Fortuna Silver Mines (NYSE:FSM) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Fortuna Silver Mines (NYSE:FSMGet Rating) (TSE:FVI) from a hold rating to a sell rating in a report issued on Monday.

FSM has been the topic of a number of other research reports. National Bank Financial increased their price objective on Fortuna Silver Mines from C$4.25 to C$4.75 in a report on Thursday, October 13th. BMO Capital Markets increased their price objective on Fortuna Silver Mines from C$5.25 to C$5.75 in a report on Friday, November 11th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of $5.33.

Fortuna Silver Mines Price Performance

Shares of NYSE FSM opened at $3.69 on Monday. Fortuna Silver Mines has a 1-year low of $2.05 and a 1-year high of $4.68. The company has a market cap of $1.07 billion, a price-to-earnings ratio of 26.36 and a beta of 1.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.93 and a quick ratio of 1.29. The stock’s 50-day moving average is $2.85 and its two-hundred day moving average is $2.86.

Institutional Trading of Fortuna Silver Mines

A number of large investors have recently made changes to their positions in FSM. SG Americas Securities LLC acquired a new stake in shares of Fortuna Silver Mines in the 1st quarter valued at about $46,000. Commonwealth Equity Services LLC lifted its position in Fortuna Silver Mines by 146.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 180,506 shares of the basic materials company’s stock worth $687,000 after acquiring an additional 107,231 shares during the period. National Bank of Canada FI lifted its position in Fortuna Silver Mines by 206.9% during the 1st quarter. National Bank of Canada FI now owns 572,629 shares of the basic materials company’s stock worth $2,175,000 after acquiring an additional 386,040 shares during the period. QCM Cayman Ltd. acquired a new stake in Fortuna Silver Mines during the 1st quarter worth approximately $44,000. Finally, CIBC Asset Management Inc lifted its position in Fortuna Silver Mines by 2.9% during the 1st quarter. CIBC Asset Management Inc now owns 253,196 shares of the basic materials company’s stock worth $963,000 after acquiring an additional 7,210 shares during the period. 27.92% of the stock is owned by institutional investors and hedge funds.

Fortuna Silver Mines Company Profile

(Get Rating)

Fortuna Silver Mines Inc engages in the acquisition, exploration, and mining of precious and base metal deposits in Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. It holds interest in the Caylloma silver, lead, and zinc mine located in southern Peru; the San Jose silver and gold mine situated in southern Mexico; the Lindero gold project located in Argentina; Yaramoko gold mine situated in south western Burkina Faso; and Séguéla gold mine located in south western Côte d'Ivoire.

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