inc is a Canada-based mining company engaged in silver mining and related activities in Latin America, including exploration, extraction and processing. The Company operates the Caylloma silver, lead, and zinc mine (Caylloma) in southern Peru and the San Jose silver and gold mine (San Jose) in southern Mexico.

Analyst Recommendations for Fortuna Silver Mines (NYSE:FSM)

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