Fortuna Silver Mines (FSM) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research lowered shares of Fortuna Silver Mines (NYSE:FSM) (TSE:FVI) from a buy rating to a hold rating in a research note published on Tuesday.

According to Zacks, “Fortuna Silver Mines Inc. is engaged in the exploration, mining and development of silver and base metal properties in Latin America. Its core assets include the Caylloma Ag-Pb-Zn-Cu Mine located in Arequipa, Peru and the San Jose Ag – Au Project located in Oaxaca, Mexico. Fortuna Silver Mines Inc. is headquartered in Lima, Peru. “

Other research analysts have also recently issued reports about the company. Raymond James Financial cut Fortuna Silver Mines from a strong-buy rating to an outperform rating in a research report on Tuesday, November 21st. BMO Capital Markets started coverage on Fortuna Silver Mines in a research report on Friday, November 17th. They set an outperform rating for the company. Finally, 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 report on Friday, October 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Fortuna Silver Mines currently has an average rating of Buy and an average target price of $6.75.

Fortuna Silver Mines (NYSE:FSM) traded down $0.04 during mid-day trading on Tuesday, hitting $5.03. The stock had a trading volume of 810,100 shares, compared to its average volume of 956,517. The company has a quick ratio of 4.45, a current ratio of 4.77 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $802.97, a PE ratio of 20.12 and a beta of 0.12. Fortuna Silver Mines has a 52 week low of $4.03 and a 52 week high of $6.92.

A number of hedge funds and other institutional investors have recently modified their holdings of FSM. CIBC World Markets Inc. boosted its position in Fortuna Silver Mines by 227.1% during the second quarter. CIBC World Markets Inc. now owns 131,859 shares of the basic materials company’s stock valued at $645,000 after purchasing an additional 91,543 shares during the last quarter. Fiera Capital Corp boosted its position in Fortuna Silver Mines by 1,670.2% during the second quarter. Fiera Capital Corp now owns 1,773,765 shares of the basic materials company’s stock valued at $8,670,000 after purchasing an additional 1,673,565 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Fortuna Silver Mines by 57.4% during the second quarter. UBS Asset Management Americas Inc. now owns 53,494 shares of the basic materials company’s stock valued at $262,000 after purchasing an additional 19,500 shares during the last quarter. Virtu KCG Holdings LLC boosted its position in Fortuna Silver Mines by 43.8% during the second quarter. Virtu KCG Holdings LLC now owns 48,897 shares of the basic materials company’s stock valued at $239,000 after purchasing an additional 14,888 shares during the last quarter. Finally, OxFORD Asset Management LLP acquired a new position in Fortuna Silver Mines during the second quarter valued at approximately $150,000. 42.18% of the stock is owned by hedge funds and other institutional investors.

TRADEMARK VIOLATION NOTICE: This article was first published by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another publication, it was illegally stolen and republished in violation of US and international trademark and copyright legislation. The original version of this article can be viewed at https://www.com-unik.info/2018/01/10/fortuna-silver-mines-fsm-stock-rating-lowered-by-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on Fortuna Silver Mines (FSM)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Fortuna Silver Mines (NYSE:FSM)

Receive News & Ratings for Fortuna Silver Mines Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fortuna Silver Mines and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit